This paper presents a model of the determinants of urban to rural remittances in developing countries. While the literature on economic development is very rich in explaining migration behaviour, there is no formal theory of how remittances are determined. The framework here is similar to one in...

Entrepreneurship may not be good for growth. We study the role of entrepreneurship in the context of an endogenous growth model. the exercise of entrepreneurship has two features in our model: (i) Entrepreneurs do not carry out research, instead, they select projects from the researchers, and...

We use data from an international sample of 349 British owned firms to analyze the effectiveness of the International Tea Agreements of 1930 and 1933. These agreements were effective in reducing output overall; however, there were significant regional differences in the extent of compliance,...

Paroush and Wolf (1992) investigated a perfectly competitive firm which faces input price uncertainty in one input of its two-input production function. The main purpose of their study was to determine the impact of the technological relationship on the derived demand when the input is hedged in...

This paper reports on: (a) new primary source evidence on; and (b) statistical and econometric analysis of high technology clusters in Scotland. It focuses on the following sectors: software, life sciences, microelectronics, optoelectronics, and digital media. Evidence on a postal and e-mailed...

This paper examines the effects of theWorking Families’ Tax Credit (WFTC) on couples in Britain. We develop a simple model of household decisions which explicitly accounts for the role played by the tax and benefit system. Its main implications are then tested using panel data from the British...

This paper seeks a good measure of new business performance, and then explains this measure by various dimensions of business strategy. Three criteria are used to create a one dimensional ordinal ranking of high, medium and low performance for new business starts: employment growth; return on...

A new theory of entrepreneurial effort demonstrates that reducing liquidity constraints may retard the performance of the self-employed. A two dimensional empirical approach then distinguishes the impact of human and financial capital on both the number and performance of the self-employed. This...

New survey data for a panel of Polish firms is used to study employment and wage adjustment in state-owned enterprises, new private firms, and insider- and outsider- controlled privatized firms. In contrast to earlier studies, dynamic panel data estimators (GMM) allow for endogeneity of observed...

This paper uses data from high technology industry clusters in U.S. cities to establish a strong positive relationship between city, industry (and university) R&D and subsequent employment in the same industry and city. Perhaps surprisingly, in view of recent results that heterogeneity favors...