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Does electricity drive structural transformation? : evidence from the United States
Gaggl, Paul; Gray, Rowena; Marinescu, Ioana; Morin, Miguel - 2019
Electricity is a general purpose technology and the catalyst for the second industrial revolution. Developing countries are currently making huge investments in electrification, with a view to achieving structural change. What does history say about its impact on the structure of employment? We...
Persistent link: https://www.econbiz.de/10012120246
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Innovation of network goods : a non-innovating firm will gain
Glazer, Amihai; Kanniainen, Vesa; Mustonen, Mikko - 2002
of a consumer increases with aggregate consumption. The post-innovation network consists of two compatible sub … underinvest in innovation. …
Persistent link: https://www.econbiz.de/10011409408
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Softening the blow : U.S. state level banking deregulation and sectoral reallocation after the China trade shock
Hoffmann, Mathias; Ruslanova, Lilia - 2021
U.S. state-level banking deregulation during the 1980’s mitigated the impact of the China trade shock (CTS) on local economies (states and commuting zones) a decade later, in the 1990s. Local economies, where local banking markets opened up earlier, were also effectively financially more...
Persistent link: https://www.econbiz.de/10012438347
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Wages, human capital, and structural transformation
Herrendorf, Berthold; Schoellman, Todd - 2017
Average wages are considerably lower in agriculture than in the other sectors. We document this fact for thirteen countries ranging from rich (Canada, U.S.) to poor (India, Indonesia). We develop a measure of human capital that accounts for the selection of workers with different unobserved...
Persistent link: https://www.econbiz.de/10011645910
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The third generation (UMTS) spectrum auction in Germany
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001
The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...
Persistent link: https://www.econbiz.de/10011400807
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The Dutch UMTS-auction
Damme, Eric E. C. van - 2002
In this paper I review the Dutch UMTS-auction that took place in the summer of 2000 and which, in contrast to the UK and German auctions, was generally considered to be a major flop. I analyse the policy process leading to the auction as well as the bidding behaviour in the auction, and provide...
Persistent link: https://www.econbiz.de/10011409958
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Efficient level of SEPs licensing
Langus, Gregor; Lipatov, Vilen - 2022
We study the question whether a holder of standard essential patents (SEPs) should be allowed to choose the level in the value chain at which to offer a FRAND license to its SEPs. We give a pos-itive answer to this question for two reasons. First, the SEP holder and the social planner tend to...
Persistent link: https://www.econbiz.de/10012817846
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Telecommunication submarine-cable deployment and the digital divide in Sub-Saharan Africa
Cariolle, Joël - 2018
The recent deployment of fibre-optic submarine cables (SMCs) in sub-Saharan Africa (SSA) raised the prospects for the digital economy expansion and the whole sub-continent take-off, but also exposed countries and populations to new sources of vulnerability. This paper provides empirical evidence...
Persistent link: https://www.econbiz.de/10011951676
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Innovation network
Acemoglu, Daron; Akcigit, Ufuk; Kerr, William R. - 2016
linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 … predictive power on future innovation after 1995. This pattern is consistent with the idea that when there is more past upstream …
Persistent link: https://www.econbiz.de/10011557905
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Immigration and entrepreneurship
Fairlie, Robert W.; Lofstrom, Magnus - 2015
Immigrants are widely perceived as being highly entrepreneurial and important for economic growth and innovation. This …
Persistent link: https://www.econbiz.de/10010506325