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Technological Change, Entry and Stock Market Dynamics: An Analysis of Transition in a Monopolistic Economy
Datta, Bipasa; Dixon, Huw D. - CESifo - 2002
valuation of firms in the transition as technology changes, and whether or not share prices are always increasing when … technology improves. We find that there can be a U-shaped transition dynamic, so that an initial boom in share price is followed … by a temporary fall in share price even though the underlying technology is improving. …
Persistent link: https://www.econbiz.de/10005181568
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Capital-Labor Substitution, Structural Change and Growth
Alvarez-Cuadrado, Francisco - 2016
There is growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well-known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand across...
Persistent link: https://www.econbiz.de/10012988235
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Can there Be a Wave-Like Association between Economic Growth and Inequality? Theory and Lessons for East Asia from the Middle East
Gangopadhyay, Partha - 2012
High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income inequality and widening gaps between rich and poor, and urban and rural. It is therefore it is important to examine the interrelationships between inequality and economic growth. This...
Persistent link: https://www.econbiz.de/10013099565
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Is There a Nonlinear Relationship between Economic Growth and Inequality? Theory and Lessons from ASEAN, People Republic of China and India
Gangopadhyay, Partha - 2015
In view of rising inequality in fast growing Asian developing countries, it is important to study the relationship between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can bear a complex and non-linear relationship if policy...
Persistent link: https://www.econbiz.de/10013021416
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Legal Institutions, Innovation and Growth
Anderlini, Luca - 2014
-ante) legal system and a flexible one (law set after observing current technology). The flexible system dominates in terms of …
Persistent link: https://www.econbiz.de/10013067864
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Urbanization and Economic Development : A Tale of Two Barriers
Bond, Eric W. - 2016
In this paper we determine the main driving forces underlying the structural transformation and urbanization process in rapidly industrializing countries. We use a dynamic, small open economy model with an abundant supply of surplus labor in rural areas, two types of traded goods manufactured in...
Persistent link: https://www.econbiz.de/10012997164
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Engineering Growth : Innovative Capacity and Development in the Americas
Maloney, William F.; Valencia Caicedo, Felipe - 2021
This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the engineer. It collects cross-country and state level data on the labor share of engineers for the Americas, and county level data on engineering and patenting for the US during...
Persistent link: https://www.econbiz.de/10013315467
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Do Cost-Sharing and Entry Deregulation Curb Pharmaceutical Innovation?
Grossmann, Volker - 2011
This paper examines the role of both cost-sharing schemes in health insurance systems and entry regulation for pharmaceutical R&D expenditure, drug prices, aggregate productivity, and income. The analysis suggests that both an increase in the coinsurance rate and stricter price regulations...
Persistent link: https://www.econbiz.de/10013125326
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Creative Destruction and Productive Preemption
Norback, Pehr-Johan - 2013
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...
Persistent link: https://www.econbiz.de/10013087725
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Asymmetric Neutrality Regulation and Innovation at the Edges : Fixed vs. Mobile Networks
Choi, Jay Pil - 2014
We study how net neutrality regulations affect a high-bandwidth content provider's (CP) investment incentives in quality of services (QoS). We find that the effects crucially depend on network capacity levels. With limited capacity, as in mobile networks, prioritized delivery services are...
Persistent link: https://www.econbiz.de/10013046060