In this paper, we shall provide a theoretical overview of what are the chief implications of fucusing institutions and economic systems, what are the main sources of their evolution, how are their evolutionary paths affected by various economic factors. In the latter half, we shall provide a...

To study the impact of foreign direct investment (FDI) on innovation, imitation and technology transfer, we introduce FDI into Grossman and Helpman's quality ladders product cycle model, thus allowing technology transfer between countries to occur through both FDI and imitation.

This paper synthesizes, in one Leontief economic model, the arguments of exploitation and unequal distribution of wealth by Roemer (1982,1986) and of the power relationship between employers and employees concerning the labor extraction by Boyles and Gintis (1988,1990). The author introduces the...