There is an ongoing debate about the economic effects of individualism. We establish that individualism leads to better educational and labor market outcomes. Using data from largest international adult skill assessment, we identify by exploiting variation between migrants at origin country, language, person level. Migrants more individualistic cultures have higher cognitive skills larger gains...

Aspects of digital transformation as a part Industry 4.0 are analyzed. The sharing economy and platform development shown through historical retrospective. Characteristic features current changes in economic related to the global industrial Internet infrastructure, big data, cloud technologies, artificial intelligence noted. importance components social capital for construction horizontal netwo...

The article investigates the impact of venture capital investment and investment syndication on enterprise lifecycle and success using the exit history of venture capital backed companies in Australia. It is observed that the venture capital backed companies tend to outperform those which are not while companies receiving syndicated venture capital investment tend to outperform the other ventur...

The study was conducted to evaluate the impact of the global financial crisis on social capital formation in Malaysia in 2009. The results are based on data collected from survey of Malaysian low-income households carried out in January 2010. The study employed a multiplicity of econometric and statistical techniques to identify factors that influenced social capital declination, which appears ...

F years ago, the worst one could be called was a communist. Today, it likely is not flattering to be so referred to, but worse yet to be called a regulator. Regulators are found at all levels of government; one of the missions of government is, after all, to regulate for the greater good. But because opinions vary widely on just what is the “good” that is to be served, there is the Newtonian ef...

We use information on second-generation migrants to study the existence of a cultural component on the formation process of noncognitive skills and its effect on education and employment outcomes. Our measures of noncognitive skills include: personality traits that children are encouraged to learn and civic capital. Individuals whose cultural heritage places a lower value on child qualities pos...

Many analyses of urban phenomena in developing countries occur in an intellectual and urban policy bubble which ignores the impacts of global economic phenomena. “Urban conventional wisdom” ignores the role of global capital flows in urban capital formation in housing and infrastructure. This narrative neglects the central role of urban employment in the generation of urban incomes and liveliho...

We investigate the effects of interregional labor market integration on the dynamic interaction between migration and capital formation through changes in house prices. The nature of this interaction depends on initial conditions at the time of labor market integration. In an initially capital-poor economy, there may be a reversal of migration during the transition to the steady state, like obs...