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Interactions between economic development and financial development are studied by looking at the roles of financial institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the evolution of the financing regimes. The...
Persistent link: https://www.econbiz.de/10010928613
Interactions between economic development and financial development are studied by looking at the roles of financial institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the evolution of the financing regimes. The...
Persistent link: https://www.econbiz.de/10010745283
How much would output increase if underdeveloped economies were to increase their levels of schooling? We contribute to the development accounting literature by describing a nonparametric upper bound on the increase in output that can be generated by more schooling. The advantage of our approach...
Persistent link: https://www.econbiz.de/10010745364
Persistent link: https://www.econbiz.de/10010884706
and productivity. We decompose the spatial variation of earnings into a productivity effect and an occupational … that doubling the population of working age proximate to an area is associated with a 3.5% increase in productivity in the …
Persistent link: https://www.econbiz.de/10010745300
The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that … intensively use information technologies (IT). This has not occurred in Europe. If the US “productivity miracle” is due to a … abroad. This paper shows in fact that US multinationals operating in the UK do have higher productivity than non …
Persistent link: https://www.econbiz.de/10011071454
Unilateral minimum quality standards are endogenously determined as the outcome of a non-cooperative standard-setting game between the governments of two countries. Cross-country externalities from the implementation of minimum quality standards are shown to give rise to a Prisoners' Dilemma...
Persistent link: https://www.econbiz.de/10010745944
many services types. These firms are characterised by bigger size and higher than average productivity, all of which seem …
Persistent link: https://www.econbiz.de/10010746380
How well does the theory of the firm explain the choice between intrafirm and arms' length trade? This paper uses firm-level import data from France to look into this question. We find support for three key predictions of property-rights theories of the multinational firm. Intrafirm imports are...
Persistent link: https://www.econbiz.de/10011125894
failure of meritocracy that reduces a firm’s Total Factor Productivity. We present a simple model that studies the … Factor Productivity. …
Persistent link: https://www.econbiz.de/10010928662