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People's Opium? Religion and Economic Attitudes

Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - C.E.P.R. Discussion Papers - 2002

Since Max Weber, there has been an active debate on the impact of religion on people’s economic attitudes. Much of the existing evidence, however, is based on cross-country studies in which this impact is confounded by differences in other institutional factors. We use the World Values Surveys...

Persistent link: https://www.econbiz.de/10005123509

Growing like China

Song, Zheng Michael; Storesletten, Kjetil; Zilibotti, … - C.E.P.R. Discussion Papers - 2009

This paper constructs a growth model that is consistent with salient features of the Chinese growth experience since 1992: high output growth, sustained returns on capital investments, extensive reallocation within the manufacturing sector, falling labor share and accumulation of a large foreign...

Persistent link: https://www.econbiz.de/10005123794

Is Fixed Investment the Key to Economic Growth?

Blomström, Magnus; Lipsey, Robert E; Zejan, Mario - C.E.P.R. Discussion Papers - 1993

find no evidence that fixed investment is the only or main source of ignition for economic growth. …

Persistent link: https://www.econbiz.de/10005123986

Natural Resources and Economic Growth: The Role of Investment

Gylfason, Thorvaldur; Zoega, Gylfi - C.E.P.R. Discussion Papers - 2001

and investment. When the share of output that accrues to the owners of natural resources rises, the demand for capital … allocation of capital may, however, enhance the quantity as well as the quality of new investment and sustain growth. Empirical … thereby inhibiting economic growth. The results also suggest that abundant natural resources may hurt saving and investment …

Persistent link: https://www.econbiz.de/10005504629

Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation

Philippon, Thomas - C.E.P.R. Discussion Papers - 2014

A quantitative investigation of financial intermediation in the U.S. over the past 130 years yields the following results : (i) the finance industry’s share of GDP is high in the 1920s, low in the 1950s and 1960s, and high again in the 1990s and 2000s; (ii) most of these variations can be...

Persistent link: https://www.econbiz.de/10011083657

Post-war Growth: An Overview

Crafts, Nicholas; Toniolo, Gianni - C.E.P.R. Discussion Papers - 1995

-ante returns on investment. …

Persistent link: https://www.econbiz.de/10005661688

Exchange Rate Pass-Through to Consumer Prices in South Africa: Evidence from Micro-Data

Aron, Janine; Creamer, Kenneth; Muellbauer, John; … - C.E.P.R. Discussion Papers - 2013

A sizeable literature examines exchange rate pass-through to disaggregated import prices but very few micro-studies focus on consumer prices. This paper explores exchange rate pass-through to consumer prices in South Africa during 2002-2007, using a unique data set of highly disaggregated data...

Persistent link: https://www.econbiz.de/10011084277

Research Cycles

Bramoullé, Yann; Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2007

This paper studies the dynamics of fundamental research. We develop a simple model where researchers allocate their effort between improving existing fields and inventing new ones. A key assumption is that scientists derive utility from recognition from other scientists. We show that the economy...

Persistent link: https://www.econbiz.de/10005791754

Trade Crisis? What Trade Crisis?

Behrens, Kristian; Corcos, Gregory; Mion, Giordano - C.E.P.R. Discussion Papers - 2010

We provide an analysis of the 2008-2009 trade collapse using microdata from a small open economy, Belgium. First, we find that changes in firm-country-product exports and imports occurred mostly at the intensive margin: the number of firms, the average number of destination and origin markets...

Persistent link: https://www.econbiz.de/10008466337

Globalization and the Rise of the Entrepreneurial Economy

Audretsch, David B; Sanders, Mark - C.E.P.R. Discussion Papers - 2007

decrease in the level of political risk associated with outward foreign direct investment (offshoring), and the widespread …

Persistent link: https://www.econbiz.de/10005124127

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