The author devises a simple way of incorporating the financial sector into a growth model that is pedagogically useful. Financial innovation raises the efficiency of financial intermediation by increasing the variety of financial products and services, resulting in improved matching of the needs of individual savers with those of firms raising…

Examines trends in labor and capital resources and the production of the information economy in Hungary, and compares them to trends experienced in other market-oriented countries. A model that considers regional differences in the demand, supply, and life cycle of goods is used to explain secular information sector changes. (Author/CLB)

Cooperative arrangements between academic institutions and industry are examined, with attention to linkages in high technology research and development (R&D), the commercial application of R&D (technology transfer), and the preparation and continuing development of scientific and engineering personnel. Incentives and barriers to campus/corporate…

Offices are places in which information is generated and processed. According to the classic theories of labor organization, human activities can be roughly divided into two main families: manual and intellectual. Each family can be broken down into three basic stages: planning, performance, and supervision. The families and basic stages can be…