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A Schumpeterian Analysis of Deficit-Financed Dividend Tax Cuts

Peretto, Pietro F. - 2008

I propose a Schumpeterian analysis of the growth and welfare effects of a deficit-financed cut of the tax rate on distributed dividends. I find that income per capita growth initially accelerates and then decelerates, eventually converging to a long-run value lower than the starting one....

Persistent link: https://www.econbiz.de/10012723109

Foreign Direct Investment and Productivity Growth : A Survey of Theory

Ferrett, Ben - 2005

This paper analyses several theoretical perspectives on the relationship between foreign direct investment (FDI) flows and 'productivity growth', interpreted as growth in total factor productivity (TFP). We begin with general equilibrium models. An open economy version of Solow's famous (1956)...

Persistent link: https://www.econbiz.de/10012736471

The Welfare Consequences of Irrational Exuberance : Stock Market Booms, Research Investment, and Productivity

Jerzmanowski, Michal - 2007

This paper studies the effects of stock market valuation on research investment, the rate of innovation and welfare. In … and raise the economy-wide investment in Ramp;D and the rate of innovation. If the decentralized equilibrium rate of … innovation is inefficiently low, then such episodes may lead to an increase in aggregate welfare even if the higher valuation is …

Persistent link: https://www.econbiz.de/10012776132

International R&D Spillovers

Coe, David T. - 2006

A model is presented based on recent theories of economic growth that treat commercially oriented innovation efforts as …

Persistent link: https://www.econbiz.de/10012781649

Crisi Internazionale E Crisi Nazionale (National and International Crises)

Ferrari, Sergio - 2018

performance is identified in the insufficient expenditure on research and development, which caused innovation to slow down …

Persistent link: https://www.econbiz.de/10012923661

I Don't Want to Hear About It : Rational Ignorance Among Duty-Oriented Consumers

Nyborg, Karine - 2008

Individuals with a preference for keeping moral obligations may dislike learning that voluntary contributions are socially valuable: Such information can trigger unpleasant feelings of cognitive dissonance. I show that if initial beliefs about the social value of contributions are sufficiently...

Persistent link: https://www.econbiz.de/10012723469

The Propagation of Financial Extremes

Chollete, Lorán - 2008

What drives extreme economic events? Motivated by recent theory, and events in US subprime markets, we begin to open the black box of extremes. Specifically, we extend standard economic analysis of extreme risk, allowing for dynamics and endogeneity. We explain how endogenous extremes may arise...

Persistent link: https://www.econbiz.de/10012723707

Institutions Matter! Why the Herder Problem is Not a Prisoner's Dilemma

Cole, Daniel H. - 2008

In the game theory literature, Garrett Hardin's famous allegory of the tragedy of the commons has been modeled as a variant of the Prisoner's Dilemma, labeled the Herder Problem (or, sometimes, the Commons Dilemma). This brief paper argues that important differences in the institutional...

Persistent link: https://www.econbiz.de/10012724749

The Propagation of Financial Extremes : An Application to Subprime Market Spillovers

Chollete, Lorán - 2008

What drives extreme and rare economic events? Motivated by recent theory, and events in US subprime markets, we begin to open the black box of extremes. Specifically, we build a taxonomy of extremes, then extend standard economic analysis of extreme risk. First, we model the potentially relevant...

Persistent link: https://www.econbiz.de/10012725035

The Costs and Benefits of Providing Open Space in Cities

Rouwendal, Jan - 2008

Although many researchers have investigated the value of open space in cities, few of them have compared them to the costs of providing this amenity. In this paper, we use the monocentric model of a city to derive a simple cost-benefit rule for the optimal provision of open space. The rule is...

Persistent link: https://www.econbiz.de/10012725809

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