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Medium Term Business Cycles in Developing Countries
Comin, Diego; Loayza, Norman; Pasha, Farooq; Servén, Luis - C.E.P.R. Discussion Papers - 2011
Business cycle fluctuations in developed economies (N) tend to have large and persistent effects on developing countries (S). We study the transmission of business cycle fluctuations for developed to developing economies with a two-country asymmetric DSGE model with two features: (i) endogenous...
Persistent link: https://www.econbiz.de/10009322501
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Employment Protection, International Specialization, and Innovation
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1996
This paper develops a model to analyse the implications of firing costs on incentives for R&D and international specialization. The key idea is that, to avoid paying firing costs, the country with a rigid labour market will tend to produce relatively secure goods, at late stages in their product...
Persistent link: https://www.econbiz.de/10005136526
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Learning by Doing and Multiproduction Effects Over the Life Cycle: Evidence from the Semiconductor Industry
Siebert, Ralph - C.E.P.R. Discussion Papers - 2003
In this study we derive a structural econometric model of learning by doing with multiproduct competition from a dynamic oligopoly game. We show the importance to account for multiproduction effects through product differentiation when measuring learning by doing. Using quarterly firm-level data...
Persistent link: https://www.econbiz.de/10005497705
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A Many-Country Model of Industrialization
Breinlich, Holger; Cuñat, Alejandro - C.E.P.R. Discussion Papers - 2011
to account for in existing models of industrialization. By construction, closed-economy models that stress the role of …
Persistent link: https://www.econbiz.de/10009207519
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Economic Backwardness in Political Perspective
Acemoglu, Daron; Robinson, James A - C.E.P.R. Discussion Papers - 2002
We construct a simple model where political elites may block technological and institutional development, because of a ‘political replacement effect.’ Innovations often erode elites’ incumbency advantage, increasing the likelihood that they will be replaced. Fearing replacement, political...
Persistent link: https://www.econbiz.de/10005124137
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The Potato's Contribution to Population and Urbanization: Evidence from an Historical Experiment
Nunn, Nathan; Qian, Nancy - C.E.P.R. Discussion Papers - 2009
We exploit regional variation in suitability for cultivating potatoes, together with time variation arising from their introduction to the Old World from the Americas, to estimate the impact of potatoes on Old World population and urbanization. Our results show that the introduction of the...
Persistent link: https://www.econbiz.de/10005039579
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The Law of Primogeniture and the Transition from Landed Aristocracy to Industrial Democracy
Bertocchi, Graziella - C.E.P.R. Discussion Papers - 2003
phase, aristocratic political systems prevail, while democracies tend to emerge with industrialization. At the same time the …
Persistent link: https://www.econbiz.de/10005498052
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Machines as Engines of Growth
Zeira, Joseph - C.E.P.R. Discussion Papers - 2005
This paper builds a model of growth through industrialization, as machines replace workers in a growing number of tasks … unboundedly. The mechanism that drives growth is the feedback between industrialization and wages. High wages are incentives to … use machines and industrialize, while industrialization raises wages. The model shows that industrialization and growth …
Persistent link: https://www.econbiz.de/10005656232
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Premature Deindustrialization
Rodrik, Dani - C.E.P.R. Discussion Papers - 2015
-industrial economies. The hump-shaped relationship between industrialization (measured by employment or output shares) and incomes has … shifted downwards and moved closer to the origin. This means countries are running out of industrialization opportunities …
Persistent link: https://www.econbiz.de/10011165656
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Was Stalin Necessary for Russia’s Economic Development?
Cheremukhin, Anton; Golosov, Mikhail; Guriev, Sergei; … - C.E.P.R. Discussion Papers - 2013
This paper studies structural transformation of Soviet Russia in 1928-1940 from an agrarian to an industrial economy through the lens of a two-sector neoclassical growth model. We construct a large dataset that covers Soviet Russia during 1928-1940 and Tsarist Russia during 1885-1913. We use a...
Persistent link: https://www.econbiz.de/10011083670