Showing 1 - 10 of 1,732
Over the last three decades, Mexico has aggressively reformed its economy, opening to foreign trade and investment …
Persistent link: https://www.econbiz.de/10012462187
So long as the entry and exit of firms using the generic technology sets the price in an industry, one or more price-taking firms can coexist with proprietary technologies yielding more or less substantial quasi-rents to the sunk development costs. Consumer welfare is increased if an innovator...
Persistent link: https://www.econbiz.de/10012466574
One of the most cherished propositions in economics is that market competition by and large raises consumer welfare …. But whether political competition has similarly virtuous consequences is far less discussed. This paper formulates a model … to explain why political competition may enhance economic performance and uses the United States as a testing ground for …
Persistent link: https://www.econbiz.de/10012467195
Latin American countries are the only Western countries that are poor and that aren't gaining ground on the United States. This paper evaluates why Latin America has not replicated Western economic success. We find that this failure is primarily due to TFP differences. Latin America's TFP gap is...
Persistent link: https://www.econbiz.de/10012467679
Between 1880 and 1920, the US agricultural employment share fell from 50% to 25%. However, despite aggregate demand shifting away from their sector of specialization, rural labor markets saw faster wage growth and industrialization than non-agricultural parts of the US. We propose a spatial...
Persistent link: https://www.econbiz.de/10013388845
1827. These estimates are used to assess the vulnerability of the antebellum iron industry to foreign competition and the …
Persistent link: https://www.econbiz.de/10012465198
shifts. By shocks we mean sudden jolts to the world economy in the form of financial crises and deep recessions, or wars and …
Persistent link: https://www.econbiz.de/10012461059
The Argentine economy was transformed in the late nineteenth century by the mass migration of millions of Europeans … on the scale and structure of the Argentine economy and tries to resolve various competing hypotheses. The paper presents …
Persistent link: https://www.econbiz.de/10012471327
lead to changes in GDP growth that may be as large as three times these sectors' share in the economy. We find that trend …
Persistent link: https://www.econbiz.de/10012479816
that can help countries capitalize on the opportunities afforded by an increasingly globalized post-industrial economy …
Persistent link: https://www.econbiz.de/10012463681