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Production Technologies in Stochastic Continuous Time Models

Wälde, Klaus - 2009

Properties of dynamic stochastic general equilibrium models can be revealed by either using numerical solutions or qualitative analysis. Very precise and intuition-building results are obtained by working with models which provide closed-form solutions. Closed-form solutions are known for a...

Persistent link: https://www.econbiz.de/10013155278

The Internationalisation of R&D and the Knowledge Production Function

Garcia-Vega, Maria; Hofmann, Patricia; Kneller, Richard - 2021

This paper considers the effect of acquisition FDI on the knowledge production function. We distinguish between acquisitions by MNEs from technologically leading countries and those behind the technological frontier. We show that both acquire similarly R&D intensive domestic firms, but there are...

Persistent link: https://www.econbiz.de/10013315933

Democratic Tipping Points

Ciccone, Antonio - 2018

I examine whether transitory events can tip the scales against authoritarian regimes and lead to persistent democratization. I think of situations where this is a possibility as democratic tipping points. The transitory events I focus on are rainfall shocks in the most agricultural countries in...

Persistent link: https://www.econbiz.de/10012919235

Why is Measured Productivity so Low in Agriculture?

Herrendorf, Berthold - 2015

In poor countries, labor productivity in agriculture is considerably lower than in the rest of the economy. We assess … between the marginal value products of agriculture and non-agriculture are considerably smaller when measured through wages … than through labor productivities. Third, labor productivity in agriculture is severely mis-measured in the US …

Persistent link: https://www.econbiz.de/10013015078

Coerced Labor in the Cotton Sector : How Global Commodity Prices (Don't) Transmit to the Poor

Danzer, Alexander M. - 2016

This paper investigates the economic fortunes of coerced vs. free workers in a global supply chain. To identify the differential treatment of otherwise similar workers we resort to a unique exogenous labor demand shock that affects wages in voluntary and involuntary labor relations differently....

Persistent link: https://www.econbiz.de/10012987397

Essential Inputs and Unbounded Output : An Alternative Characterization of the Neoclassical Production Function

Irmen, Andreas - 2015

intuitive appeal of the latter feature, we conclude that the neoclassical growth model is a theory of eventual stagnation …

Persistent link: https://www.econbiz.de/10013030479

Top of the Class : The Importance of Ordinal Rank

Murphy, Richard; Weinhardt, Felix - 2021

This paper examines the long-run impact of ordinal rank during primary school on productivity using comprehensive English administrative data. Identification is obtained from variation in test score distributions across cohorts and subjects, such that the same score relative to the class mean...

Persistent link: https://www.econbiz.de/10013315595

What Marx Means Today

Sinn, Hans-Werner - 2017

Marx made significant contributions to macroeconomics, laying the grounds for both Keynes's theory of aggregate demand … and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin … Hansen's theory of secular stagnation which has recently received much attention among scholars studying the financial crises …

Persistent link: https://www.econbiz.de/10012954595

A Ricardian Analysis of the Impact of Climate Change on European Agriculture

Van Passel, Steven - 2014

This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis …

Persistent link: https://www.econbiz.de/10013051384

VAT and Agriculture : Lessons from Europe

Cnossen, Sijbren - 2017

Farmers are often exempted from VAT for administrative and political reasons. But this means that the VAT on their inputs cannot be ‘washed out' through the tax deduction/credit mechanism. To compensate farmers for the uncompensated VAT on inputs, the EU has devised a flat-rate scheme that...

Persistent link: https://www.econbiz.de/10012960480