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R&D, Socio-Economic Conditions and Regional Innovation in the United States

Crescenzi, Riccardo; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2012

This paper looks at the genesis of innovation in the United States from a territorial perspective. The analysis aims to … disentangle the impact of local R&D expenditure from other contextual conditions supportive of the process of innovation …. Particular emphasis is devoted to the role of socio-economic factors and systems of innovation conditions (‘social filter …

Persistent link: https://www.econbiz.de/10011083285

Innovation and spatial inequality in Europe and USA

Lee, Neil; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2012

Innovation is a crucial driver of urban and regional economic success. Innovative cities and regions tend to grow … small body of innovators gain relative to others, innovation may lead to inequality. The evidence on this point is … first comparative evidence on the link between innovation and inequality in a continental perspective. Using micro data from …

Persistent link: https://www.econbiz.de/10011083831

Fiscal Rules in India: Are They Effective?

Buiter, Willem H.; Patel, Urjit R. - C.E.P.R. Discussion Papers - 2010

This paper, a chapter in the forthcoming Oxford University Press Handbook of the Indian Economy, edited by Chetan Ghate, considers India’s experience with fiscal (responsibility) rules during the past decade. After reviewing the basic facts concerning public debt and deficits in India, the...

Persistent link: https://www.econbiz.de/10008468524

Public Debt in the USA: How Much, How Bad and Who Pays?

Buiter, Willem H. - C.E.P.R. Discussion Papers - 1993

In terms of the ratio of its public debt and public deficit to GDP the United States lies in the middle of the pack of industrial countries. The period since 1980 is the only peacetime period outside the Great Depression to see a sustained increase in the debt-GDP ratio. The budgetary...

Persistent link: https://www.econbiz.de/10005123675

Incentives and Prosocial Behaviour

Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2004

We build a theory of prosocial behaviour that combines heterogeneity in individual altruism and greed with concerns for social reputation or self-respect. The presence of rewards or punishments creates doubt as to the true motive for which good deeds are performed, and this ‘overjustification...

Persistent link: https://www.econbiz.de/10005498047

Can Unemployment Insurance Spur Entrepreneurial Activity?

Hombert, Johan; Schoar, Antoinette S; Sraer, David; … - C.E.P.R. Discussion Papers - 2014

We study a large-scale French reform that provided generous downside insurance for unemployed individuals starting a business. We study whether this reform affects the composition of people who are drawn into entrepreneurship. New firms started in response to the reform are, on average, smaller,...

Persistent link: https://www.econbiz.de/10011145401

Private, social and self-insurance for long-term care in the presence of family help: A political economy analysis

De Donder, Philippe; Pestieau, Pierre - C.E.P.R. Discussion Papers - 2013

We study the political determination of the level of social long-term care insurance when voters also choose private insurance and saving amounts. Agents differ in income, probability of becoming dependent and of receiving family help. Social insurance redistributes across income and risk...

Persistent link: https://www.econbiz.de/10011083512

Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out Effects

Broner, Fernando A; Erce, Aitor; Martin, Alberto; … - C.E.P.R. Discussion Papers - 2013

In 2007, countries in the euro periphery were enjoying stable growth, low deficits, and low spreads. Then the Financial crisis erupted and pushed them into deep recessions, raising their deficits and debt levels. By 2010, they were facing severe debt problems. Spreads increased and,...

Persistent link: https://www.econbiz.de/10011084507

What is the cost of retaining and attracting exceptional talents? Evidence from the Canada Research Chair program

Courty, Pascal; Sim, John - C.E.P.R. Discussion Papers - 2012

The compensation of a professor who is awarded an internal Canada Research Chair (CRC) increases by 6.3 percent on average in our sample. This gain is large initially but quickly erodes over CRC tenure. The gain is slightly larger for professors who change university to obtain a CRC Chair....

Persistent link: https://www.econbiz.de/10011084552

From Severance Pay to Self-Insurance: Effects of Severance Payments Savings Accounts in Colombia

Kugler, Adriana D. - C.E.P.R. Discussion Papers - 2002

In 1990 Colombia replaced its traditional system of severance payments with a new system of severance payments savings accounts (SPSAs). Although severance payments often are justified on the grounds that they provide insurance against earnings loss, they also increase costs for employers and...

Persistent link: https://www.econbiz.de/10005791811

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