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Are Differences in Firm Size Transitory or Permanent?
Geroski, Paul A; Samiei, Hossein; Urga, Giovanni - C.E.P.R. Discussion Papers - 1997
Cross-section or short-panel econometric techniques typically used to examine Gibrat’s Law of Proportionate Effect suggest that some degree of mean reversion exists, but may exaggerate the apparent randomness of corporate growth. We argue that a more natural way to explore the long-run...
Persistent link: https://www.econbiz.de/10005136482
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Export Restrictions and Price Insulation During Commodity Price Booms
Anderson, Kym; Martin, Will - C.E.P.R. Discussion Papers - 2011
For individual countries, variable trade barriers can be used to reduce the volatility of domestic relative to world … prices. If this is done by countries accounting for a large share of the market, its effect is offset by increases in world … price volatility. This study shows the nature of the resulting collective action problem, with the policy being ineffective …
Persistent link: https://www.econbiz.de/10009207521
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A Mixed Blessing: Natural Resources and Economic Growth
Gylfason, Thorvaldur; Herbertsson, Tryggvi Thor; Zoega, … - C.E.P.R. Discussion Papers - 1997
This paper diagnoses the symptoms of the Dutch disease in a two-sector stochastic endogenous growth model. A productive, low skill-intensive primary sector causes the currency to appreciate in real terms, thus hampering the development of a high skill-intensive secondary sector and thereby...
Persistent link: https://www.econbiz.de/10005662170
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Why Do Many Resource-Rich Countries Have Negative Genuine Saving? Anticipation of Better Times or Rapacious Rent Seeking
van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2008
societies. However, World Bank genuine saving figures based on market rather than accounting prices will be negative, albeit …
Persistent link: https://www.econbiz.de/10005662316
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Genuine Saving and the Voracity Effect
van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2008
an economy with exhaustible natural resources. The rate of increase in the price of natural resources and resource …-pool externalities. Fractionalization induces, however, positive genuine saving as measured by the World Bank. …
Persistent link: https://www.econbiz.de/10005791473
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Did Colonization Matter for Growth? An Empirical Exploration into the Historical Causes of Africa's Underdevelopment
Bertocchi, Graziella; Canova, Fabio - C.E.P.R. Discussion Papers - 1996
This paper investigates the impact of twentieth-century European colonization on African countries. We find that colonization mattered for growth. The following had some beneficial growth effects: being a dependency rather than a colony; being a colony of France or the United Kingdom rather than...
Persistent link: https://www.econbiz.de/10005791768
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What Should we Expect from Innovation? A Model-Based Assessment of the Environmental and Mitigation Cost Implications of Climate-Related R&D
Bosetti, Valentina; Carraro, Carlo; Duval, Romain; … - C.E.P.R. Discussion Papers - 2010
This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies complement carbon pricing (taxes or permit trading) and...
Persistent link: https://www.econbiz.de/10008468637
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Resource rents; when to spend and how to save
Venables, Anthony J - C.E.P.R. Discussion Papers - 2010
Countries with substantial revenues from renewable resources face a complex range of revenue management issues. What is the optimal time profile of consumption from the revenue, and how much should be saved? Should saving be invested in foreign funds or in the domestic economy? How does...
Persistent link: https://www.econbiz.de/10008468644
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Volatility, Financial Development and the Natural Resource Curse
Poelhekke, Steven; van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2007
Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average investment share, initial human capital, trade openness, the...
Persistent link: https://www.econbiz.de/10005123919
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Can a Small Nation Gain from Introducing a Carbon Tax Early?
Lund, Diderik - C.E.P.R. Discussion Papers - 1994
Carbon dioxide emissions may cause global warming. But own emissions have negligible effects for a small nation, which may thus regard carbon taxes as distortionary. Such taxes may have other effects, however. When research and development (R&D) has positive external effects, carbon taxes may...
Persistent link: https://www.econbiz.de/10005504735