When describing the determinants of economic or social outcomes, economists often focus on cognitive skill. Failure to take into account other dimensions of skill may misguide policy design. In this paper, we analyse the consequences and determinants of cognitive and non-cognitive (social) skills at age 7, using data for Great Britain from the National Child Development Study. We find that an o...

The nature and economic role of legally constituted firms varies between market economies and changes over time. In particular, the governance of leading firms and how they develop distinctive organisational capabilities vary between institutional regimes and their supporting political-economic coalitions. These characteristics can be combined to distinguish five ideal types of firms that domin...

Health monitoring of world economy is an important issue, especially in a time of profound economic difficulty world-wide. The most important aspect of health monitoring is to accurately predict economic downturns. To gain insights into how economic crises develop, we present two metrics, positive and negative income entropy and distribution analysis, to analyze the collective "spatial" and tem...

OBJECTIVES To examine the factor structure and to evaluate the longitudinal measurement invariance of the demand-control-support questionnaire (DCSQ), using the Swedish Longitudinal Occupational Survey of Health (SLOSH). METHODS A confirmatory factor analysis (CFA) and multi-group confirmatory factor analysis (MGCFA) models within the framework of structural equation modeling (SEM) have been ...

Western scientists and development officials are often discomfited by the fact that farmers in the developing world rarely behave like the independent actors of neoclassical economics. Instead, farmers appear to be enmeshed in a social fabric, and their decisions often seem unduly guided by social factors such as customs, obligations, and beliefs. It is not surprising that many outsiders regard...

Using the dollar-value that a mutual fund adds as the measure of skill, we find that the average mutual fund adds about $2 million per year and that this skill persists for as long as 10 years. We further document that investors recognize this skill and reward it by investing more capital with better funds. Better funds earn higher aggregate fees, and there is a strong positive correlation betw...

For sustainable economic development, a continuous and successful transformation is critical, supporting requires better understanding of the close interaction between technology skill at micro- macro-levels. The technology-skill links should especially be important in today’s globalized world. This paper develops large-scale global Computable General Equilibrium (CGE) model by incorporating re...