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Jones, Larry - 2000

Our purpose in this paper is to present a class of convex endogenous growth models, and to analyze their performance in terms of both growth and business cycle criteria. The models we study have close analogs in the real business cycle literature. In fact, we interpret the exogenous growth rate...

Persistent link: https://www.econbiz.de/10012471134

Growth Cycles

Evans, George - 1996

We construct a rational expectations model in which aggregate growth alternates between a low growth and a high growth state. When all agents expect growth to be slow, the returns on investment are low, and little investment takes place. This slows growth and confirms the prediction that the...

Persistent link: https://www.econbiz.de/10012473183

How Does Expropriation Risk Affect Innovation?

Benavente H., José Miguel; Bravo Ortega, Claudio; … - National Bureau of Economic Research - 2024

We analyze how expropriation risk reduces incentives for innovation and reallocates resources from the innovative … risk, such as corruption, negatively impacts innovation by reducing R&D expenditure, human capital in R&D, number of … highlight the detrimental effects of expropriation risk on innovation and economic development at the country level …

Persistent link: https://www.econbiz.de/10014512142

The Cleansing Effect of Recessions

Caballero, Ricardo J. - 1991

of ?creative destruction.? Due to process and product innovation, production units that embody the newest techniques are …

Persistent link: https://www.econbiz.de/10012475062

Mega Firms and Recent Trends in the U.S. Innovation : Empirical Evidence from the U.S. Patent Data

Braginskij, Sergej V.; Choi, Joonkyu; Ding, Yuheng; Jo, … - National Bureau of Economic Research - 2023

We use the U.S. patent data merged with firm-level datasets to establish new facts about the role of mega firms in generating "novel patents"--innovations that introduce new combinations of technology components for the first time. While the importance of mega firms in novel patents had been...

Persistent link: https://www.econbiz.de/10014322847

Uncovering Some Causal Relationships between Productivity Growth and the Structure of Economic Fluctuations : A Tentative Survey

Aghion, Philippe - 1993

This paper discusses recent theoretical and empirical work on the interactions between growth and business cycles. One may distinguish two very different types of approaches to the problem of the influence of macroeconomic fluctuations on long-run growth. In the first type of approach, which...

Persistent link: https://www.econbiz.de/10012474337

Business cycles : theory, history, indicators, and forecasting

Zarnowitz, Victor - 1992

Persistent link: https://www.econbiz.de/10000134802

The business cycle today

Zarnowitz, Victor (contributor) - 1972

Persistent link: https://www.econbiz.de/10000053485

Business cycle research and the needs of our times

Burns, Arthur F. - 1953

Persistent link: https://www.econbiz.de/10001562752

Sticky-Price Models of the Business Cycle : Specification and Stability

Ireland, Peter N. - 2000

This paper focuses on the specification and stability of a dynamic, stochastic, general equilibrium model of the American business cycle with sticky prices. Maximum likelihood estimates reveal that the data prefer a version of the model in which adjustment costs apply to the price level but not...

Persistent link: https://www.econbiz.de/10012471265

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