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relationships between investment, productivity, and economic growth are much more complex and unpredictable than commonly assumed … economic growth than the total amount invested. In other words, it matters less how much is invested than who does the …
Persistent link: https://www.econbiz.de/10011019067
The publication of János Kornai’s memoirs, By Force of Thought, provides an excellent opportunity to remind ourselves of Kornai’s great contributions to economic research. This paper discusses both his basic research strategy and some of his main research results. Kornai has usually dealt...
Persistent link: https://www.econbiz.de/10005771097
The Industrial Institute of Economic and Social Research (IUI) was founded in 1939. In less than ten years, IUI grew from a small survey bureau to a leading research institute focused on microeconomic research relevant to industrial development. Based on a number of new commemorative essays and...
Persistent link: https://www.econbiz.de/10008543205
This paper addresses various attempts by so-called new Keynesians, writing mainly in the 1980s and 1990s, to strengthen the analytical basis, in particular the microeconomic foundations, of these assertions. What, exactly, have then the new Keynesians accomplished, and how should their...
Persistent link: https://www.econbiz.de/10005639306
This paper addresses various attempts by so-called new Keynesians, writing mainly in the 1980s and 1990s, to strengthen the analytical basis, in particular the microeconomic foundations, of these assertions. What, exactly, have then the new Keynesians accomplished, and how should their...
Persistent link: https://www.econbiz.de/10010699974
identified can only be fairly compensated through sharing in firm value growth in the equity market, exhibiting undervaluation of …
Persistent link: https://www.econbiz.de/10011019063
This paper analyses the effects of price and market size variables on the investment propensities in the pulp and paper industry. A panel of 15 European countries in the time period 1984 - 1997 is used in the regression analysis. We find the wages, the US/ECU exchange rate, the price of paper...
Persistent link: https://www.econbiz.de/10005207063
No abstract.
Persistent link: https://www.econbiz.de/10010611592
This paper develops a new analystical approach to the old question whether market conditions may influence the internal efficiency of firms. The basic textbook model of the firm is slightly extended to incorporate managers' incentives to reduce production costs in an imperfectly competitive...
Persistent link: https://www.econbiz.de/10005486493
Unlike previous analyses, we consider (i) that IT may affect productivity growth both directly and indirectly, through … consequences of erroneously disregarding (i) and (ii) we shed light on the small or negative growth effects found in early U … increasing thereafter, and, also, generated large differences in growth effects across industries.  …
Persistent link: https://www.econbiz.de/10005419532