Under the ‘Belt and Road’ initiative, China has expanded its footprint in Latin America and Caribbean (LAC) and contributed to LAC FDI stock, as well as, gross fixed capital formation and GDP. This paper uses the Computable General Equilibrium model to estimate the influences of China's ODI...

Individual and team creativity and innovation are essential for organizational effectiveness and success. The typology we developed in 2014 has stimulated much research in the past decade. We review this body of work and structure our article around the four quadrants described in our typology....

Probability Matching, as a well-documented suboptimal stochastic choice, describes subjects’ tendency to mix or match their choice frequency to the outcome probabilities when repeatedly asked to predict two payoff-relevant outcomes that only differ in their probabilities of occurrence. It is a...

Private consumption in the U.S. has recovered swiftly from the pandemic trough and has been running above the pre-pandemic trend even as interest rates rose sharply. This paper examines the underlying drivers for this strong growth in consumption. Using both state- and household-level data, we...

The surge in energy prices since Russia's invasion of Ukraine has reduced the energy-intensive sector's production in Germany, although the non-energy intensive sector's production has held up thanks in part to firms' efforts to improve energy efficiency. Energy prices are expected to remain...

We document the importance of import prices and domestic profits as a counterpart to the recent increase in euro area inflation. Through a novel consumption deflator decomposition, we show that import prices account for 40 percent of the average change in the consumption deflator over 2022Q1 -...

Reducing transport sector emissions is an important pillar of the green transition. However, the transition to electric vehicles (EV) portends major changes in vehicle manufacturing activity, on which many livelihoods in Europe depend. Using the heterogeneity across European countries in the...

We analyze the potential impacts on the German economy of a complete and permanent shutoff of the remaining Russian natural gas supplies to Europe, accounting for the curtailment of flows through Nord Stream 1 that has already taken place. We find that such a scenario could lead to gas shortages...

Workplace creativity exhibited by individual employees and teams is a key driver of organizational innovation and success. After briefly touching upon issues related to the historical roots of research on workplace creativity, we focus on reviewing empirical work published since 2000 by...

The examination of contextual factors that enhance or stifle employees’ creative performance is a new but rapidly growing research area. Theory and research in this area have focused on antecedents of employee creativity. In this paper, we review and discuss the major theoretical frameworks...