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The Austrian theory of the "marginal use" is restated and extended. It is found that the Austrian concept of marginal …
Persistent link: https://www.econbiz.de/10012478959
This paper estimates the nature and magnitude of the local externalities from own industry scale, as envisioned by Marshall. Census panel data on individual plants in high-tech and machinery industries across up to 487 countries are utilized, to quantify the direct effects of local external...
Persistent link: https://www.econbiz.de/10012471426
This essay offers a brief history of macroeconomics, together with an evaluation of what has been learned over the past several decades. It is based on the premise that the field has evolved through the efforts of two types of macroeconomist-- those who understand the field as a type of...
Persistent link: https://www.econbiz.de/10012466316
recent economics research on prominent ideas in moral psychology. First, the theory that morality is ultimately economically … politico-economic outcomes influence each other if they engage with research in economics …
Persistent link: https://www.econbiz.de/10014512133
This paper examines the effects of a proportional capital gains tax in an economy with an Austrian sector (with wine and trees) and an ordinary sector. We analyze the effect of capital gains taxation (on both an accrual and a realization basis) on the efficiency with which resources are used...
Persistent link: https://www.econbiz.de/10012478357
technological information. FDI is an alternate, potentially equally important channel for the mediation of such knowledge spillovers …. I introduce a framework for measuring international knowledge spillovers at the firm level, and I use this framework to … directly test the hypothesis that FDI is a channel of knowledge spillovers for Japanese multinationals undertaking direct …
Persistent link: https://www.econbiz.de/10012470716
We study whether current spending levels and public knowledge of them contribute to transatlantic differences in policy … effects vary by prior knowledge in a manner consistent with information effects rather than priming. Support for salary …
Persistent link: https://www.econbiz.de/10012455872
We study the relationships between corporate R&D and three components of public science: knowledge, human capital, and … established firms, which account for more than three-quarters of business R&D, is affected by scientific knowledge produced by … commercialize university inventions. Moreover, abstract knowledge advances per se elicit little or no response. Our findings …
Persistent link: https://www.econbiz.de/10014437030
economics research findings on how openness to trade has affected labor market outcomes or goods prices. Across annual surveys …
Persistent link: https://www.econbiz.de/10014287341