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E-payments: modern complement to traditional payment systems
Heng, Stefan - EconWPA - 2004
The challenges of payment transactions in electronic commerce were initially underestimated, as is now clear in the light of technological progress and stricter legislation, meaning traditional business models are increasingly coming up against their limits. Only secure, user- friendly and...
Persistent link: https://www.econbiz.de/10005561569
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INDIAN VENTURE CAPITALISTS (VCs) INVESTMENT EVALUATION CRITERIA
Mishra, Asim - EconWPA - 2005
The Venture capital (VC) industry in India is of recent origin. However, the average investment value of each deal in India have grown from $3.85 million in 2000 to $7.89 million in 2001.These developments together with the recent steps taken by government to promote venture capitalism in India...
Persistent link: https://www.econbiz.de/10005134795
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How Do You Measure a "Technological Revolution"?
Corrado, Carol A.; Hulten, Charles R. - In: American Economic Review 100 (2010) 2, pp. 99-104
Persistent link: https://www.econbiz.de/10008584560
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Entry, Exit, and Investment-Specific Technical Change
Samaniego, Roberto M. - In: American Economic Review 100 (2010) 1, pp. 164-92
Using European data, this paper finds that (i) industry entry and exit rates are positively related to industry rates of investment-specific technical change (ISTC); and (ii) the sensitivity of industry entry and exit rates to cross-country differences in entry costs depends on industry rates of...
Persistent link: https://www.econbiz.de/10008622174
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Reallocation and Technology: Evidence from the US Steel Industry
Collard-Wexler, Allan; Loecker, Jan De - In: American Economic Review 105 (2015) 1, pp. 131-71
We measure the impact of a drastic new technology for producing steel--the minimill--on industry-wide productivity in …'s productivity is linked to this new technology through two distinct mechanisms: (i) the mere displacement of the older technology … (vertically integrated producers) was responsible for a third of the increase in the industry's productivity, and (ii) increased …
Persistent link: https://www.econbiz.de/10011107212
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Restructuring Research: Communication Costs and the Democratization of University Innovation
Agrawal, Ajay; Goldfarb, Avi - In: American Economic Review 98 (2008) 4, pp. 1578-90
We report evidence that Bitnet adoption facilitated increased research collaboration between US universities. However, not all institutions benefited equally. Using panel data from seven top engineering journals, Bitnet connection records, and institution ranking data, we find that middle-tier...
Persistent link: https://www.econbiz.de/10005571534
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Population, Food, and Knowledge
Johnson, D. Gale - In: American Economic Review 90 (2000) 1, pp. 1-14
Persistent link: https://www.econbiz.de/10005821564
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Investment and Usage of New Technologies: Evidence from a Shared ATM Network
Ferrari, Stijn; Verboven, Frank; Degryse, Hans - In: American Economic Review 100 (2010) 3, pp. 1046-79
The success of new technologies depends on both the firms' investment and consumers' usage decisions. We study this problem in a shared ATM network. Inefficiencies may arise because banks coordinate investment, and consumers may not make proper use of the network. Based on an empirical model of...
Persistent link: https://www.econbiz.de/10008542942
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Asset Fire Sales and Credit Easing
Shleifer, Andrei; Vishny, Robert W. - In: American Economic Review 100 (2010) 2, pp. 46-50
Persistent link: https://www.econbiz.de/10008584496
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Financing Development: The Role of Information Costs
Greenwood, Jeremy; Sanchez, Juan M.; Wang, Cheng - In: American Economic Review 100 (2010) 4, pp. 1875-91
To address how technological progress in financial intermediation affects the economy, a costly-state verification framework is embedded into the standard growth model. The framework has two novel ingredients. First, firms differ in the risk/return combinations that they offer. Second, the...
Persistent link: https://www.econbiz.de/10008645022