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This paper surveys the empirical literature on the links between innovation, market structure and firm size. The review shows that there is little evidence in support of the Schumpeterian hypothesis that market power and large firms stimulate innovations: R&D spending seems to rise more or less proportionally with firm size after a certain threshold level has been passed, and there is little evidence of a positive relationship between R&D intensity and concentration in general. However, positive linkages between concentration/size and innovative activity can occur when certain conditions are met, including high sunk costs per individual project, economies of scale and scope in the production of innovation rents. Recent empirical work suggests that R&D intensity and market structure are jointly determined by technology, the characteristics of demand, the institutional framework, strategic interaction and chance ...
For a long time European Economic and Monetary Union was mainly considered an internal European issue and external consequences were largely ignored. In contrast to most previous analyses, this paper looks at a number of international implications of monetary union. It is argued that several factors could contribute to the euro becoming an international currency in the future and a competitor to the US dollar in this respect. The degree of uncertainty attached to this outcome, however, remains considerable and in any event the emergence of the euro as a major international currency is likely to take some time. Given the expected size of the euro-zone and the likelihood of the euro becoming an international currency, fiscal and monetary policies in the area are likely to have a significant impact on the macroeconomic environment in the rest of the world. An important issue is how will monetary union affect major bilateral exchange rate developments and their volatility. A number of ...
In recent years there has been a growing recognition of the importance of international recruitment and movement of the highly skilled. Modern industries and services increasingly rely upon the acquisition, deployment and use of human expertise to add value in their operations. When this expertise is not available locally, employers frequently import it from abroad. This takes place in the context of two fundamental and interrelated processes: the development of internal labour markets by employers, on the one hand, and of the institutional framework by governments to facilitate the global interchange of skills, on the other.
The principal flows of highly skilled workers today reflect the global expansion of world trade, the international expansion of trans-national corporations, and the activities of institutions such as governments and recruitment agencies. Although not straightforward, there appears for example to be a positive relationship between flows of skilled labour and ...
The signature of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement), which entered into force on 1st January, 1995, marked a turning point in efforts to strengthen and extend intellectual property protection. Under the terms of the Agreement, many developing countries are now committed to extending the scope of intellectual property rights to areas not formerly covered, such as micro-organisms, plant genetic material and techniques used for genetic manipulation. While the likely impact of strengthening intellectual property protection is a subject of intense debate and, indeed, has been at the forefront of preoccupations related to environmental degradation and the need to protect biodiversity, it is poorly researched.
This paper reviews the different forms and scope of intellectual property rights relevant to technology transfer in agriculture; reviews the commitments made by developing countries under the TRIPS agreement and the alternatives ...
This working paper presents evidence on changes in income distribution and poverty in thirteen OECD countries over the two decades up to the first half of the 1990s. While country experience has been variable, income and poverty rose in most countries. Both earnings and capital and self employment incomes contributed to these developments, partly offset by an increase in the importance of (progressive) taxes and transfers in total income. Increases in the share of no-worker households appears to have contributed to widening income distribution. Transfers appear to be relatively evenly spread across income groups in a number of countries, reflecting the weight of age-related transfers. An analysis of average incomes and poverty by household type, suggests that the retirement-age population has tended to do better, while younger households and households with children have become less well off and poverty has tended to shift from the old to the young. This mainly reflects ...
This document, based on country surveys carried out by the OECD, compares the experiences of OECD countries in dealing with confidentiality constraints in an effort to meet the demand for policy-relevant analysis using micro-data. It shows that countries have made significant efforts to implement confidentiality rules and practices which balance increasing demands for microdata for policy analysis with the protection of confidential information on individual firms or establishments. Country-specific descriptions of data sources for micro datasets, the legal framework, and conditions for access to and use of data are provided for Australia, Canada, the Czech Republic, Denmark, Finland, France, Germany, Italy, Japan, the Netherlands, Norway, Switzerland, the United Kingdom and the United States ...
Over the past decades, the majority of information and communication technology (ICT) products have undergone rapid technical change. To the extent that such technical progress benefits consumers and users, quality improvements should be reflected in official price and quantity indices. When this is not the case, there is a tendency to overestimate price movements and underestimate volume changes of ICT products. All statistical offices deal with this issue, but the degree and nature of quality adjustment of price indices of ICT products varies considerably across OECD countries. The present work does not venture to determine “best practice” for quality adjustment in statistical offices. However, it simulates measurement effects on key economic variables (real output, private final consumption, government expenditure, investment, exports and imports), and productivity, under the assumption that the price indices of ICT products are fully quality-adjusted. The paper draws on ...
This Technical Paper analyses the main policy issues raised by regulatory reform in air transport in sub–Saharan Africa. Its basic premise is that improving air infrastructure is of paramount importance for the region as it tries to integrate more thoroughly into the world economy. On the basis of the experience of OECD countries with privatisation, liberalisation, and regulatory design, the author analyses progress being made in sub– Saharan Africa and identifies three important case studies: the restructuring of the regional airline of Francophone Western Africa, the sell–off of the state–owned airline of Kenya, and the overall reform process in South Africa, by far the largest market in the sub–continent.
The analysis highlights the importance of regional dynamics in the upgrading of the air transport industry in developing and emerging areas. Sub–Saharan Africa has made smaller progress in this respect than, for instance, Central America. As the start of the Millenium Round and ...
Reports on trends in international direct investment tend to focus on recent developments. While such information is clearly of most relevance for policymakers and others interested in the pace and scale of globalisation, it fails to provide any perspective on the nature of globalisation itself. By their nature, recent developments give more weight to the cyclical element in global investment flows. A country’s performance in terms of annual inflows is often taken as a measure of the appropriateness of its policies and, by extension, of its relative attractiveness as a location for investment. Such important issues can only be assessed over a long time period and relying on more sources of information than simply flows of foreign direct investment (FDI). This study focuses on such long-term trends and includes, where appropriate, other estimates of multinational activity.
By focusing on long-term patterns, this paper demonstrates how FDI has evolved from an activity largely ...
This paper reviews recent trends in international strategic alliances, which have grown more than fivefold between 1989 and 1999 paralleling the increase in cross-border mergers and acquisitions (M&As). The paper covers frequency, type, purpose and geographical patterns of international alliances during the 1990s as an important aspect of industrial globalisation and analyses sectoral trends in industries such as telecommunications, pharmaceuticals, automobiles and airlines. While international alliances provide firms with strategic flexibility, enabling them to respond to changing market conditions, they can also be effective paths for achieving global scale in enterprise operations along with M&As and greenfield investment. Driving forces behind international strategic alliances include cost economising in production and R&D, strengthening market presence, and accessing intangible assets. The paper presents the recent and comprehensive data available on strategic alliances and ...