state tbed

The report examines the state of well-being in Britain - this being the target of the Government’s Sustainable Communities Plan and local authority regeneration and community strategies up and down the country. The authors assess well-being from three different perspectives – economic, social, environmental – then in the concluding chapter summarise findings and consider the implications for Government and local policy makers.

The authors describe new ideas as incomplete concepts for which the innovator needs feedback from agents with complementary skills. They compare how different contractual environments support invention and implementation.

In this paper, the authors contribute to the longstanding discussion on the role of knowledge to economic growth in a spatial context. The policy focus is on R&D specialized regions in their spatial economic strategies.

This paper sets forth seven steps for practitioners and investors to follow in investing in local community information initiatives and, in turn, close the urban information gap and accelerate investment in these markets.

The authors estimate the model under the null of no ex-ante average IPO underperformance and construct small sample distributions of various statistics measuring IPO relative performance. Findings indicate that small sample biases are extremely unlikely to account for the magnitude of the post-1970 IPO underperformance observed in data.

Why do firms decide to offshore certain parts of their production process? What qualifies certain countries as particularly attractive locations to offshore? In this paper, the authors address these questions with a theory of international production hierarchies in which organizations arise endogenously to make efficient use of agents knowledge.

Using the World Bank survey of 1500 firms in five Chinese cities, the authors study whether the presence of foreign firms produces technology spillovers on domestic firms operating in the same city and industry. Findings indicate positive spillovers for more technologically advanced firms and no or negative spillovers for more backward firms.

This report grew out the need to respond to a sense of domestic policy drift in Canada. The process included interviews and six regional roundtables with over 100 Canadian leaders drawn from business and civil society leaders, federal and provincial government officials, academics and representatives from non-profit organizations. Two fundamental economic forces are tugging at the core of Canadian society and its
institutions, according to the Forum’s roundtable report.

The authors use a new firm-level dataset to examine the efficiency of investment in emerging economies. In the three-year period following stock market liberalizations, the growth rate of the typical firms capital stock exceeds its pre-liberalization mean by an average of 5.4 percentage points. Cross-sectional changes in investment are significantly correlated with the signals about fundamentals embedded in the stock price changes that occur upon liberalization.

This report provides new 2005 national data on high-tech employment, exports, and venture capital investments. It also includes the latest available state data on employment, wages, establishments, payroll, and research and development expenditures. According to the findings, U.S. high-tech employment totaled 5.6 million in 2005, up by 61, or by one percent.