A Schumpeterian growth model is constructed for an economy where wages are determined by union-firm bargaining. It is shown that the economy is subject to cycles in which capital, output and employment vary in fixed proportion. These increase through saving and capital accumulation until a new technology is introduced, at which moment they fall sharply due to obsolescence of capital. The labour...

this question has always been put forward in the mind of curious people why some countries have developed termed in spite of very few natural resources and facilities while other countries have not developed in spite of having more suitable resources and facilities. various factors such as economy, culture, geography, etc. are perhaps a background to answer this question, but there is a more im...

This question has always been put forward in the mind of curious people why some countries have developed termed in spite of very few natural resources and facilities while other countries have not developed in spite of having more suitable resources and facilities. Various factors such as economy, culture, geography, etc. are perhaps a background to answer this question, but there is a more im...

The paper aimed to investigate the core and conditions of functioning creative corporations human capital.It is determined that are constituent parts industries which perform production products, capital one key factors innovation in such corporations. It outlined main potential corporation achieved by abilities employees as creativity, integration transformation their competencies skills accor...

The Research Institute of Applied Economics (IREA) in Barcelona was founded in 2005, as a research institute in applied economics. Three consolidated research groups make up the institute: AQR, RISK and GiM, and a large number of members are involved in the Institute. IREA focuses on four priority lines of investigation: (i) the quantitative study of regional and urban economic activity and ana...

A lacuna in the extant literature and our desire to contribute theoretical on how tax/subsidy policies can be used by regions attract creative class together provide motivation for this paper. The paper’s basic contribution is that it first theoretically analyze competition between two (1 2) mobile capital, key attribute possessed class. Both produce a final good using physical capital. In case...

We describe the results of an experiment capturing the face-to-face ‘honest signals’ of knowledge workers through sociometric badges. We find that collective creativity of teams is a function of the aggregated social capital of members. The higher it is, the higher their creative output. We collected communication data of 14 graduate students and their instructor during a one-week seminar, comp...