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It is generally understood that during periods of economic hardship, some persons turn to crime to compensate for income deficiencies. The paper investigates the impact of economic misery on crime. The purpose of this paper is to provide insight into the relationship between economic conditions and economic misery.

An index of misery is employed that takes into account not only the rate of unemployment, but also the rate of inflation. The non-linearity of the relationship between economic misery and crime is modelled using Markov-switching (MS) models and the synchronization of their cycles is measured via the concordance index.

The paper looked at the relationship between economic misery and five types of crime: property crime, theft from motor, theft of motor, fraud and robbery. No evidence of a contemporaneous relationship between economic misery and crime was uncovered. Property and theft of motor crime respond to the state of misery with a lag of one period, supporting the criminal motivation effect. Economic misery is in the same regime as property crime 50 per cent of the time and with theft from motor crime almost 60 per cent of the time.

Most of the theoretical and empirical work is based on larger economies. The paper provides some insight into the relationship between economic conditions and economic misery in developing microstates, a niche which has been largely ignored in the literature. The use of MS models in the paper deviates from the tradition of examining linear relationships on the basis that the variables under investigation are inherently cyclical and linear analysis is likely to provide a weak fit under these circumstances.

Investment in human development is considered a means of improving the quality of life and sustaining economic growth in the Caribbean. The purpose of this paper is to assess the efficacy of public spending on health care and education by evaluating the life expectancy and school enrolment rates of these countries.

Using a data set containing 19 Caribbean countries over the period 1995 to 2007 for health care and 1980 to 2009 for education, a Panel Ordinary Least Squares model was employed.

The results revealed that health expenditure has a significant positive effect on health status, while spending on education has no appreciable influence on either primary or secondary school enrolment.

Unlike previous Caribbean research, the paper explores a variable for quality in the education system, that is, the pupil‐teacher ratio. It also seeks to update the existing Caribbean literature by employing data from 1980 to 2009.

We examine the origins, acceptance, and spread of academic entrepreneurship in the biomedical field at Stanford, a university that championed efforts at translating basic science into commercial application. With multiple data sources from 1970 to 2000, we analyze how entrepreneurship became institutionalized, stressing the distinction between factors that promoted such activity and those that sustained it. We address individual attributes, work contexts, and research networks, discerning the multiple influences that supported the commercialization of basic research and contributed to a new academic identity. We demonstrate how entrepreneurship expands from an uncommon undertaking to a venerated practice.

Academic entrepreneurship (defined in this case as the involvement of university faculty and researchers in commercial development of their inventions) has been a unique characteristic of the U.S. higher education system for most of the past 100 years. This long history of interaction, as well as academic patenting and licensing, contributed to the formation of the political coalitions that led to the passage of the Bayh-Dole Act in 1980. This paper reviews the evidence on university–industry interactions and technology transfer, focusing in particular on the role of the Bayh-Dole Act in (allegedly) transforming this relationship. I also examine recent research that considers the Act's effects on the formation of new, knowledge-based firms that seek to exploit university inventions. This research is in its infancy, and much remains to be done if we are to better understand the relationships among high-technology entrepreneurship, the foundation of new firms, and the patenting and licensing activities of U.S. universities before and after 1980.

University business incubators (UBIs) are born as tools of the academic world to market research results, for the transfer of technology and to promote entrepreneurial spirit. In these contexts, the exchange of knowledge among entrepreneurs can be a key variable for the development and success of their businesses. This paper aims to analyse the characteristics of entrepreneurs' resources and the institutional logic that prevails in the incubator as determinants of the exchange of knowledge, and the authors examine the results in terms of entrepreneurial commitment and the generation of innovations.

The empirical study carried out on a sample of 101 entrepreneurs in UBIs in Spain and The Netherlands.

The results reveals how complementarity, supplementarity and transferability of resources, as well as incubator predisposition towards business are fundamental for the exchange of knowledge, the development of entrepreneurial spirit and the generation of innovation.

This study makes a contribution towards an understanding of how relationships between university entrepreneurs provide access to and help create useful knowledge for the parties, with this resource constituting one possible source of sustainable competitive advantage.

The commercialization of innovation, which is key to entrepreneurial success, is a combination of several entrepreneurial activities. Building on research from fields of management, strategy, entrepreneurship, economics, and marketing, the paper summarized the extant literature to develop a framework of commercialization and an agenda for future research. The paper aims to discuss these issues.

Extensive review of literature, which was comprised of 194 articles across 62 journals in the fields of management, strategy, entrepreneurship, economics, and marketing.

The literature was categorized into six broad themes of entrepreneurial activities: sources of innovations, types of innovation, market entry (capabilities and feasibility), protection, development, and deployment. Most of the research papers that were reviewed were concentrated on single theme.

Given the identification of six key themes of entrepreneurial activity leading to the commercialization of innovations, research questions were posed as a means to move the research forward by integrating the themes.

This is the first paper in its kind to integrate 194 papers from 62 journals to provide a comprehensive framework of commercialization of innovations.

We conjecture that there are five stages to academic entrepreneurship: motivation, governance, selection, competition, and performance. The process of academic entrepreneurship originates with the motivation of faculty, universities, industry, and government to commercialize knowledge that originates within the university setting. The model conceptualizes that the governance and competitiveness of the commercialized knowledge moderate the mode selection and ultimately the performance of academic entrepreneurship. The conceptual and empirical support for the model are derived from a theory-driven synthesis of articles related to academic entrepreneurship.

International work integrated learning (iWIL) placements for university students are widely promoted within universities. However, they cannot be offered and sustained without a great deal of time and effort; most commonly the responsibility of an assigned university facilitator. Preparation and support are essential for a positive student experience and iWIL outcome. However, not all experiences and outcomes are positive, or predictable.

Personal vignettes of university iWIL facilitators are used to create a collaborative autoethnography (CAE) of experiences and outcomes where placements have been affected by unexpected or unprecedented “critical incidents” and the impact incurred on these academics. The vignettes are analyzed according to the Pitard (2016) six-step structural analysis model.

Analysis of the vignettes identifies a resulting workload cost, emotional labor and effect on staff wellbeing. Due to the responsibility and expectations of the position, these incidents placed the university iWIL facilitator in a position of vulnerability, stress, added workload and emotional labor that cannot be compared to other academic teaching roles.

It is intended through the use of “real life” stories presented in the vignettes, to elicit consideration and recognition of the role of the iWIL facilitator when dealing with “the negatives” and “bring to light” management and support strategies needed.

Research is scant on iWIL supervisor experience and management of “critical incidents”, therefore this paper adds to the literature in an area previously overlooked.

The concept of entrepreneurship is not new. As a concept, it remains elusive, diverse and multi-faceted. Although there is an extensive body of research within the field, there is little consensus on what underpins entrepreneurship, and whether it should remain a distinct domain of study.

This chapter contributes to the literature on entrepreneurship in developing economies. The study seeks to uncover the challenges facing entrepreneurs in a developing economy using the formal retail sector in Nigeria as a case.

Entrepreneurship in the retail sector of a developing economy has not been given significant attention by researchers despite its uniqueness and dynamism. By adopting a qualitative approach involving semi-structured interviews of 51 respondents, the lived experiences of these entrepreneurs were understood. Given the challenges such entrepreneurs face in a developing economy, this study makes a contribution, as the challenges such retail entrepreneurs face namely, challenges within the industry, government policy inconsistencies and corruption, infrastructural deficit and technology deficit were identified. In practice, the findings of this study serve as a useful reference for practitioners and policy-makers of the challenges that need to be addressed for entrepreneurship to flourish in Nigeria.

The link between social interaction and entrepreneurial activity has attracted considerable attention in the entrepreneurship literature. In this study, we focus on individual cultural values, shaped by interactions in the social space, as they relate to opportunity evaluation, a cornerstone of the entrepreneurial process. We test our predictions in India, a non-Western society that has sustained one of the highest rates of entrepreneurial activity in the world. Our findings suggest that value orientation of high power distance is negatively associated with opportunity evaluation whereas uncertainty avoidance, collectivism, and femininity are positively associated with opportunity evaluation.