Showing 1 - 10 of 162
This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU member states from 1998 to 2007. We find that (a) the...
Persistent link: https://www.econbiz.de/10010790516
Argentina is the only country in the world that was "developed" in 1900 and "developing" in 2000. The various competing … explanations highlight, mainly, the roles of trade openness, political institutions, financial integration, financial development …
Persistent link: https://www.econbiz.de/10011095511
economic development. If the sociopolitical, legal and economic transformations in the Anglo-Saxon world in the last three … identification, they too narrowly defined what Northian institutions entail. As a matter of fact, political, legal and economic … institutions are highly malleable even in advanced economies, while sustained economic growth could well be deep rooted in …
Persistent link: https://www.econbiz.de/10010584367
This paper develops a model with multiple market locations in which the quality of intangible assets of firms, provided by management, determines the firms’ performance. Despite an ex ante symmetry of potential entrants, the equilibrium assignment of heterogeneous managerial skills to firms...
Persistent link: https://www.econbiz.de/10005822446
Pressure on public finances has increased scrutiny of public support for innovation. We examine two particular issues. First, there have been many recent calls for the (relatively new) UK R&D subsidy to be extended to other “research” activities, such as software. Second, argument still...
Persistent link: https://www.econbiz.de/10008615440
provide a quantitative summary of the available evidence regarding the influence of labour market institutions on real wage …
Persistent link: https://www.econbiz.de/10005822141
characteristics of workers, changes in the institutions of the labour market, in skill-biased technological progress and increasing …
Persistent link: https://www.econbiz.de/10005822491
We analyze the endogenous evolution of economic and political institutions and the interdependencies with the process … of economic development. Favorable economic institutions ensure the appropriability of rents in form of a state of law … necessary. Inequality in endowments and incomes prolongs the absence of good institutions and delays democratization. Conversely …
Persistent link: https://www.econbiz.de/10005822516
We present a model of wage contract violation that implies a possibility of multiple equilibria in the level of arrears. Positive feedback arises because each employer's arrears affect the costs of late payment faced by other employers operating in the same labor market, resulting in a network...
Persistent link: https://www.econbiz.de/10005822557
We analyze a large stratified random sample of firms that provide us with measures of performance and each firm’s top manager’s perception of the severity of business environment constraints faced by his/her firm. Unlike most existing studies that rely on external and aggregated proxy...
Persistent link: https://www.econbiz.de/10005822639