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High-Technology Entrepreneurship in Silicon Valley

Fairlie, Robert W.; Chatterji, Aaron K. - CESifo - 2013

measure of entrepreneurship derived from matching files from the Current Population Survey (CPS) is used to provide the first …. Estimates indicate that hi-tech entrepreneurship rates were lower in Silicon Valley than the rest of the United States during … the period from January 1996 to February 2000. Examining the post-boom period, we find that entrepreneurship rates in …

Persistent link: https://www.econbiz.de/10010720642

A Spatial Approach to Energy Economics: Theory, Measurement and Empirics

Moreno-Cruz, Juan; Taylor, M. Scott - CESifo - 2014

This paper sets out a simple spatial model of energy exploitation to ask how the location and productivity of energy resources may affect the distribution of economic activity around the globe. We combine elements from resource and energy economics into one framework linking the spatial...

Persistent link: https://www.econbiz.de/10010877640

Home Market Effects and the Single-Sector Melitz Model

Felbermayr, Gabriel J.; Jung, Benjamin - CESifo - 2011

Increasing-returns-to-scale imperfect competition trade models predict a more than proportionate relationship between the larger country’s share in world endowments and its share in producing firms: the so called home market effect (HME). While this result plays a key role in empirical...

Persistent link: https://www.econbiz.de/10009391721

Economic Geography and Economic Development in Sub-Saharan Africa

Bosker, Maarten; Garretsen, Harry - CESifo - 2008

The physical or absolute geography of Sub-Saharan Africa (SSA) is often blamed for its poor economic performance. A country’s location however not only determines its absolute geography, it also pins down its relative position on the globe vis-à-vis other countries. This paper assesses the...

Persistent link: https://www.econbiz.de/10005181360

Intra-regional Tax Competition and Economic Geography

Hühnerbein, Ossip; Seidel, Tobias - CESifo - 2007

We extent a solvable version of the core-periphery agglomeration model to four countries located in two regions. The paper shows that there might still be a race to the bottom in capital income tax rates despite agglomeration rents earned by the mobile factor. We find that intra-regional tax...

Persistent link: https://www.econbiz.de/10005181522

Feeling the Heat: Temperature, Physiology & the Wealth of Nations

Heal, Geoffrey; Park, Jisung - CESifo - 2014

Does temperature affect economic performance? Has temperature always affected social welfare through its impact on physical and cognitive function? While many studies have explored the indirect links between climate and welfare (e.g. agricultural yield, violent conflict, or sea-level rise), few...

Persistent link: https://www.econbiz.de/10010747215

Regional Policy Evaluation: Interactive Fixed Effects and Synthetic Control

Gobillon, Laurent; Magnac, Thierry - CESifo - 2014

In this paper, we investigate the use of interactive effect or linear factor models in regional policy evaluation. We contrast treatment effect estimates obtained by Bai (2009)’s least squares method with the popular difference in differences estimates as well as with estimates obtained using...

Persistent link: https://www.econbiz.de/10011082836

Geography, Non-Homotheticity, and Industrialization: A Quantitative Analysis

Breinlich, Holger; Cuñat, Alejandro - CESifo - 2012

We propose a quantitative framework for the analysis of industrialization in which specialization in manufacturing or agriculture is driven by comparative advantage and non-homothetic preferences. Countries are integrated through trade but trade is not costless and geographic position matters....

Persistent link: https://www.econbiz.de/10010570050

Entrepreneurship, Economic Conditions, and the Great Recession

Fairlie, Robert W. - CESifo - 2013

opportunities in the wage/salary sector leaving the net effect on entrepreneurship ambiguous. The most up-to-date microdata … entrepreneurship at the individual level to shed light on this question. Regression estimates indicate that local labor market … conditions are a major determinant of entrepreneurship. Higher local unemployment rates are found to increase the probability …

Persistent link: https://www.econbiz.de/10010877680

How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?

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

Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that...

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