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Vertical Integration and Distance to Frontier

Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2002

We construct a model where the equilibrium organization of firms changes as an economy approaches the world technology frontier. In vertically integrated firms, owners (managers) have to spend time both on production and innovation activities, and this creates managerial overload, and...

Persistent link: https://www.econbiz.de/10005123937

Distance to Frontier, Selection, and Economic Growth

Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2002

We analyse an economy where managers engage both in the adoption of technologies from the world frontier and in innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy approaches the technology frontier, selection becomes more...

Persistent link: https://www.econbiz.de/10005789082

On the Global Supply of Basic Research

Gersbach, Hans; Schneider, Maik - C.E.P.R. Discussion Papers - 2015

In a two-country Schumpeterian growth model, we study the incentives for basic research investments by governments in a globalized world. We find that a country's basic research investments increase with the country's level of human capital and decline with its own market size. This may explain...

Persistent link: https://www.econbiz.de/10011145469

How Much Science? The 5 Ws (and 1 H) of Investing in Basic Research

Gersbach, Hans; Schetter, Ulrich; Schneider, Maik - C.E.P.R. Discussion Papers - 2015

The aim of this paper is to identify possibilities for guiding policy in the area of basic research. We provide an extended review of basic research and offer new insights on its linkages to key economic variables and economic growth. After defining what basic research is, we identify and...

Persistent link: https://www.econbiz.de/10011196042

Economic Reforms and Industrial Policy in a Panel of Chinese Cities

Alder, Simon; Shao, Lin; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2013

productivity and human capital investments. Using light intensity as an alternative measure for economic activity confirms the …

Persistent link: https://www.econbiz.de/10011084232

Distribution & Growth in an Economy with Limited Needs

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2001

knowledge sector is bounded, as productivity increases, the economy moves from a ‘Solovian zone’ where wages increase with … productivity, to a ‘Marxian’ zone where they paradoxically decline with productivity. This is because as consumption of a given … creativity is more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from …

Persistent link: https://www.econbiz.de/10005124380

Innovation and Regional Growth in Mexico: 2000-2010

Rodriguez-Pose, Andres; Peralta, Villarreal; Maria, Edna - C.E.P.R. Discussion Papers - 2014

This paper looks at the factors driving regional growth in Mexico, paying special attention to the potentially growth-enhancing role of innovation and innovation policy. The analysis combines innovation variables with indicators linked to the formation of adequate social conditions for...

Persistent link: https://www.econbiz.de/10011083786

Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World

Acemoglu, Daron; Robinson, James A; Verdier, Thierry - C.E.P.R. Discussion Papers - 2012

Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare to be higher in Scandinavian societies than in the United States. Why then does the United States not adopt Scandinavian-style institutions? More generally, in an interdependent...

Persistent link: https://www.econbiz.de/10011083861

Structural Reforms and Regional Convergence

Che, Natasha Xingyuan; Spilimbergo, Antonio - C.E.P.R. Discussion Papers - 2012

Which structural reforms affect the speed the regional convergence within a country? We found that domestic financial development, trade/current account openness, better institutional infrastructure, and selected labor market reforms facilitate regional convergence. However, these reforms have...

Persistent link: https://www.econbiz.de/10011084335

Financial Reforms and Capital Flows: Insights from General Equilibrium

Martin, Alberto; Ventura, Jaume - C.E.P.R. Discussion Papers - 2012

As a result of debt enforcement problems, many high-productivity firms in emerging economies are unable to pledge … additional resources that flow to high-productivity firms after the reforms. We show that some of these resources do not come … from abroad, but instead from domestic low-productivity firms that are driven out of business as a result of the reforms …

Persistent link: https://www.econbiz.de/10011084650