Modelling creative innovation (2010)
Journal Article
Ormerod, P., & Bentley, R. A. (2010). Modelling creative innovation. Cultural Science Journal, 3(1),

The economic concept of rationality seems inappropriate in the context of creative innovation, because of its assumption that the tastes and preferences of agents are fixed. The concept of copying, of imitating the behaviour of others, has equal clai... Read More about Modelling creative innovation.

Parliament and the Process of Democratization in the Islamic Republic of Iran (2010)
Book
Pedram, A. (2010). Parliament and the Process of Democratization in the Islamic Republic of Iran. Ithaca

The quest for democracy has become a compelling issue in many developing countries in recent years, and Iran is no exception to this. However, many argue that democracy is unlikely to emerge in Iran in the near future, and base this assumption on the... Read More about Parliament and the Process of Democratization in the Islamic Republic of Iran.

Imperfectly-credible disinflation of small inflations (2010)
Preprint / Working Paper
Evans, L., & Nicolae, A. (2010). Imperfectly-credible disinflation of small inflations

In this paper we study and quantify the e¤ects of a disinflationary policyon output and welfare. Our focus is the policy question of the optimal response to low inflation.The analysis takes place in the context of a DSGEmodel with sticky prices, time... Read More about Imperfectly-credible disinflation of small inflations.

Privately provided public goods in a dynamic economy (2010)
Preprint / Working Paper
Marsiliani, L., & Renstroem, T. (2010). Privately provided public goods in a dynamic economy

We show that when individuals can save (accumulate capital), they all eventually becomepublic-good contributors. In steady state, larger economies have more contributors. If thepublic good is normal, then its quantity increases in population size in... Read More about Privately provided public goods in a dynamic economy.

Investment and financing constraints in China : does working capital management make a difference ? (2010)
Preprint / Working Paper
Ding, S., Guariglia, A., & Knight, J. (2010). Investment and financing constraints in China : does working capital management make a difference ?

We use a panel of over 120,000 Chinese firms of different ownership types over the period2000-2007 to analyze the linkages between investment in fixed and working capital andfinancing constraints. We find that those firms characterized by high workin... Read More about Investment and financing constraints in China : does working capital management make a difference ?.

Negative investment in China : financing constraints and restructuring versus growth (2010)
Preprint / Working Paper
Ding, S., Guariglia, A., & Knight, J. (2010). Negative investment in China : financing constraints and restructuring versus growth

This paper attempts to address a puzzle in China’s investment pattern: despite high aggregateinvestment and remarkable economic growth, negative net investment is commonly found at themicroeconomic level. Using a large firm-level dataset, we test thr... Read More about Negative investment in China : financing constraints and restructuring versus growth.

Does China overinvest ? evidence from a panel of Chinese firms (2010)
Preprint / Working Paper
Ding, S., Guariglia, A., & Knight, J. (2010). Does China overinvest ? evidence from a panel of Chinese firms

This paper addresses the hotly-debated question: do Chinese firms overinvest? A firm-level dataset of 100,000 firms over the period of 2000-07 is employed for this purpose. We initially calculatemeasures of investment efficiency, which is typically n... Read More about Does China overinvest ? evidence from a panel of Chinese firms.

Optimal taxation, critical-level utilitarianism and economic growth (2010)
Preprint / Working Paper
Spataro, L., & Renstroem, T. (2010). Optimal taxation, critical-level utilitarianism and economic growth

In this work we analyze the issue of taxation in an intertemporal economywith endogenous fertility under critical-level utilitarianism, both from apositive and normative standpoint. On the positive side we analyse theeffects of a change in the tax on... Read More about Optimal taxation, critical-level utilitarianism and economic growth.

An experimental study of the nature of consumer expectations (2010)
Preprint / Working Paper
Bolger, F. (2010). An experimental study of the nature of consumer expectations

Although important both theoretically and practically, the nature of consumer economicexpectation formation has been little studied, particularly by psychologists. The mostrelevant previous research suggests that expectations are based on a heuristic... Read More about An experimental study of the nature of consumer expectations.