Indexing inventors: the 'sources of investion' revisited

Article Abstract:

Inventors who have strong career patent histories have a higher probability of being linked to organized research, according to a study using a model that implies there is a greater incentive for the most inventive to become involved in organized research. The study uses the hypothesis that it is difficult to make a profit from basic knowledge, and this is an incentive for researchers to set up such organizations. The contractual choice of researchers thus has an impact on the amount of research done.

Commercial nonphysical research, Research, Inventions, Technological innovations

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Labor market institutions, liquidity constraints, and macroeconomic stability

Article Abstract:

Economic stability depends on the extent to which workers experience income fluctuations. When workers are liquidity constrained, the reaction of the economy to exogenous expenditure shocks is inversely related to the extent to which capitalists bear fluctuations in income. Such findings were derived from a theoretical model on economic stability in relation to labor.

Models, Analysis, Labor market, Liquidity (Finance), Macroeconomics, Economic stabilization

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