Showing 1 - 10 of 192
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
The political economy of resource rich countries is surveyed. The empirical evidence suggests that countries with a large share of primary exports in GNP have bad growth records and high inequality, especially if the quality of institutions and the rule of law are bad. The economic argument that...
Persistent link: https://www.econbiz.de/10005661592
Price volatility, reflecting the ability to absorb exogenous supply- or demand shocks, is an important dimension of market performance. In this paper we present a model to study the factors determining the price volatility of markets of basic foodstuffs in pre industrial societies. This model is...
Persistent link: https://www.econbiz.de/10009246614
Expansion in mobile phone coverage has improved access to information throughout the developing world, particularly within sub-Saharan Africa. The existing evidence suggests that information technology has improved market efficiency and reduced consumer prices for certain commodities. There are...
Persistent link: https://www.econbiz.de/10011083580
We investigate the causal effect of market structure on market performance in the consumer electronics. We combine data from Austria's largest online site for price comparisons with retail data on wholesale prices provided by a major hardware producer for consumer electronics. We observe input...
Persistent link: https://www.econbiz.de/10011083898
We use a North-South model with property right differences and resource dynamics to study the effects of trade on resource use and welfare. Autarky is likely to Pareto-dominate free trade in the long run when the environment is quite fragile, and the result is reversed when the environment is...
Persistent link: https://www.econbiz.de/10005123684
We present and analyse an optimizing model which explains the counter-intuitive effects of fiscal policy in terms of expectations. If government spending follows an upward-trending stochastic process, which the public believes may fall sharply when it reaches specific `target points', then...
Persistent link: https://www.econbiz.de/10005662143
sustainability. We show that the dual democratic mechanism – rejection/support rewards (RSRs) for politicians and elections – can … achieve sustainability. RSRs stipulate that incumbents who are not re-elected, but obtain the majority support among young …
Persistent link: https://www.econbiz.de/10005662383
finances of its member states. Yet there is no clear definition of sustainability. The economist’s common use of the term …. In this study, we develop a concept of sustainability focusing on the controllability of public finances. In so doing, we … adopt the approach of the Maastricht Treaty, to assume sustainability as long as a country does not violate the double …
Persistent link: https://www.econbiz.de/10005667090
the sustainability of the current global imbalances. …
Persistent link: https://www.econbiz.de/10005791200