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According to the authors, credit markets are just as important as equity markets to financial development. And in most countries far more finance is generated in credit markets than in public equity markets. Even in the United States, which is usually thought the country with the most pronounced equity culture, far more money is raised in credit markets than in equity markets.

This report by the National Science Board serves as a companion piece to the National Science Foundations Science and Engineering Indicators 2006. If the U.S. is to maintain its economic leadership and compete in the new global economy, the Nation must prepare todays K–12 students better to be tomorrows productive workers and citizens, according to the report.

Science and Engineering Indicators (SEI) is a volume of record comprising the major high quality quantitative data on the U.S. and international science and engineering enterprise. The data can be examined in various ways, and SEI generally emphasizes neutral, factual description and avoids unconventional or controversial analysis.

This study analyses the relationship between firms’ foreign and domestic investments using a panel dataset containing 218 Finnish manufacturing firms during the years 1998-2002. The study examines whether foreign investments increase or decrease domestic investments and whether the effect varies between investments directed to developed markets or emerging markets.

The authors discuss the role of institutions and policies in the process of development. They begin by arguing how misleading the "market failure" language can be in order to assess the necessity of public policies in that it evaluates it against a yardstick that is hardly met by any observed market set-up.

This paper develops a theory of endogenous growth cycles focusing on the interaction between consumers desire to satisfy an indefinite range of wants and firms incentive to utilize knowledge from past production experiences. The authors show that firms endogenously form a number of distinguishable industries as accumulated knowledge induces them to agglomerate in the technology space.

This paper presents a new data set on the diffusion of about 115 technologies in over 150 countries over the last 200 years. The authors use a comprehensive data set to uncover general patterns of technology diffusion.

This paper argues that social-cognitive vicarious learning theories can become a useful methodological tool by incorporating a triadic interaction between personal factors (beliefs, values), behaviour and environment. The analysis is based on a survey of the Indian trans-Himalayan regions.

The analysis is performed at the country level for 21 OECD countries. Results confirm earlier evidence on three stages in the impact of entry on economic growth: an initial direct positive effect, followed by a negative effect due to exiting capacities and finally a stage of positive supply-side effects.

The paper attempts to define the contours of the right macroeconomic strategy for China. The authors believe that the package includes a decrease in saving, with a focus on private saving, an increase in the supply of services, in particular health services, and an appreciation of the RMB.