Appendix C: Faculty Publication

From the beginning the ILR faculty devoted much of its time and effort to the preparation and publication of works covering a wide range of subject matter within the industrial and labor relations field. Some of the faculty output addressed the interests of their scholarly colleagues and students but much was directed to practitioners and the general public as well

Escaping Satiation in an Evolutionary Model of Structural Economic Dynamics

This paper presents the problem of satiation in relation to a model of evolutionary endogenous growth. The model represents an attempt to provide an evolutionary economic micro foundation to Pasinetti's scheme of the structural economic dynamics of a labour economy. Like this scheme the model deals with an economic system with a varying number of sectors, each of which is producing a consumption good. The goods are produced within consumer-producer firms which organise both production and consumption for their workers. Through innovative activities firms increase their productivity with respect to individual goods. The long-run consequence of this is that labour becomes available for the production of new consumption goods. If such goods are not provided to a sufficient degree, "technological unemployment" will emerge. If there is slow productivity development in the production of new goods, the overall rate of growth will slow down irrespectively of productivity growth in old sectors. Thus, to enhance long-term growth there is a need of "anticipatory R&D", i.e. R&D which produces designs for novel consumption goods and increases productivity in the production of these goods.Evolutionary modelling, endogenous growth and development, structural economic dynamics, satiation of demand, Robinson Crusoe.

Entrepreneurship: Can the Jack-of-All-Trades Attitude be Aquired?

Entrepreneurs are believed to be the ultimate engine of modern economic systems. Yet, the study ofentrepreneurship suffers from the lack of consensus on the most crucial question: what makes anentrepreneur? A recent theory developed by Edward Lazear suggests that individuals mastering abalanced set of talents across different fields, i.e. the Jacks-of-All-Trades (JATs), have a highprobability of becoming entrepreneurs. In this paper, I investigate whether the JAT Attitude is just aninnate ability or a skill that can be trained to enhance individuals' chances of becoming entrepreneurs.Using panel techniques, I show that changes in the spread of knowledge across different fields do notincrease the probability of becoming an entrepreneur. This suggests that, if the JAT Attitude mattersfor entrepreneurship, it is an innate and time-invariant individual attribute, rather than a skill that canbe acquired.Entrepreneurship, Occupational Choice, Skills

An Integrated Assessment of Water Markets: Australia, Chile, China, South Africa and the USA

The paper provides an integrated framework to assess water markets in terms of their institutional underpinnings and the three 'pillars' of integrated water resource management: economic efficiency, equity and environmental sustainability. This framework can be used: (1) to benchmark different water markets; (2) to track performance over time; and (3) to identify ways in which water markets might be adjusted by informed policy makers to achieve desired goals. The framework is used to identify strengths and limitations of water markets in: (1) Australia's Murray-Darling Basin; (2) Chile (in particular the Limarí Valley); (3) China (in particular, the North); (4) South Africa; and (5) the western United States. It identifies what water markets are currently able to contribute to integrated water resource management, what criteria underpin these markets, and which components of their performance may require further development

Labour regulation, corporate governance and varieties of capitalism

The literature aimed at exploring labor regulation and cross-country comparisons has left partly unexplored two major points: the first is the influence of employees within managerial processes, through the channel of employee representation at firm level. The second point concerns potential complementarities or substitutions between patterns of ownership or shareholder protection and labour regulation. The paper offers a critical overview of some selected studies that have started at filling these gaps by considering labour institutions for their influence on the ‘balance’ of power inside the firm, between owners, management, and employees. Firstly, it examines the literature which gives a central importance to the effects of legal origins on labour regulation and labour market outcomes. Secondly, it reviews the studies which focus on informal rules and de-facto practices and favour a stakeholder approach. A particular concern is paid to the overall consequences of the different institutional setups in the perspective of the “varieties of capitalism”, in which systems of labour regulation exert their function by strategical interactions with other institutions. Finally, it presents recent theoretical and empirical studies centring on employee investments in firm-specific human capital and on institutional devices which have the effect of tying the fortunes of the employee together with those of the firm. In the varieties of capitalism characterised by general skills and patterns of radical innovation, it is emphasized the internal governance exerted by ‘critical employees’. In economies with firm and industry specific skills, cooperation of employees with management in more shareholder value oriented firm (‘negotiated shareholder system’) are the more successful roads.Stakeholders, Corporate Governance, Varieties of Capitalism.

Dynamics and constraints of state-led global city formation in emerging economies: The case of Shanghai

This article seeks to contribute to a better understanding of the role of the state in influencing the formation of global cities in emerging economies, and highlights the complexity of this role due to challenging external environment, divergent interests of the state actors, and the socio-economic and institutional constraints that these actors are under. At an empirical level, it examines the progress of Shanghai in its state-led development as an emerging global city and the respective roles of the nationalcentral and local states in this process

Does Patenting negatively impact on R&D investment?An international panel data assessment

Although the conventional R&D-patents relationship is a long stand and relatively undisputed issue within the innovation literature, the reverse causality, in particular, the potential for a negative impact of patents over R&D has only recently received wide attention boosting interesting (mainly) theoretical debates. The macroeconomic perspective on this issue, however, remains largely unexplored. In fact, no evidence exists that ruled out the possibility of asymmetric effects of patents on R&D in accordance to the level of GDP in general, and to ‘convergence clubs’ in particular. Using panel data estimation methods on a sample of 88 countries, over an eight-year period (1996-2003), and controlling for clubs of convergence to account for differences on countries’ stages of economic development, we found mix support to the negativity of patent on R&D investment. The accumulated patents positively impact on R&D intensity for the set of less developed countries whereas no statistically significant effect emerges in the case of higher developed converge clubs; restricting the highest developed convergence club down to countries with a R&D intensity above 3%, the negativity reverse causality arises, corroborating the asymmetric impact of patents on R&D investment. We further demonstrate that albeit causality appears to be stronger in the most intuitive appealing traditional direction, evidence supports the theoretical conveyed double causality between R&D and Patent.Patents; R&D; panel data; convergence clubs

Ending Extreme Poverty and Sharing Prosperity: Progress and Policies

To guide its work toward a "world free of poverty," the World Bank Group in 2013 established two clear goals: end extreme poverty by 2030 and promote shared prosperity. Along with the requirement to pursue these goals sustainably -- economically, environmentally, and socially -- the two goals are comprehensive in nature. They are fully aligned to support the Sustainable Development Goals (SDGs) set by the United Nations to replace the Millennium Development Goals (MDGs). To evaluate progress, the two goals are measured by two overall indicators: a reduction in the global headcount ratio of extreme poverty (the population share of those whose income is below the international poverty line) to 3 percent by 2030, and the promotion of income growth in the bottom 40 (B40) percent of the population in each country.This Policy Research Note updates the assessment of progress toward these two goals in a sustainable manner. The poverty goal is examined through three lenses: the evolution of income poverty based on the new international poverty line that has been re-estimated at $1.90 a day; an assessment of person-equivalent income poverty, a new intuitive indicator that combines the incidence with the depth of poverty; and a review of the breadth of poverty, recognizing that income shortfalls often coexist with multiple non-income deprivations. The shared prosperity goal is examined on the basis of the latest comparison of (comparable) household data on B40 income growth. As part of its analysis of the two goals, this note also comments on the status of defining and monitoring sustainability in its economic, environmental and social aspects