Using firm-level panel data covering 2005-2007, the present paper examines the effects of R&D and human capital investment on productivity in China's electronics industry. It is found that both R&D and on-the-job training positively contribute to total factor productivity (TFP). Firms'...

Biomass co-firing systems in power plants generate electric power by the simultaneous combustion of biomass and fossil fuels. The co-firing process reduces investment costs by converting biomass energy into electricity in existing conventional power plants. Biomass co-firing significantly...

This paper examines cross-country happiness interdependencies. The sample under study includes 116 countries of diverse characteristics using averaged data for the year 2006. We divide the entire data into six groups of countries, viz., Income domain (developed and developing); Income inequality...

The validity of regional economic clubs requires that two conditions be met. First, per capita output between clubs diverges so that the poor region can hardly catch up with the rich one. Second, per capita outputs within each club converge to similar steady states. This paper applies unit root...