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Sustainability of Portuguese Fiscal Policy in Historical Perspective

Marinheiro, Carlos Fonseca - CESifo - 2005

results suggest that fiscal consolidation efforts must, in fact, be continued in Portugal. …

Persistent link: https://www.econbiz.de/10005766211

Subsidizing National Champions: An Evolutionary Perspective

Aubert, Cécile; Falck, Oliver; Heblich, Stephan - CESifo - 2008

A national-champions-related industrial policy has become (again) en vogue among European politicians. Against this background, our work orders different types of national champions along the industry lifecycle. Different types of locally bound externalities appear along the lifecycle. In a...

Persistent link: https://www.econbiz.de/10005094474

A Touch of Sophistication: FDI and Unit Values of Exports

Harding, Torfinn; Javorcik, Beata Smarzynska - CESifo - 2009

The debate on trade and growth increasingly focuses on the composition of exports. Exports of more “sophisticated” products appear to be positively correlated with growth, and upgrading the quality of exports is high on the policy agenda of many countries. This study presents evidence...

Persistent link: https://www.econbiz.de/10008572518

Growth Effects of Spatial Redistribution Policies

Arcalean, Calin; Glomm, Gerhard; Schiopu, Ioana Cosmina - CESifo - 2012

structural funds, modelled on the EU policy. In a numerical example calibrated to Portugal, we find that, to diminish the initial … actual disbursements were around 4%. We also find that maximizing innovation in the backward region conflicts in the short …

Persistent link: https://www.econbiz.de/10009645644

Structural Change, Urban Congestion, and the End of Growth

Grossmann, Volker - CESifo - 2011

This paper develops a two-sector R&D-based growth model with congestion effects from increasing urban population density. We show that endogenous technological progress causes structural change if there are positive productivity spillovers from the modern to the traditional sector and Engel’s...

Persistent link: https://www.econbiz.de/10009367391

Dualism and Cross-Country Growth Regressions

Temple, Jonathan; Woessmann, Ludger - CESifo - 2004

This paper examines whether growth regressions should incorporate dualism and structural change. If there is a differential across sectors in the marginal product of labour, changes in the structure of employment can raise aggregate total factor productivity. The paper develops empirical growth...

Persistent link: https://www.econbiz.de/10005181232

Capital-Labor Substitution, Structural Change and the Labor Income Share

Alvarez-Cuadrado, Francisco; Long, Ngo Van; Poschke, Markus - CESifo - 2014

Long run economic growth goes along with structural change. Recent work has identified explanatory factors on the demand side (non-homothetic preferences) and on the supply-side, in particular differential productivity growth across sectors and differences in factor proportions and capital...

Persistent link: https://www.econbiz.de/10010736748

Structural Change in OECD Comparative Advantage

Brakman, Steven; Inklaar, Robert; Marrewijk, Charles van - CESifo - 2010

In the post-war period, the goods composition of trade in OECD countries has changed considerably. We analyze the evolution of comparative advantage using a detailed trade data set and a new analytical tool: the harmonic (weighted) mass index, which enables us to identify periods of structural...

Persistent link: https://www.econbiz.de/10008572491

Strategic Approaches to CO2 Emissions - The Case of the Cement Industry and of the Chemical Industry

Arjaliès, Diane Laure; Goubet, Cécile; Ponssard, … - CESifo - 2014

The ability of companies to turn an environmental constraint into a source of strategic opportunities is a controversial topic in published research. The article, which is based on a comparative study of the CO2 emission reduction strategies implemented by the cement and chemical industries,...

Persistent link: https://www.econbiz.de/10010877636

How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?

Herz, Holger; Schunk, Daniel; Zehnder, Christian - CESifo - 2013

that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … innovative activity. While overoptimism leads to an innovation enhancing effect, judgmental overconfidence inhibits innovation …. Our results indicate that future research is well advised to take into account that the relationship between innovation …

Persistent link: https://www.econbiz.de/10010877694