In recent years, supporting intellectual property right has gained more significance. Intellectual property rights could be considered as legal rights resulting from intellectual activities in industrial, scientific, literary and artistic fields. Today, many countries are seeking practical information about using intellectual property to improve economic growth. Intellectual property rights hav...

in this paper, we develop a ramsey-type endogenous growth model in which government spending on property rights protection is a major determinant of economic growth. this model includes equations for welfare, private and public sectors production. we introduce the legal efficiency into private production function, and x-inefficiency parameter into public production function. also, we consider t...

The purpose of this paper is to empirically assess the relationship existing between local financial development and the growth of firms, with a special focus on cooperatives. More in detail, the interest is in investigating whether local banking development impacts differently on the growth of cooperative firms, as compared to partnerships and corporations. To pursue this aim, using Italian da...

Can investors with incorrect beliefs survive in financial markets and have a significant impact on asset prices? My paper addresses this issue by analyzing a dynamic general equilibrium asset pricing model with some investors having rational expectations while others having incorrect beliefs concerning the mean growth rate of the economy. In contrast to the existing literature such as Sandroni ...

One cannot sensibly introduce Basil Hiley’s work as a mathematical physicist without his collaboration with David Bohm, lasting from 1962, when Basil went to Birkbeck College, to Bohm’s death in 1992. The beginning of their careers shows an astonishing similarity in the study of collective phenomena—Bohm in plasmas, Basil in molecules. However, their topics changed drastically over time, and th...

OBJECTIVE We describe the case of a boy with steroid-sensitive nephrotic syndrome coexisting with type-1 diabetes mellitus. DESCRIPTION Nephrotic syndrome was diagnosed in a boy (age 3 years and 11 months) with generalized edema. Marked weight loss (23 to 16 kg), polyuria, polydipsia and weakness were observed after three weeks of treatment with prednisone 2 mg/kg/day. Diabetic ketoacidosis w...

This paper examines the many changes which have transformed the German system of corporate governance during the last seven odd years. It concludes that it is in the process of converging towards the Anglo-American system and that this has fundamentally affected the way strategic decisions are made in firms. Large, internationally oriented companies are particularly affected. But the notion of ...

Public economics usually emphasizes the task of “setting the framework conditions” for markets. In formulating such setting, however, research has to deal with imperfect markets, uncertainties, and unknown impacts of any regulatory reform. Against this background, the EU undertakes efforts towards ‘regulatory impact assessment’ and ‘sustainability impact assessment’. The following article deriv...