Showing 1 - 10 of 43,690
accumulation, a surge in hours worked, and faster growth of total factor productivity. The acceleration of productivity growth …
Persistent link: https://www.econbiz.de/10012444166
than by increasing the productivity of incumbent inventors. …
Persistent link: https://www.econbiz.de/10010951350
The Plant Patent Act of 1930 was the first step towards creating property rights for biological innovation: it introduced patent rights for asexually-propagated plants. This paper uses data on plant patents and registrations of new varieties to examine whether the Act encouraged innovation....
Persistent link: https://www.econbiz.de/10009004111
. Digital technologies offer opportunities to raise firms’ productivity and the population’s well-being. However, wide … productivity gaps between large firms and SMEs and between manufacturing and services weigh on economy-wide productivity, which is …
Persistent link: https://www.econbiz.de/10012421298
Productivity growth has slowed across most OECD economies since the mid-2000s. While important aspects of New Zealand …’s economic performance have improved over this period, productivity growth is still comparatively low. This continues a long …-run trend of poor productivity in New Zealand, which is the key reason why average incomes are still below the OECD average …
Persistent link: https://www.econbiz.de/10011853625
Chronicling the politics that led to the creation of the twelve Reserve Banks and the pursuant legal and political consequences, this paper argues that the Federal Reserve’s quasi-private Reserve Banks are, at best, opaque and unaccountable, and, at worst, unconstitutional. Following the Panic...
Persistent link: https://www.econbiz.de/10011448756
As a result of legal restrictions on branch banking, an extensive interbank system developed in the United States during the 19th century to facilitate interregional payments and flows of liquidity and credit. Vast sums moved through the interbank system to meet seasonal and other demands, but...
Persistent link: https://www.econbiz.de/10011578151
We analyze whether government spending multipliers differ by the sign of the shock. Using aggregate historical U.S. data, we apply Ben Zeev's (2020) nonlinear diagnostic tests and find evidence of nonlinearities in the impulse response functions of both government spending and GDP. We then...
Persistent link: https://www.econbiz.de/10014247936
The narrative approach to macroeconomic identification uses qualitative sources, such as newspapers or government records, to provide information that can help establish causal relationships. This paper discusses the requirements for rigorous narrative analysis using fresh research on the impact...
Persistent link: https://www.econbiz.de/10014250187
We explore the long run impact of the Spanish missions on Native American outcomes in the early 20th century. Native communities who interacted with Spanish missionaries developed into enclaves which blended Catholicism with native culture. Some survived assaults on their property rights by...
Persistent link: https://www.econbiz.de/10013334468