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AbstractThe roles of human and social capital in fostering societal stability and progress are analyzed here in the basis of a series of empirical studies in the Asian region, each illuminating a separate aspect of the overall question: how does culture play a part in the socio-political economy? The studies cover the response of people in the Indonesian tourism industry to radical market changes; the impact of western-inspired management tools on workers in the Thai and Vietnamese industrial complexes; the ways in which credentials play a part in regional professional networking; the impact of worsening environment threats from flooding on workforce location and organizing; the not-always-benign workings of regional business networks of personal reciprocity; and the managerial ideology of many Indonesian companies. Human and social capital are illustrated here as largely invisible but still significant catalysts in the complex dynamics of countries striving to establish their own formulae for prosperity. 相似文献
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Specialization dynamics 总被引：5，自引：0，他引：5
Stephen Redding 《Journal of International Economics》2002,58(2):299-334
This paper proposes a new empirical framework for analyzing specialization dynamics. A country’s pattern of specialization is viewed as a distribution across sectors, and statistical techniques for analyzing the evolution of this entire distribution are employed. The empirical framework is implemented using data on 20 industries in seven OECD countries since 1970. We find substantial mobility in patterns of specialization. Over time horizons of 5 years, this is largely explained by forces common across countries, including world prices and common changes in technical efficiency. Over longer time horizons, country-specific changes in factor endowments become more important. There is no evidence of an increase in countries’ overall degree of specialization. 相似文献
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Peter Redding 《International Journal of Consumer Studies》2005,29(5):409-417
Students within higher education are increasingly referred to as customers. And there have been increasing pressures for academics to respond to them as such. Universities, especially their management, have been adopting the vocabulary of quality management systems that may be more commonplace in industry. In recent decades, there has been a fierce debate among academics as to whether this approach is appropriate in the academic sector, and whether students are customers, consumers, clients, etc. This paper explores the debate and the central ideas that have informed it. Despite the largely semantic debate over the definition of customers, universities have attempted to empower the multiple stakeholders, using a variety of tools. The paper goes on to discuss how the nature of students is evolving with the move toward widening access, and how the concepts and tools surrounding quality systems must also evolve. 相似文献
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This paper analyses productivity growth in a panel of 14 United Kingdom manufacturing industries since 1970. Innovation and technology transfer provide two potential sources of productivity growth for a country behind the technological frontier. We examine the roles played by research and development (R&D), international trade, and human capital in stimulating each source of productivity growth. Technology transfer is statistically significant and quantitatively important. While R&D raises rates of innovation, international trade enhances the speed of technology transfer. Human capital primarily affects output through private rates of return (captured in our index of labour quality) rather than measured TFP. 相似文献
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Dynamic comparative advantage and the welfare effects of trade 总被引：24，自引：0，他引：24
Developing economies may face a trade-off between specializingaccording to existing comparative advantage (in low-technologygoods), and entering sectors in which they currently lack acomparative advantage, but may acquire such an advantage inthe future as a result of the potential for productivity growth(in high-technology goods). Comparative advantage is endogenouslydetermined by past technological change, while simultaneouslyshaping current rates of innovation. Hence, specialization accordingto current comparative advantage under free trade may be welfarereducing. Selective intervention may be welfare improving, bothfor the economy undertaking it, and for its trade partner. 相似文献
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Rachel Griffith Stephen Redding John Van Reenen 《The Scandinavian journal of economics》2003,105(1):99-118
This paper presents a single unified framework that integrates the theoretical literature on Schumpeterian endogenous growth and major strands of the empirical literature on R&D, productivity growth and productivity convergence. Starting from a structural model of endogenous growth following Aghion and Howitt (1992, 1998) , we provide microeconomic foundations for the reduced‐form equations for total factor productivity (TFP) growth frequently estimated empirically using industry‐level data. R&D affects both innovation and the assimilation of others’ discoveries (“absorptive capacity”). Long‐run cross‐country differences in productivity emerge endogenously, and the analysis implies that many existing studies underestimate R&D's social rate of return by neglecting absorptive capacity. 相似文献
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Lee S. Redding 《Journal of Economic Policy Reform》2013,16(3):235-246
Abstract This paper considers implementation issues arising from potential reforms to the United States Social Security system. Many reform proposals involve individually invested accounts, but the corporate governance implications of such accounts have not been fully explored. Existing reform plans will result in a large fraction of votes being concentrated at one private fund manager. The implications for corporate governance and debt management under alternative fund management strategies are evaluated. The use of futures to construct synthetic investments could alleviate corporate governance and debt management problems. 相似文献
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This paper investigates the economic impact of the government's proposed new UK R&D tax credit. We measure the benefit of the credit by the effect on value added in the short and long runs. This is simulated from existing econometric estimates of the tax‐price elasticity of research and development (R&D) and the effect of R&D on productivity. For the latter, we allow R&D to have an effect on technology transfer (catching up with the technological frontier) as well as innovation (pushing the frontier forward). We then compare the increase in value added to the likely exchequer costs of the programme under a number of scenarios. In the long run, the increase in GDP far outweighs the costs of the tax credit. The short‐run effect is far smaller, with value added only exceeding cost if R&D grows at or below the rate of inflation. 相似文献