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Total Factor Productivity and the Role of Entrepreneurship

Erken, Hugo; Donselaar, Piet; Thurik, Roy - Tinbergen Instituut

Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that – when this variable is added...

Persistent link: https://www.econbiz.de/10011256507

From Tradition to Modernity: Economic Growth in a Small World

Lindner, Ines; Strulik, Holger - Tinbergen Instituut - 2012

(Watts and Strogatz, Nature, 1998) into the theory of economic growth and investigates how increasing economic integration … institutions are needed to keep entrepreneurs in check. A gradual take-off to perpetual growth is explained by a feedback effect … from investment to the formation of long-distance links and the diffusion of knowledge. If formal institutions are weak …

Persistent link: https://www.econbiz.de/10011255851

Optimal Management with Potential Regime Shifts

Polasky, Stephen; Zeeuw, Aart de; Wagener, Florian - Tinbergen Instituut - 2010

future regime shift affects optimal management. We use a simple general growth model to analyze four cases that involve …

Persistent link: https://www.econbiz.de/10011257314

Efficiency Gains of a European Banking Union

Schoenmaker, Dirk; Siegmann, Arjen - Tinbergen Instituut - 2013

An anticipated benefit of the prospective European Banking Union is stronger supervision of European banks. Another benefit would be enhanced resolution of banks in distress. While national governments confine themselves to the domestic effects of a banking failure, a European Resolution...

Persistent link: https://www.econbiz.de/10011255493

Is there such a Thing called Scientific Waste?

Dalen, Hendrik P. van; Klamer, Arjo - Tinbergen Instituut - 2005

Science is a winner-take-all profession in which only few contributions get excessive attention and the large majority of papers_new remains receives scant or no attention. This so-called ‘waste’ together with all the competitive strategies of scientists seeking attention is part and parcel...

Persistent link: https://www.econbiz.de/10011255623

Can European Bank Bailouts work?

Schoenmaker, Dirk; Siegmann, Arjen - Tinbergen Instituut - 2012

Cross‐border banking needs cross‐border recapitalisation mechanisms. Each mechanism, however, suffers from the financial trilemma, which is that cross‐border banking, national financial autonomy and financial stability are incompatible. In this paper, we study the efficiency of different...

Persistent link: https://www.econbiz.de/10011255675

The Financial Trilemma

Schoenmaker, Dirk - Tinbergen Instituut - 2011

The financial trilemma states that financial stability, financial integration and national financial policies are incompatible. Any two of the three objectives can be combined but not all three; one has to give. This paper develops a model to underpin the financial trilemma. Our findings for...

Persistent link: https://www.econbiz.de/10011255785

Social Ties in a Public Good Experiment

Dijk, Frans van; Sonnemans, Joep; Winden, Frans van - Tinbergen Instituut - 1996

The formation of social ties is examined in an experimental study of voluntary public good provision. The experiment consists of three parts. In the first part the value orientation (attitude to a generalized other) ismeasured. In the second part couples play 25 periods of a public good game. In...

Persistent link: https://www.econbiz.de/10011256082

Efficient Allocation of Land between Productive Use and Recreational Use - An Application to Galician Case

Giménez, Eduardo L.; González-Gómez, Manuel - Tinbergen Instituut - 2001

In this paper the efficient allocation of natural recreational areasis analysed. Natural recreational areas have the features of publicgoods. We present the efficient allocation of this non-excludablepublic good in a rational general equilibrium model withheterogeneous agents. This allows us to...

Persistent link: https://www.econbiz.de/10011256338

The Design of (De)centralized Punishment Institutions for Sustaining Co-operation

Kosfeld, Michael; Riedl, Arno - Tinbergen Instituut - 2004

This discussion paper has resulted in the publication (2007) 'Order without law? Experimental evidence on voluntary cooperation and sanctioning', 2007, <I>KritV - Kritische Vierteljahresschrift fur Gesetzgebung und Rechtswissenschaft</I>, 90, 1-2, 140-155.In this paper we discuss experimental evidence...</i>

Persistent link: https://www.econbiz.de/10011256917