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Geography, Economic Policy, and Regional Development in China

Woo, Wing Thye; Demurger, Sylvie; Sachs, Jeffrey D.; … - National Bureau of Economic Research (NBER) - 2002

. We decomposed the location dummies in provincial growth regressions to obtain estimates of the effects of geography and … policy on provincial growth rates in 1996-99. Their respective contributions in percentage points were 2.5 and 3.5 for the … fundamental to increasing western growth, but increasing human capital formation (education and medical care) is also crucial …

Persistent link: https://www.econbiz.de/10005050103

Diversity and Redistribution

Fernandez, Raquel; levy, gilat - National Bureau of Economic Research (NBER) - 2005

This paper examines how preference heterogeneity affects the ability of the poor to extract resources from the rich. We study the equilibrium of a game in which coalitions of individuals form parties, parties propose platforms, and all individuals vote, with the winning policy chosen by...

Persistent link: https://www.econbiz.de/10005061550

Inequality, Social Discounting and Estate Taxation

Farhi, Emmanuel; Werning, Iván - National Bureau of Economic Research (NBER) - 2005

To what degree should societies allow inequality to be inherited? What role should estate taxation play in shaping the … where efficiency requires immiseration: inequality grows without bound and everyone's consumption converges to zero. However …

Persistent link: https://www.econbiz.de/10005079170

Wage Inequality and Segregation by Skill

Kremer, Michael; Maskin, Eric S. - National Bureau of Economic Research (NBER) - 1996

Evidence from the US, Britain, and France suggests that recent growth in wage inequality has been accompanied by … imperfect substitutes can simultaneously account for these increases in segregation and inequality either through technological …

Persistent link: https://www.econbiz.de/10005714681

Behavioral Law and Economics

Jolls, Christine - National Bureau of Economic Research (NBER) - 2007

Behavioral economics has been a growing force in many fields of applied economics, including public economics, labor economics, health economics, and law and economics. This paper describes and assesses the current state of behavioral law and economics. Law and economics had a critical (though...

Persistent link: https://www.econbiz.de/10005720276

The Impact of Medicare Part D on Pharmaceutical R&D

Sood, Neeraj; Blume-Kohout, Margaret E. - National Bureau of Economic Research (NBER) - 2008

Recent evidence suggests that Medicare Part D has increased prescription drug use among the elderly, and earlier studies have indicated that increasing market size induces pharmaceutical innovation. This paper assesses the impact of Medicare Part D on pharmaceutical research and development...

Persistent link: https://www.econbiz.de/10005828619

Schumpeterian Profits in the American Economy: Theory and Measurement

Nordhaus, William D. - National Bureau of Economic Research (NBER) - 2004

The present study examines the importance of Schumpeterian profits in the United States economy. Schumpeterian profits are defined as those profits that arise when firms are able to appropriate the returns from innovative activity. We first show the underlying equations for Schumpeterian...

Persistent link: https://www.econbiz.de/10005828659

Is Peer Review in Decline?

Ellison, Glenn - National Bureau of Economic Research (NBER) - 2007

Over the past decade there has been a decline in the fraction of papers in top economics journals written by economists from the highest-ranked economics departments. This paper documents this fact and uses additional data on publications and citations to assess various potential explanations....

Persistent link: https://www.econbiz.de/10005828998

Stronger Protection or Technological Revolution: What is Behind the Recent Surge in Patenting?

Kortum, Samuel; Lerner, Josh - National Bureau of Economic Research (NBER) - 1997

We investigate the cause of an unprecedented surge of U.S. patenting over the past" decade. Conventional wisdom points to the establishment of the Court of Appeals of the" Federal Circuit by Congress in 1982. We examine whether this institutional change benefitted patent holders, explains the...

Persistent link: https://www.econbiz.de/10005829097

Creative Careers: The Life Cycles of Nobel Laureates in Economics

Weinberg, Bruce A.; Galenson, David W. - National Bureau of Economic Research (NBER) - 2005

This paper studies life cycle creativity among Nobel laureate economists. We identify two distinct life cycles of scholarly creativity. Experimental innovators work inductively, accumulating knowledge from experience. Conceptual innovators work deductively, applying abstract principles. We find...

Persistent link: https://www.econbiz.de/10005829146