Agent-Based Model with Capital and Credit (hereafter CC-MABM). The novelty of this model with respect to the previous … framework consists in the introduction of capital goods that firms producing consumption goods (C-firms) purchase from capital … goods producers (K-firms). The introduction of durability (in the form of capital which depreciates gradually) has important …

with insecure property rights, we analyze how resources are transformed into productive capital to sustain consumption. We … allow property rights to improve as the country transforms natural resources into capital. The ensuing power struggle about … result, the country substitutes away from resources to capital too rapidly and invests more than predicted by the Hartwick …

colleges for low-income community college students. This paper explores the role that access to information technology, in …

valuation of firms in the transition as technology changes, and whether or not share prices are always increasing when … technology improves. We find that there can be a U-shaped transition dynamic, so that an initial boom in share price is followed … by a temporary fall in share price even though the underlying technology is improving. …

We empirically examine the determinants of adoption of information technology by primary healthcare clinics using a … Information Technology (HIT), including: (1) the adoption probabilities vary considerably by the specific type of clinic; (2) in … contrast to numerous studies in the broader technology adoption literature, we find little evidence to suggest a relationship …

results quantify the role of regional factor markets in firm productivity and location. Considering modern China as a large …

This paper studies the productivity impact of a contract change for tea pluckers in an Indian plantation. The contract …

Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …