Showing 1 - 10 of 51
We explore the dynamic evolution of property rights regimes in R&D alliances using the incomplete contract approach pioneered by Grossman, Hart and Moore (Hart and Moore, Journal of Political Economy (1990), and Grossman and Hart, Journal of Political Economy (1986)). In contrast to the standard...
Persistent link: https://www.econbiz.de/10005067424
The geographical sources of innovation of firms have been hotly debated. While the traditional view is that physical proximity within city-regions is key for the innovative capacity of firms, the literature on ‘global pipelines’ has been stressing the importance of establishing communication...
Persistent link: https://www.econbiz.de/10008854504
accomplish both tasks (sole production) and there are no agency costs associated with this option but partnerships are a better … pattern relative to the first best, and that even if partnerships are optimal for an exogenously given pair of types, they may …
Persistent link: https://www.econbiz.de/10008861907
This paper surveys the broad patterns of world trade in manufactures since about 1960. While the bulk of manufactured exports came initially from relatively few large industrial countries, developing countries have encroached seriously upon their markets in recent years. The newly industrialized...
Persistent link: https://www.econbiz.de/10005504516
This paper provides a theoretical and empirical analysis of the role played by domestic political incentives in the accumulation of large external debts by developing countries between 1972 and 1981. The theoretical model characterizes two equilibrium regimes. In one the borrower is on its...
Persistent link: https://www.econbiz.de/10005504639
We present an analysis of the determinants of de jure and de facto exchange rate regimes based on a panel probit model with simultaneous equations. The model is estimated using simulation-based maximum likelihood methods. The empirical results suggest a triangular structure of the model such...
Persistent link: https://www.econbiz.de/10005497731
Although the worldwide growth in dollarization of bank deposits has recently slowed, it has already reached very high levels in dozens of countries. Building on earlier findings that allowed the main cross-country variations in the share of dollars to be explained in terms of national policies...
Persistent link: https://www.econbiz.de/10005497830
Exporters’ performance in a particular market may affect their future exports to the rest of the world. Importers may base their future transaction decisions upon the information revealed by exporters’ past performance in other countries. Similarly, exporters acquire valuable information on...
Persistent link: https://www.econbiz.de/10005497848
The purpose of this paper is to measure the impact of the 1979 oil price "hike" on a selected group of developing countries. The model used for this exercise is an adaptation of a straightforward income-determination model in which domestic oil revenues are treated as a "tax" revenue from oil...
Persistent link: https://www.econbiz.de/10005497859
This paper traces the links from trade shocks to poverty in developing countries. It considers the determinants of household and individual welfare (including potential differences between household members) and then identifies six trade-to-poverty links: the extent to which prices change and...
Persistent link: https://www.econbiz.de/10005497893