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Henderson, Vernon - 1999

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

The Macroeconomist as Scientist and Engineer

Mankiw, N. Gregory - 2006

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

The New Comparative Economics

Djankov, Simeon - 2003

In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The …

Persistent link: https://www.econbiz.de/10012469090

Ricardo's Theory of Comparative Advantage : Old Idea, New Evidence

Costinot, Arnaud - 2012

replied: 'Ricardo's theory of comparative advantage'. Truth, however, in Samuelson's reply refers to the fact that Ricardo …'s theory of comparative advantage is mathematically correct, not that it is empirically valid. The goal of this paper is to … output predicted by Ricardo's theory of comparative advantage. Despite all of the real-world considerations from which this …

Persistent link: https://www.econbiz.de/10012460690

Human capital : a theoretical and empirical analysis, with special reference to education

Becker, Gary Stanley - 1975 - 2. ed.

Persistent link: https://www.econbiz.de/10000596963

Can Capital Mobility be Destabilizing?

Meng, Qinglai - 1999

In a standard two-sector neoclassical model with distortions, capital mobility can render the steady state indeterminate, in the sense that there exist infinitely many convergent paths. In the closed economy with no international capital mobility, the utility function must be linear or close to...

Persistent link: https://www.econbiz.de/10012471527

A Rent-Protection Theory of Corporate Ownership and Control

Bebchuk, Lucian Arye - 1999

This paper develops a rent-protection theory of corporate ownership structure - and in particular, of the choice …

Persistent link: https://www.econbiz.de/10012471585

Is Optimism Good in a Keynesian Economy?

Persson, Torsten - 1983

Assume that an economy is in a state of Keynesian unemployment. Since production is demand-determined there are bootstraps (multiple) equilibria. Then, the more optimist agents are about the future the higher will be theur demand today and hence current production. In that limited sense optimism...

Persistent link: https://www.econbiz.de/10012478032

The Theory of Local Public Goods Twenty-Five Years After Tiebout : A Perspective

Stiglitz, Joseph E. - 1982

This paper asks, under what conditions can the Fundamental Theorem of Welfare Economics be extended to economies with … redistributions) . Just as the Fundamental Theorem of Welfare Economics does not adequately reflect the vices and virtues of …

Persistent link: https://www.econbiz.de/10012478151

On Money as a Medium of Exchange in Near-Cashless Credit Economies

Lagos, Ricardo - 2019

that--in contrast to current conventional wisdom in policy-oriented research in monetary economics--the role of money in …

Persistent link: https://www.econbiz.de/10012479753

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