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Determinants of growth and convergence in a growing economy with heterogeneous entrepreneurs
Dohse, Dirk; Ott, Ingrid - Institut für Weltwirtschaft (IfW) - 2008
We develop an endogenous growth model which is focussed on entrepreneurial skills and their impact on growth and … growth and convergence of an economy towards the world technology frontier …
Persistent link: https://www.econbiz.de/10005755150
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Scitovsky, behavioural economics, and beyond
Pugno, Maurizio - Institut für Weltwirtschaft (IfW) - 2013
By revisiting Scitovsky's work on well-being, which introduces 'novelty' into the consumer's option set as a peculiar source of satisfaction, this paper finds a number of connections with the recent behavioural economics so as to open new lines on inquiry. First, similarly to behavioural...
Persistent link: https://www.econbiz.de/10010956139
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Lucas on the relationship between theory and ideology
De Vroey, Michel - Institut für Weltwirtschaft (IfW) - 2010
This paper concerns a neglected aspect of Lucas's work: his methodological writings, published and unpublished. Particular attention is paid to his views on the relationship between theory and ideology. I start by setting out Lucas's non-standard conception of theory: to him, a theory and a...
Persistent link: https://www.econbiz.de/10008805013
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Fundamental uncertainty, portfolio choice, and liquidity preference theory
Pasche, Markus - Institut für Weltwirtschaft (IfW) - 2009
One of Keynes’ core issues in his liquidity preference theory is how fundamental uncertainty affects the propensity to hold money as a liquid asset. The paper critically assesses various formal representations of fundamental uncertainty and provides an argument for a more bounded rational...
Persistent link: https://www.econbiz.de/10008561119
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Offshoring, Domestic Outsourcing, and Productivity: Evidence for a Number of European Countries
Schwörer, Tillmann - Institut für Weltwirtschaft (IfW) - 2012
The economic effects of offshoring have been subject to extensive empirical analysis in the past, but many studies have not accurately distinguished between offshoring, domestic outsourcing, and the substitution of domestic by foreign suppliers. In this study I provide stylized facts on...
Persistent link: https://www.econbiz.de/10010886967
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Learning by Exporting: Does It Matter Where One Learns?
Trofimenko, Natalia - Institut für Weltwirtschaft (IfW) - 2005
new knowledge, exporting to less developed markets should not generate as much productivity growth as exporting to …
Persistent link: https://www.econbiz.de/10010886992
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Multinational versus national firms on capital adjustment costs: A structural approach
Lapatinas, Athanasios - Institut für Weltwirtschaft (IfW) - 2015
This paper provides a different perspective on the firm-level empirical analysis of the relation between foreign ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a sample of 4672 Belgian firms observed between 2003 and...
Persistent link: https://www.econbiz.de/10011263001
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The export-productivity link for Brazilian manufacturing firms
Cirera, Xavier; Lederman, Daniel; Máñez, Juan A.; … - Institut für Weltwirtschaft (IfW) - 2015
, the authors test whether exporting boosts firms TFP growth (learning-by-exporting hypothesis) using matching techniques …-selection hypothesis and show that starting to export yields firms an extra TFP growth that emerges since the first year exporting but … lasts only from this year to the next. Further, this extra TFP growth is much higher under the assumption of an endogenous …
Persistent link: https://www.econbiz.de/10011263003
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Production Constraints and the NAIRU
Driver, Ciaran F.; Hall, Stephen G. - Institut für Weltwirtschaft (IfW) - 2007
This paper argues that the production constraints in the basic NAIRU model should be distinguished by type: capital constraints and labour constraints. It notes the failure to incorporate this phenomenon in standard macro models. Using panel data for UK manufacturing over eighty quarters it is...
Persistent link: https://www.econbiz.de/10005083405
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Die andere Seite Chinas: Strukturprobleme, Reformdefizite und verzögerte Aufholprozesse im chinesischen Binnenland
Raiser, Martin; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 1997
Persistent link: https://www.econbiz.de/10009276152