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Information frictions, investment promotion, and multinational production : firm-level evidence
Carballo, Jerónimo; Marra de Artiñano, Ignacio; Volpe … - 2021
While countries make use of a wide range of policies to attract multinational firms, identifying the effect of such policies is difficult. Combining firm-level data on both the location of these firms' foreign affiliates and detailed service-specific information from Costa Rica's investment...
Persistent link: https://www.econbiz.de/10012509370
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The political economy of industrial policy
Juhász, Réka; Lane, Nathan - 2024
We examine the ways in which political realities shape industrial policy through the lens of modern political economy. We consider two broad “governance constraints”: i) the political forces that shape how industrial policy is chosen and ii) the ways in which state capacity affects...
Persistent link: https://www.econbiz.de/10014551011
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The changing patterns of investment in the PRC economy
Holz, Carsten A. - 2017
The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and ultimately unsustainable. But largely unnoticed, a shift has taken place. This paper examines the changes in investment patterns since 2003 and the potential impact of industrial...
Persistent link: https://www.econbiz.de/10011657882
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Health dynamics shape life-cycle incomes
Kotschy, Rainer - 2019
This paper empirically investigates the long-run effects of major health improvements on income growth in the United States. To isolate exogenous changes in health, the econometric model uses quasi-experimental variation in cardiovascular disease mortality across states over time. The results...
Persistent link: https://www.econbiz.de/10012124859
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Religion and growth
Becker, Sascha O.; Rubin, Jared; Woessmann, Ludger - 2023
development. It affects human capital through both religious and secular education. It affects population and labor by influencing … work effort, fertility, and the demographic transition. And it affects total factor productivity by constraining or …
Persistent link: https://www.econbiz.de/10014383297
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The impact of horizontal mergers on market structure : evidence from the semiconductor industry
Siebert, Ralph - 2016
-level information on mergers, production, and innovation in the dynamic random access memory semiconductor market from 1985 to 2004. Our …
Persistent link: https://www.econbiz.de/10011481190
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Heterogeneous merger impacts on competitive outcomes
Siebert, Ralph - 2017
Mergers realize heterogeneous competitive effects on profits, production, and prices. To date, it is unclear whether differential merger outcomes are caused mostly by firms' technology or product market attributes. Furthermore, empirical merger studies conventionally assume that, conditional on...
Persistent link: https://www.econbiz.de/10011717038
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Subsidizing national champions : an evolutionary perspective
Aubert, Cécile (contributor); Falck, Oliver (contributor);  … - 2008
A national-champions-related industrial policy has become (again) en vogue among European politicians. Against this background, our work orders different types of national champions along the industry lifecycle. Different types of locally bound externalities appear along the lifecycle. In a...
Persistent link: https://www.econbiz.de/10003749485
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Dynamic mergers effects on R&D investments and drug development across research phases in the pharmaceutical industry
Siebert, Ralph; Tian, Zhili - 2020
Pharmaceutical firms spend increasing amounts in mergers and acquisitions (M&As), which raises the question of whether sufficient investment is left after mergers to further develop firms' internal drug development capability. We evaluate the effects of M&As on firms' post-merger R&D...
Persistent link: https://www.econbiz.de/10012219372
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Can general purpose technology theory explain economic growth? : electrical power as a case study
Ristuccia, Cristiano Andrea; Solomou, Solomos - 2014
Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in …, Britain, France, Germany and Japan and proceeds to evaluate the hypothesis of a productivity bonus as postulated by many … there was no generalized productivity boost from electrical power diffusion as postulated by many existing GPT models. The …
Persistent link: https://www.econbiz.de/10010252126