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The purpose of this paper is to examine corporate decision-making in Canada and to clarify the factors that, in the past, have sometimes led to less t...
The Canadian Disease?
Countries in which billionaire heirs' wealth is large relative to G.D.P. grow more slowly, show signs of more political rent-seeking, and spend less o...
Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist features disguise the profoundly un...
This paper explores what economists know about the economics of innovation. It identifies key empirical research on different aspects of what causes t...
An Empirical Analysis
China is now the world's largest destination of foreign direct investment (FDI), despite assessments highlighting its institutional deficiencies. But ...
This paper describes what economists know, suspect, and guess about the underlying determinants of innovation. It evaluates the evidence and points ou...