We consider a duopoly competing in quantity, where firms can invest in both innovative and absorptive R&D to reduce their unit production cost, and where they benefit from free R&D spillovers between them. We analyze the case where firms act non cooperatively and the case where they cooperate by...

Growth and imports are correlated across countries, but the mechanisms underlying this relationship are not well understood. I develop a multi-country model in which imports and growth are connected by technological innovations and their international diffusion through trade. Fitting the model...

This paper develops and estimates a dynamic model of stock market participation, where consumers’ decisions regarding stock market participation are influenced by participation costs. The practical significance of the participation costs is considered as being a channel through which financial...

The rural labour market in India is still virtually, to a large extent, dominated by the agriculture related workers, both cultivators and hired workers consisting of more than 70 percent of the rural workforce even in the current decade. However, there have been signs of a shift from farm to...

The universal adoption of collective action clauses (CACs) was the most promising reform proposal in recent debates on sovereign debt crisis management. Academics and the public sector had been promoting CACs since 1995, yet market practice did not begin to change until 2003. This delay is often...

The “cost versus value” survey by Remodeling indicates that realtor value estimates for window replacement can be substantially explained by the market value of energy efficiency, as estimated in “Evidence of Rational Market Values for Home Energy Efficiency,” which appeared in the...

In the present paper was to assess the performance of soybean cultivars different environments or planting dates. The variable of interest was performance dry matter per hectare of these cultivars with different maturity groups. We compare two statistical techniques often used for this data:...

This study shows that 1936-1990 preschool blood lead trends explain 65% of the 1948-2001 variation in USA mental retardation (MR) prevalence, 45% of the 1953-2003 variation in the average Scholastic Achievement Test (SAT) verbal score, and 65% of the 1953-2003 variation in the average SAT math...

This paper investigates inter-relationships among the price behavior of oil, gold and the euro using time series and neural network methodologies. Traditionally gold is a leading indicator of future inflation. Both the demand and supply of oil as a key global commodity are impacted by...

Abstract After emerging from the U.S. real estate and financial markets, financial crisis has gradually become global. Due to both primary and secondary mortgage market problems in the U.S. are accepted as the essential reasons of the current crisis, it is believed that financial markets and...