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Honkapohja, Seppo; Turunen-Red, Arja - C.E.P.R. Discussion Papers - 1999

We consider an endogenous growth model that includes international trade in capital goods. The model yields several distinct balanced growth solutions that can be classified using stability under adaptive learning. Some of the equilibria can involve growth rates much higher (or lower) than...

Persistent link: https://www.econbiz.de/10005067638

Endogenous Innovation Spillovers and Technology Policy

Katsoulacos, Yannis; Ulph, David - C.E.P.R. Discussion Papers - 1996

We examine a model of R&D competition and cooperation in the presence of spillovers. Unlike virtually all the literature, however, we treat these spillovers as endogenous and under the control of firms. We show that it is then essential to make a number of distinctions that are ignored in the...

Persistent link: https://www.econbiz.de/10005136627

The Impact of R&D Subsidies on the Introduction of New Products by Incumbent Firms

Siebert, Ralph - C.E.P.R. Discussion Papers - 2003

This Paper analyses the impact of R&D subsidies on incumbent firms to introduce new goods. We are especially interested in investigating various consequences of government subsidies for R&D, provided to firms that offer products of different qualities. This study examines the incentives of...

Persistent link: https://www.econbiz.de/10005504784

Human Capital, Innovation, and Climate Policy: An Integrated Assessment

Carraro, Carlo; De Cian, Enrica; Tavoni, Massimo - C.E.P.R. Discussion Papers - 2012

This paper looks at the interplay between human capital and innovation in the presence of climate and educational … moderate, short-term consumption loss. Human capital is complement to all forms of innovation and an educational policy … stimulates both energy and general purpose innovation. This result has important policy implications considering the growing …

Persistent link: https://www.econbiz.de/10011084481

Does the Recent Success of some OECD Countries in Lowering their Unemployment Rates lie in the Clever Design of their Labour Market Reforms?

Belot, Michèle; Ours, Jan C van - C.E.P.R. Discussion Papers - 2000

The development of the unemployment rate differs substantially between OECD countries. In recent years some countries have experienced a mild increase, other countries have had a stable unemployment rate, while there are also ‘successful’ countries in which the unemployment rate has...

Persistent link: https://www.econbiz.de/10005123659

Political Cycles in OECD Economies

Alesina, Alberto F; Roubini, Nouriel - C.E.P.R. Discussion Papers - 1990

This paper studies whether the dynamic behaviour of GNP growth, unemployment and inflation is systematically affected by the timing of elections and changes of government. The sample includes the last three decades in 18 OECD economies. We test explicitly the implications of several models of...

Persistent link: https://www.econbiz.de/10005067672

Which International Institutions Promote International Trade?

Rose, Andrew K - C.E.P.R. Discussion Papers - 2003

This Paper estimates the effect on international trade of three multilateral organizations intended to increase trade: 1) the World Trade Organization (WTO) and its predecessor the Generalized Agreement on Tariffs and Trade (GATT); 2) the International Monetary Fund (IMF); and 3) the...

Persistent link: https://www.econbiz.de/10005504751

International Interdependence and Policy Coordination in Economies with Real and Nominal Wage Rigidity

van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 1987

The development of the seven main OECD economies during the 1970s and 1980s is discussed. Subsequently, wage equations of the error-correction type for the seven largest OECD economies are estimated. The hypothesis of real wage rigidity cannot be rejected for the French, German, Italian and...

Persistent link: https://www.econbiz.de/10005281284

Fiscal Adjustment to Cyclical Developments in the OECD: An Empirical Analysis Based on Real-Time Data

Beetsma, Roel; Giuliodori, Massimo - C.E.P.R. Discussion Papers - 2008

We explore how fiscal policies in the OECD have responded to unexpected information about the economy during the period 1995-2006. In particular, we first estimate standard fiscal rules using ex-ante data (i.e. forecasts). We then estimate how fiscal policy reacts to new information, especially...

Persistent link: https://www.econbiz.de/10005791832

Estimating Loss Function Parameters

Elliott, Graham; Komunjer, Ivana; Timmermann, Allan G - C.E.P.R. Discussion Papers - 2003

In situations where a sequence of forecasts is observed, a common strategy is to examine ‘rationality’ conditional on a given loss function. We examine this from a different perspective - supposing that we have a family of loss functions indexed by unknown shape parameters, then given the...

Persistent link: https://www.econbiz.de/10005791975

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