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Synergizing Ventures
Akcigit, Ufuk; Dinlersoz, Emin M.; Greenwood, Jeremy; … - 2019
matching between startups and financiers, and the taxation of VC-backed startups matter significantly for growth. …Venture capital (VC) and growth are examined both empirically and theoretically. Empirically, VC-backed startups have … higher early growth rates and initial patent quality than non-VC-backed ones. VC-backing increases a startup’s likelihood of …
Persistent link: https://www.econbiz.de/10012141061
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Synergizing Ventures
Akcigit, Ufuk - 2019
matching between startups and financiers, and the taxation of VC-backed startups matter significantly for growth …Venture capital (VC) and growth are examined both empirically and theoretically. Empirically, VC-backed startups have … reaching the right tails of the firm size and innovation distributions. Furthermore, outcomes are better for startups matched …
Persistent link: https://www.econbiz.de/10012861411
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Productivity Shocks and Aggregate Fluctuations in an Estimated Endogenous Growth Model with Human Capital
Malley, Jim - 2011
Employing an endogenous growth model with human capital, this paper explores how productivity shocks in the goods and human capital producing sectors contribute to explaining aggregate fluctuations in output, consumption, investment and hours. Given the importance of accounting for both the...
Persistent link: https://www.econbiz.de/10013120659
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Endogenous Repo Cycles
Arbuzov, Vyacheslav - 2019
This paper presents a simple and tractable equilibrium model of repos, where collateralized credit emerges under limited commitment. We show that even if there is no time variation in fundamentals, repo markets can fluctuate endogenously over time. In our theory, repo market fragilities are...
Persistent link: https://www.econbiz.de/10012892066
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Investment Rules and Time Invariance Under Population Growth
Asheim, Geir - 2020
We propose an adaptation of Hartwick's investment rule to models with population growth and show that following Hartwick's rule is equivalent to a time-invariant real per capita net national product. In the so-called DHSS model of capital accumulation and resource depletion the proposed...
Persistent link: https://www.econbiz.de/10012824585
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Climate Change Expectations and Endogenous Economic Growth in the Dice Model
Ciesielski, Anna - 2019
This paper studies the investment based growth rate effects of climate change. The analysis is based on the Integrated Assessment Model DICE by Nordhaus (2008). I depart from the original model, in that endogenous investments into a knowledge stock drive economic growth. Due to a negative...
Persistent link: https://www.econbiz.de/10012865176
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Demographic Change and Climate Change
Rauscher, Michael - 2019
The paper uses a continuous-time overlapping-generations model with endogenous growth and pollution accumulation over time to study the link between longevity and global warming. It is seen that increasing longevity accelerates climate change in a business-as-usual scenario without climate...
Persistent link: https://www.econbiz.de/10012866368
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Estimated Human Capital Externalities in an Endogenous Growth Framework
Malley, James R. - 2019
To better understand the quantitative implications of human capital externalities at the aggregate level, we estimate a two-sector endogenous growth model with knowledge spill-overs. To achieve this, we account for trend growth in a model consistent fashion and employ a Markov-chain Monte-Carlo...
Persistent link: https://www.econbiz.de/10012871759
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Ten Facts on Declining Business Dynamism and Lessons from Endogenous Growth Theory
Akcigit, Ufuk - 2019
In this paper, we review the literature on declining business dynamism and its implications in the United States and propose a unifying theory to analyze the symptoms and the potential causes of this decline. We first highlight 10 pronounced stylized facts related to declining business dynamism...
Persistent link: https://www.econbiz.de/10012861425
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The Role of Human Capital in Structural Change and Growth in an Open Economy : Innovative and Absorptive Capacity Effects
Bye, Brita; Faehn, Taran - 2021
productivity growth: to increase the innovative capacity by participating in research and development (R&D), and to increase the …
Persistent link: https://www.econbiz.de/10013249658