“Sustainable prosperity” denotes an economy that generates stable and equitable growth for a large and growing middle class. From the 1940s into the 1970s, the United States appeared to be on a trajectory of sustainable prosperity, especially for white-male members of the U.S. labor force....

Publication productivity, as measured by the number of papers, has been regarded as one of the main indicators of reputation of countries and institutions. Nevertheless, the relationship among research publications, economic growth and World Wide Web in ASEAN countries is still unclear. The main...

Using panel data for nearly all service providers in a single industry sector, we examine productivity responses to changes in competition in the United States. The sector offers workplace employee representation through trade union branches which compete with one another for union members whose...

Using panel data for nearly all service providers in a single industry sector, we examine productivity responses to changes in competition in the United States. The sector offers workplace employee representation through trade union branches which compete with one another for union members whose...

The shale gas revolution has fundamentally transformed energy markets domestically and abroad. Rising production has led to falling gas and oil prices in the U.S., while Europe, in contrast, is paying four to five times more for its natural gas and becoming one of the biggest importers of U.S....

The complementarity between investment in machinery and equipment (M&E) with IT and organizational changes for firm productivity growth is studied in this paper. In order to investigate whether this complementarity is a general phenomenon or rather relates to specific sectors, it is necessary to...

Employment growth is strongly predicted by smaller average establishment size, both across cities and across industries within cities, but there is little consensus on why this relationship exists. Traditional economic explanations emphasize factors that reduce entry costs or raise...

This paper explores mechanisms through which a party's choice of governance mode for a focal transaction is constrained by the governance choices it made for other, prior transactions. We argue that this condition of "governance inseparability" plays an important role in determining the...

We develop a model of entrepreneurial innovation for entry and sale into oligopoliessuitable for welfare analysis. We show that the expected consumer welfare can be higherunder commercialization by sale than under commercialization by entry despite increasedmarket power in the product market....