Similar Search Results

Unemployment, Investment and Sectoral Reallocation

Chadha, Bankim; Coricelli, Fabrizio - C.E.P.R. Discussion Papers - 1995

This paper presents a model of development of an economy comprised of a rural-agricultural sector and an urban …

Persistent link: https://www.econbiz.de/10005504722

Convergence Clubs and Subsistence Economies

Ben-David, Dan - C.E.P.R. Discussion Papers - 1997

model incorporates the assumption of subsistence consumption into the neo-classical exogenous growth model – yielding …

Persistent link: https://www.econbiz.de/10005791191

Finance, Investment and Growth

Carlin, Wendy; Mayer, Colin - C.E.P.R. Discussion Papers - 1999

countries' stages of economic development. For example, bank oriented systems are associated with higher growth of externally … there is a relation in terms of both industry growth rates and shares of output devoted to R&D. Investment in R&D rather …. Consistent with theories of financial development, relations between financial systems and economic activity are sensitive to …

Persistent link: https://www.econbiz.de/10005114188

Israel: The Start-Up Nation, and its Threat from Within

Ben-David, Dan - C.E.P.R. Discussion Papers - 2012

Three main vantage points are brought together in this paper: (1) Israel’s relatively good economic performance in recent years – at least, in comparison with other Western countries that have still not emerged from the recession; (2) motivations for the wave of social protests that erupted...

Persistent link: https://www.econbiz.de/10011084118

When Everyone Runs for the Exit

Pedersen, Lasse Heje - C.E.P.R. Discussion Papers - 2009

The dangers of shouting ``fire'' in a crowded theater are well understood, but the dangers of rushing to the exit in the financial markets are more complex. Yet, the two events share several features, and I analyze why people crowd into theaters and trades, why they run, what determines the...

Persistent link: https://www.econbiz.de/10005082543

The Stock Market Crash of 2008 Caused the Great Recession: Theory and Evidence

Farmer, Roger E A - C.E.P.R. Discussion Papers - 2011

This paper argues that the stock market crash of 2008, triggered by a collapse in house prices, caused the Great Recession. The paper has three parts. First, it provides evidence of a high correlation between the value of the stock market and the unemployment rate in U.S. data since 1929....

Persistent link: https://www.econbiz.de/10009351524

Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks

Mertens, Karel; Ravn, Morten O - C.E.P.R. Discussion Papers - 2010

A number of empirical studies find that permanent technological improvements give rise to a temporary drop in hours worked. This finding seriously questions the technology-driven business cycle hypothesis. In this paper we argue that it is important to control for permanent changes in taxes,...

Persistent link: https://www.econbiz.de/10008466342

Productivity Growth, Consumer Confidence and the Business Cycle

Danthine, Jean-Pierre; Donaldson, John B; Johnsen, Thore - C.E.P.R. Discussion Papers - 1998

following five questions: 1) To what extent does an economy subject to regular variations in labour productivity growth differ …-time change in labour productivity growth? 3) What are the business cycle implications of autonomous (non-falsifiable) changes in … growth expectations? 4) What is the potential of such expectation changes for explaining the volatility of consumption to …

Persistent link: https://www.econbiz.de/10005662360

Uneven Technical Progress and Job Destructions

Cohen, Daniel; Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994

We develop a two-sector model in which technological progress alternatively raises the productivity of one sector after another. We assume that goods are <MI>complements<D> for the final consumers. The sector which benefits from technical progress will see a resulting <MI>fall in its price<D>. In this model,...</d></mi></d></mi>

Persistent link: https://www.econbiz.de/10005666503

Enterprise Investment During the Transition: Evidence from Czech Panel Data

Lizal, Lubomir; Svejnar, Jan - C.E.P.R. Discussion Papers - 1998

We analyse investment behaviour of the population of medium and large industrial firms located in the Czech Republic in 1992–5. We examine the relevance of alternative models of investment and test if investment behaviour varies across ownership-legal form categories of firms. By using a large...

Persistent link: https://www.econbiz.de/10005666955

1
2
3
4
5
6
7
8
9
10
Next
Last