Showing 1 - 10 of 204
This paper starts from two sets of facts about Continental Europe.The first is the steady increase in unemployment since the early 1970s. The second is the evolution of the capital share, an initial decline in the 1970s, followed by a much larger increase since the mid-1980s. The paper then...
Persistent link: https://www.econbiz.de/10014158147
This paper presents five theoretical openness-and-growth links that can account for trade-induced investment-led growth …, cross-country data suggests that openness influences growth only via its effect on investment, and suggests that openness … promotes investment in all countries whatever the capital-intensive of their exports (contrary to predictions of the old …
Persistent link: https://www.econbiz.de/10014158621
consumption or investment. In this way, aggregate demand would be maintained by substituting public consumption for private …
Persistent link: https://www.econbiz.de/10014135796
.2% higher today if productivity-enhancing investment intensity had remained at its pre-crisis level …
Persistent link: https://www.econbiz.de/10012964611
While patent systems have been widely used both historically and internationally, there is nonetheless a tremendous amount of controversy over whether patent systems – in practice – improve the alignment between private returns and social contributions. In this paper, I describe three...
Persistent link: https://www.econbiz.de/10012964879
This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with overlapping ownership. We …
Persistent link: https://www.econbiz.de/10012968865
to long-run uncertainty than investment, and in turn investment is relatively more sensitive to long-run uncertainty than … show that lower depreciation rates and higher adjustment costs lead R&D and investment to be more sensitive to longer … be particularly damaging to growth by reducing R&D and investment …
Persistent link: https://www.econbiz.de/10012948927
This paper investigates the relationship linking investment (capital stock) and structural policies. Using a panel of … with less investment (lower capital stock). The paper also sheds light on the existence of non-linear effects of product …, barriers to entrepreneurship and barriers to trade and investment) tend to amplify the negative relationships between product …
Persistent link: https://www.econbiz.de/10012956879
The distinction between production and purchases of investment goods is essential for quantifying the response to … changes in investment tax incentives. If investment goods are tradeable, a large fraction of the demand from changes in tax … subsidies will be met from abroad. This difference between production and purchases implies that investment tax incentives will …
Persistent link: https://www.econbiz.de/10012956918
Using an intertemporal model of saving and capital accumulation with two types of agents (workers and capitalists) we demonstrate that it is impossible for any binding minimum wage to increase the after-tax incomes of workers if the production function is Cobb-Douglas with constant returns to...
Persistent link: https://www.econbiz.de/10012988396