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The quantitative importance of openness in development

Cai, Wenbiao; Ravikumar, B.; Riezman, Raymond Glenn - 2013

This paper deals with a classic development question: how can the process of economic development - transition from stagnation in a traditional technology to industrialization and prosperity with a modern technology - be accelerated? Lewis (1954) and Rostow (1956) argue that the pace of...

Persistent link: https://www.econbiz.de/10010189831

On the determinants of labour market institutions : rent-sharing vs. social insurance

Agell, Jonas - 2000

What determines the structure of labour market institutions? This paper argues that common explanations based on rent sharing are incomplete; unions, job protection, and egalitarian pay structures may have as much to do with social insurance of otherwise uninsurable risks as with rent sharing and...

Persistent link: https://www.econbiz.de/10009786721

Religious tolerance as engine of innovation

Cinnirella, Francesco; Streb, Jochen - 2017

We argue that, for a given level of scientific knowledge, tolerance and diversity are conducive to technological creativity and innovation. In particular, we show that variations in innovation within Prussia during the second industrial revolution can be ascribed to differences in religious...

Persistent link: https://www.econbiz.de/10011774957

Nontradable goods and fiscal multipliers

Crespo Cuaresma, Jesús; Glocker, Christian - 2020

We assess the role that nontradable goods play as a determinant of fiscal spending multipliers, making use of a two-sector model. While fiscal multipliers increase with the share of nontradable goods, an inverted U-shaped relationship exists between multiplier size and the import share....

Persistent link: https://www.econbiz.de/10012270412

Growth gains from trade

Marjit, Sugata; Basu, Anwesha; Veeramani, C. - 2019 - This Draft: October, 2019

This paper revisits the relationship between international trade and economic growth. We measure trade openness indices … output and global input output tables to construct the measures of trade openness, our empirical analysis covering 21 … countries, 30 industries and 15 years reveals that trade openness in terms of intermediate and capital goods lead to economic …

Persistent link: https://www.econbiz.de/10012120367

Revisiting the relationship between trade liberalization and taxation

Arezki, Rabah; Dama, Alou Adessé; Graziosi, Grégoire Rota - 2021

This paper explores the dynamic effects of trade liberalization on tax revenue using a worldwide panel dataset. Results point to statistically significant negative effect of liberalization on (non- resource) tax revenues in the short term and no significant effect in the medium term....

Persistent link: https://www.econbiz.de/10012603019

Globalisation and the slope of the Phillips curve

Kohlscheen, Emanuel; Moessner, Richhild - 2021

We study the effects of globalisation on the slope of the New Keynesian Phillips curve for CPI inflation, based on a broad panel of 35 countries and controlling for possibly non-linear exchange rate effects. We find that the output gap generally has a significant positive effect on inflation,...

Persistent link: https://www.econbiz.de/10012653311

International R&D spillovers and marginal social returns on R&D

Ogawa, Kazuo; Sterken, Elmer; Tokutsu, Ichiro - 2016

We analyze the impact of international R&D spillovers on recipient countries in terms of social and private returns. We divide the aggregate R&D stock by the business, government and education sectors and examine the impact on Total Factor Productivity. We endogenize the accrual of the R&D...

Persistent link: https://www.econbiz.de/10011573960

Committing to grow : privatizations and firm dynamics in East Germany

Akcigit, Ufuk; Alp, Harun; Diegmann, André; … - 2023

There is a large literature on the role infrastructure plays in economic development, but few papers document the causal effect of infrastructure on the sustainability of natural resources. We examine the effect of the arrival of two new national highways on ground water levels in a small...

Persistent link: https://www.econbiz.de/10014340125

Religion and growth

Becker, Sascha O.; Rubin, Jared; Woessmann, Ludger - 2023

We use the elements of a macroeconomic production function-physical capital, human capital, labor, and technology-together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that religion can enhance or impinge upon economic...

Persistent link: https://www.econbiz.de/10014383297