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Public Versus Private Ownership: Quantity Contracts and the Allocation of Investment Tasks
Hoppe, Eva I; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2008
The government wants a certain good or service to be provided. Should the required assets be publicly or privately owned or should a partnership be formed? Building on the incomplete contracting approach, we argue that the initially specified quantity of an ex ante describable basic good can...
Persistent link: https://www.econbiz.de/10005497777
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Privatization, Competition and Reform Strategies: Theory and Evidence from Russian Enterprise Panel Data
Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2001
substitutability of market competition and private ownership in increasing firm efficiency. We analyse a simple Cournot model that … distinguishes two aspects of privatization interacting with market opening: privatization of a firm and privatization of its … competition, and thus that competition only among state-owned enterprises may be ineffectual in stimulating them to increase …
Persistent link: https://www.econbiz.de/10005114270
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Mapping prices into productivity in multisector growth models
Ngai, Liwa Rachel; Samaniego, Roberto - C.E.P.R. Discussion Papers - 2009
Two issues related to mapping a multi-sector model into a reduced-form value-added model are often neglected: the composition of intermediate goods, and the distinction between the productivity indices for value added and for gross output. We illustrate their significance for growth accounting...
Persistent link: https://www.econbiz.de/10005025514
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From Green Users to Green Voters
Comin, Diego; Rode, Johannes - C.E.P.R. Discussion Papers - 2013
We estimate the effect of the diffusion of photovoltaic (PV) systems on the fraction of votes obtained by the German Green Party. The logistic diffusion of PV systems offers a new identification strategy. We take first differences and instrument adoption rates (i.e. the first difference in the...
Persistent link: https://www.econbiz.de/10011083708
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If Technology Has Arrived Everywhere, Why Has Income Diverged?
Comin, Diego; Mestieri, Martí - C.E.P.R. Discussion Papers - 2013
We study the lags with which new technologies are adopted across countries, and their long-run penetration rates once they are adopted. Using data from the last two centuries, we document two new facts: there has been convergence in adoption lags between rich and poor countries, while there has...
Persistent link: https://www.econbiz.de/10011083905
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Capital Mobility in Neoclassical Models of Growth
Barro, Robert J.; Mankiw, N Gregory; Sala-i-Martin, Xavier - C.E.P.R. Discussion Papers - 1994
variables create substantial differences in steady-state positions. Open economy versions of the theory predict higher rates of …
Persistent link: https://www.econbiz.de/10005666787
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Cross-Country Growth Comparison: Theory to Empirics
Quah, Danny - C.E.P.R. Discussion Papers - 1999
This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has …
Persistent link: https://www.econbiz.de/10005792232
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Growth and Epidemic Diseases
Bell, Clive; Gersbach, Hans - C.E.P.R. Discussion Papers - 2004
We study the formation of human capital and its transmission across generations when a society is assailed by an epidemic disease such as AIDS. We establish that the disease can severely retard economic growth, even to the point of leading to an economic collapse. We also show that the epidemic...
Persistent link: https://www.econbiz.de/10005656313
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Enterprise Restructuring in Transition: A Quantitative Survey
Djankov, Simeon; Murrell, Peter - C.E.P.R. Discussion Papers - 2002
varies across regions. We study the effects of privatization, the importance of different types of owners, the effects of … foreign and domestic competition, the consequences of soft budgets, and the role of managerial incentives and managerial human …
Persistent link: https://www.econbiz.de/10005504282
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Privatization and Quality: Evidence from Elderly Care in Sweden
Bergman, Mats; Johansson, Per; Lundberg, Sofia; … - C.E.P.R. Discussion Papers - 2014
. However, privatization may increase quality by fostering performance-improving innovation, particularly if combined with … increased competition. We assemble a large data set on elderly care services in Sweden between 1990 and 2009 and estimate how … difference-in-difference-in-difference approach. The results indicate that privatization and the associated increase in …
Persistent link: https://www.econbiz.de/10011084097