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What determines the decision of an inventor to seek patent protection in a foreign jurisdiction, particularly one where intellectual property rights protection is weak? This paper focuses on competition as a determinant of the patenting decision in the context of the recent foreign patenting surge in China. Using a database that comprises of all patents(More)
where we received valuable comments from several participants and from our discussant Chris Carroll. We are also grateful for detailed and useful comments from three anonymous referees and an editor. The main aim of this paper is to provide an exhaustive and careful descriptive analysis of the correlations among saving, investment and growth rates. We want(More)
Standard cross-national measures of corruption are assembled through surveys. We propose a novel alternative objective measure that consists of the difference between a measure of the physical quantities of public infrastructure and the cumulative price government pays for public capital stocks. Where the difference is larger between the monies spent and(More)
I propose a quantitative methodology to analyze the economic impact of e-government based on structural modeling, allowing for a careful description of the underlying theoretical assumptions and for an assessment of different policy scenarios. The transparent relation between the theory and the results obtained is an advantage with respect to purely(More)
Measuring the Internet-the size of its infrastructure, how many people use it, and their prevalent uses-is of obvious interest. However, the wealth of available quantitative information regarding the Internet so far has fallen short of satisfying the many needs that it would fulfill. We set the problem of measuring the Internet into a framework that allows(More)
In this paper we use the unit root test at both individual company (Dickey-Fuller) and panel (Im-Pesaran-Shin) level, in order to provide some quantitative evidence of the univariate behaviour of Italian companies' debt-ratio. If it is mean-reverting, then at least a share of companies are going to behave according to the trade-off model, whereas if it is(More)
We analyze the price structure of sequential auctions of modern and contemporary art that took place in Italy during the period 1983-96. Contrary to previous empirical studies, we do not find any " afternoon " effect-i.e., a decline of auction prices relative to their estimates. If anything, we find the opposite, or " morning " , effect. Our results are(More)
Measuring the Internet-the size of its infrastructure, how many people use it, and their prevalent uses-is of obvious interest. However, the wealth of available quantitative information regarding the Internet so far has fallen short of satisfying the many needs that it would fulfill. In this paper we set the problem of measuring the Internet into a broad(More)