Showing 1 - 10 of 55
This paper studies the properties of joint-venture relationship between a technologically advanced multinational firm and a local firm operating in a developing economy where the ability to enforce contracts is weak. We formulate a dynamic model of principal-agent relationship in which at any...
Persistent link: https://www.econbiz.de/10008502113
indicators such as employment, turnover, and labour productivity growth. We exploit a unique dataset of 773 Italian service firms … variables and controls. Our econometric findings show a negative link between environmental motivations and growth in employment … and turnover and a consequent not significant effect on labour productivity growth. The effect on employment is partly in …
Persistent link: https://www.econbiz.de/10005423052
This paper investigates the link between development, economic growth, and the economic losses from natural disasters … development and slower than income at high levels of development. In that case, increasing risk-taking reinforces economic growth … disaster – to increase faster than economic growth; (iii) the average annual losses to grow faster than income at low levels of …
Persistent link: https://www.econbiz.de/10010904902
In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10005385474
We offer a framework to assign quantitative allocations of emissions of greenhouse gases (GHGs), across countries, one budget period at a time. Under the two-part plan: (i) China, India, and other developing countries accept targets at Business as Usual (BAU) in the coming budget period, the...
Persistent link: https://www.econbiz.de/10009320996
This paper studies cross-border intellectual property rights (IPR) as a North-South contract using a Nash bargaining approach and distinguishes between the outcome and its actual enforcement. The absorptive capacity of the Southern country to exploit technology transfer plays a key role in the...
Persistent link: https://www.econbiz.de/10010635920
. Finally, and more optimistically, when we consider our results in the context of institutions and growth, we conclude that … there is a possibility of reaching a double dividend. Reductions in corruption would induce both higher growth rates and … development. …
Persistent link: https://www.econbiz.de/10005570316
Analyses of long run consumption series are rare in literature. We study the evolution of water consumption in Milan in the twentieth century. The objective is twofold: on one side, the univariate analysis tries both to assess the impact of relevant socio-economic and environmental changes on...
Persistent link: https://www.econbiz.de/10004990066
externalities. Using a numerical analysis performed with the hybrid integrated assessment model WITCH, extended to include mutual … externalities provides a strong rationale for implementing a portfolio of policies for both emissions reduction and the … internalisation of knowledge externalities. Moreover, we show that implementing technology policy as a substitute for stabilisation …
Persistent link: https://www.econbiz.de/10008642164
welfare effects of small policy changes in the presence of transport externalities. The model incorporates three types of … externalities: congestion, which has a feedback effect on the behaviour of the economic agents, air pollution and accidents. The … the equity effects of the policy reforms. The second contribution is related to the way in which the externalities are …
Persistent link: https://www.econbiz.de/10005385363