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Welfare Analysis in a Schumpeterian Growth Model with Capital
Hagedorn, Marcus; Kaul, Ashok; Reinthaler, Volker - Institute for the Study of Labor (IZA) - 2001
In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10005703487
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Unemployment Invariance
Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002
This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...
Persistent link: https://www.econbiz.de/10005822664
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Social Capital, Innovation and Growth: Evidence from Europe
Akçomak, I. Semih; ter Weel, Bas - Institute for the Study of Labor (IZA) - 2008
This paper investigates the interplay between social capital, innovation and per capita income growth in the European … Union. We model and identify innovation as an important mechanism that transforms social capital into higher income levels …. In an empirical investigation of 102 European regions in the period 1990-2002, we show that higher innovation performance …
Persistent link: https://www.econbiz.de/10005703394
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Distribution and Growth in an Economy with Limited Needs
Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2001
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10005762377
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Immigration and Innovation in European Regions
Ozgen, Ceren; Nijkamp, Peter; Poot, Jacques - Institute for the Study of Labor (IZA) - 2011
data on 170 regions in Europe (NUTS 2 level) for the periods 1991-1995 and 2001-2005. Innovation outcomes are measured by … diffusion of innovation activity, and the spatial selectivity of immigrants' location choices, we take account of spatial …'s restaurants as a novel instrument for immigration. The results confirm that innovation is clearly a function of regional …
Persistent link: https://www.econbiz.de/10009003950
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Culture, Entrepreneurship, and Growth
Doepke, Matthias; Zilibotti, Fabrizio - Institute for the Study of Labor (IZA) - 2013
We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that affect the steepness of the lifetime consumption profile....
Persistent link: https://www.econbiz.de/10010670827
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Can the University Save Europe?
Ritzen, Jo - Institute for the Study of Labor (IZA) - 2012
research would be helpful. Universities can contribute to recreating hope and optimism through more innovation in the economy. …
Persistent link: https://www.econbiz.de/10010556213
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The Division of Labor and the Market for Organizations
Lindbeck, Assar; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2000
The paper examines the determinants of the division of labor within firms. It provides an explanation of the pervasive observed changes in work organization away from the traditional functional departments and towards multi-tasking and job rotation. Whereas the existing literature on the...
Persistent link: https://www.econbiz.de/10005700971
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Outsourcing and Technological Innovations: A Firm-Level Analysis
Bartel, Ann P.; Lach, Saul; Sicherman, Nachum - Institute for the Study of Labor (IZA) - 2008
This paper presents a dynamic model that analyzes how firms’ expectations with regards to technological change influence the demand for outsourcing. We show that outsourcing becomes more beneficial to the firm when technology is changing rapidly. As the pace of innovations in production...
Persistent link: https://www.econbiz.de/10005703231
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The Adoption and Diffusion of Organizational Innovation: Evidence for the U.S. Economy
Lynch, Lisa M. - Institute for the Study of Labor (IZA) - 2007
States during the 1990’s, I examine the incidence and intensity of organizational innovation and the factors associated with … investments in organizational innovation. Past profits tend to be positively associated with organizational innovation. Employers … being part of a multi-establishment firm) are more likely to invest in organizational innovation. Investments in human …
Persistent link: https://www.econbiz.de/10005703412