It is argued that, differently from a diffuse practice among modern economists, one needs reading more than the first couple of pages of the Wealth of Nations in order to fully appreciate Smith s contribution to the economics of exchange, innovation and economic evolution. In particular, by...

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual-level, idiosyncratic risk implies that distinct...

Many reform initiatives in developing countries fail to achieve sustained improvements in performance because they are merely isomorphic mimicry — that is, governments and organizations pretend to reform by changing what policies or organizations look like rather than what they actually do. In...

We analyse the national production of academic knowledge in all Iberoamerican and Caribbean countries between 1973 and 2010. We show that the total number of citable scientific publications listed in the Science Citation Index (SCI), the Social Science Citation Index (SSCI) and Arts and...

Developing and administering disciplines on the use of subsidies is one of the most difficult areas of international economic policy and rule making. It is also one of the most pervasive problems in international trade. Subsidization has taken on new prominence in the economic policy toolkit as...

From its beginning in mid-2000s, the crowdsourcing and collective intelligence initiatives have evolved into an emerging research field. The main objective of this paper is to contribute to a better understanding of the “research landscape” of the emerging field of crowdsourcing/collective...

This report presents the findings of a global survey on AI in Financial Services jointly conducted by the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School and the World Economic Forum in Q2-Q3 2019. Representing one of the largest global...

The European Council in Lisbon set the European Union the strategic goal of becoming the most competitive and dynamic knowledge-based economy in the world by 2010. The measures to be implemented by 2010 pursuant to the conclusions of the Council are primarily to serve the goals among which one...

The fundamental problem in the field of the economics of innovation is how countries achieve and sustain technological and economic advantage. This study confronts the problem here by developing a theoretical framework based on the concept of purposeful system having a purpose of global...