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The aim of this paper is to discuss the nature and
role that industry policy has played in economic growth, with an explicit focus on the specificities
and recent shifts in policy thinking and implementation in Finland.

The authors examine a sample of 2,108 PIPEs and 1,990 SEOs completed between 1993 and 2003, and show that, as expected, PIPEs are discounted more than SEOs, although the commissions paid to investment bankers are lower.

The blueprint is the Administration’s strategic vision for economic development in Philadelphia and will inform and shape public policy in the years to come. The document presents the ten policy objectives that will receive the lion’s share of the Administration’s time and resources.

The author argues that the increasingly complex challenges that govern the quality of life in our cities cannot be solved by one or two players acting on their own. Instead, Canadas future competitiveness depends on its ability to set aside traditional, segmented and aspatial approaches and develop a "place-based public policy" rooted in "collaborative, multilevel governance".

This paper addresses the issue of anticompetitive and collusive practices in a continuous-time real option framework. Results indicate that depending on a number of economic, as well as firm-specific factors, collusion can actually accelerate competition.

Do institutions “rule” when explaining cross-country divergence? This paper finds that to a large extent they do. However, the role of ethno-linguistic fractionalization cannot be ignored.

The paper measures the impact of different kinds of knowledge and external economies on urban growth in an intraregional context. The main hypothesis is that knowledge leads to growth, and that this knowledge is related to the existence of agglomeration and network externalities in cities.

The paper models the relationship between growth, technology-lifetime, entry, and competition in a vintage-knowledge model of endogenous growth and perfect competition.

This study was conducted through a series of focus groups and interviews with individuals from the business, education, arts and government sectors of the Canadian Montréal region. The authors conclude that with its bilingual and multicultural nature, the Montréal region occupies a unique position, which can help the region continue its growth trajectory and build prosperity.

As a percentage, Silicon Valley has lost more jobs over the past four years than any U.S. metropolitan area since 1939, but evidence shows the region is stabilizing with a return to levels reminiscent of the late 1990s, according to the report. The 10th annual index, which continues the work set forth in past editions, considers 37 indicators or measures of the regions health.