economic development
When cities, counties or states offer large tax breaks to attract factories, corporate headquarters and other major facilities, the economic benefits may extend beyond the…
How inward foreign direct investment shapes patterns of new venture creation
Inward foreign direct investment (IFDI) is widely regarded as an essential driver of local economic development, particularly through its potential to stimulate entrepreneurial activity. Existing…
Paying for a warming world: climate change and lost income
For many years, economists have mainly treated climate change as a future problem, focusing on how it might affect incomes and growth decades from now.…
Environmental justice and economic divides: a shared challenge
Governments across the globe are increasingly confronted with two pressing challenges: environmental degradation and the persistence of economic inequality. While each has long been the…
Between Diffusion and Bottlenecks: Modelling the French Labour Market through Statistical Physics
How long have you been doing your current job? Have you ever wondered whether it might be time for a change—perhaps even a bold leap…
Machine Learning Algorithm Enhances Property Valuation, Benefits Market
Housing often forms a substantial component of household wealth. Despite its critical importance, accurately measuring property value has historically posed significant challenges. Recent research highlights…
Study Reveals Chinese Contractors Encounter Increased Challenges in Democratic Nations under Belt and Road Initiative
Chinese construction and engineering contractors engaged in the Belt and Road Initiative (BRI) are confronting substantial challenges in democratic countries, as revealed by recent research.…
Uniform Wealth Distribution Negatively Impacts the Climate
The United Nations and several Nobel Prize winners have suggested that political and economic inequality contributes significantly to high carbon emissions. They argue that societies…
Improving Poverty Mapping: A New Machine-Learning Method for More Efficient Aid Distribution
Researchers from Cornell University have pioneered a new machine-learning method for mapping poverty. This method could significantly enhance the ability of policymakers and non-governmental organisations…
Increasing Salaries Propel Advances in Automation Tech
Is increasing wage pressure a catalyst for automation? Economic theory posits that it is. As wages rise, innovation in automation technology gains momentum, driven by…
Strengthening Shareholder Oversight: Insights from Corporate Governance Changes in Japan
Shareholders play a vital role in corporate governance by casting votes on crucial decisions within the companies they invest in. To enhance transparency and accountability,…
The Fridge as a Symbol of Improved Living
To appreciate the extent of a nation’s development, one must consider the items found in its households, argue economists Rutger Schilpzand and Jeroen Smits from…