illustrate their significance for growth accounting using the well known model of Greenwood, Hercowitz and Krusell (1997), who … find that about 60% of economic growth can be attributed to investment-specific technical change (ISTC). When we … post-war US growth. …

. We address this issue in the context of a natural experiment from English soccer, where one particular league introduced … and soccer-wide effects. The results are consistent with a financial incentive effect as a result of professional referees …

important international football matches. We examine goal-scoring from 1960 onwards in full 'A' international matches of six …

This paper analyzes the effects of top earnings tax rates on the international migration of top football players in … Europe. We construct a panel data set of top earnings tax rates, football player careers, and club performances in the first … tax and institutional changes: (a) the 1995 Bosman ruling which liberalized the European football market, (b) top tax rate …

In sport tournaments, the rules are presumably structured in a way that any team cannot be better off (e.g., to advance …, might produce a situation where a team will be strictly better off by losing a game. Competition rules of the European …

We study the relationship between geography and growth. To do so, we first develop a dynamic spatial growth theory with … realistic geography. We characterize the model and its balanced growth path and propose a methodology to analyze equilibria with …

This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader … institutional development. After reporting results from standard growth regressions, I analyze the role of Africa’s peculiar history …, which has been marked by its colonization experience. Next I discuss the potential growth impact of state fragility, a …

A competitive stock market is embedded into a neoclassical growth economy to analyze the interplay between the … economic growth by raising total factor productivity, but its impact is only transitory. Several predictions on the evolution …