This paper is devoted to exploring the social dynamics of economic behaviour specifically how to encourage endogenous growth. Innovation, the key to successful competition, and therefore growth, must be futher understood. The tecnological aspects of innovation are important, but their presence...

This article evaluates the quality of professional macroeconomic forecasts in China for the years 1995--2009. Using a large panel of forecasts on four macroeconomic variables (GDP, inflation, consumption and investment), we reject the hypothesis of unbiasedness, and find that forecasters have...