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In this paper we investigate the causal effect of life expectancy on economic growth by explicitly accounting for the role of the demographic transition. In addition to focusing on issues of empirical identification, this paper emphasizes the role of the econometric specification. We present a...
Persistent link: https://www.econbiz.de/10005061474
This paper provides evidence of heterogeneous treatment effects on trade from switching among three types of de-facto exchange rate regimes: freely floating, currency bands, and pegs or currency unions. A cottage literature at the interface of macroeconomics and international economics focuses...
Persistent link: https://www.econbiz.de/10009365643
We document the presence of multiple and varied constraints to small and medium firm growth. This presents both a practical problem for business training programs and a challenge to academic economists trying to identify mechanisms though which these programs may affect outcomes. External...
Persistent link: https://www.econbiz.de/10011184078
argue that these findings reflect a situation in which Southern banks have a monopoly of information concerning local firms …
Persistent link: https://www.econbiz.de/10005123529
of the BN decomposition when the information set includes other I (1) and/or stationary variables. We show that the … relative importance of the cyclical component depends on the information set, and in particular that multivariate BN … information set includes a variable which Granger-causes output. We illustrate the results for post-war data for the United States. …
Persistent link: https://www.econbiz.de/10005123570
-tech groups and direct information on each firm’s access to bank credit, high-tech firms are found to be more likely to be credit …
Persistent link: https://www.econbiz.de/10005123591
We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging … literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We … specifically consider information management in the form of acquisition of new information or disclosure of existing information …
Persistent link: https://www.econbiz.de/10005123850
We consider the role of asymmetric information on the emergence of collusion between criminals and enforcers, in the …
Persistent link: https://www.econbiz.de/10005124218
We study the impact of information revelation on efficiency in auctions. In a constrained-efficient mechanism, i.e. a … mechanism that is efficient subject to the incentive-compatibility constraint, any additional information available to bidders …-price sealed-bid auction, revelation of information might lead to efficiency losses. …
Persistent link: https://www.econbiz.de/10005067415
Digital goods are bit strings, sequences of 0s and 1s, that have economic value. They are distinguished from other goods by five characteristics: digital goods are non-rival, infinitely expansible, discrete, aspatial, and recombinant. The New Economy is one where the economics of digital goods...
Persistent link: https://www.econbiz.de/10005067419