Showing 1 - 10 of 190
reaching the right tails of the firm size and innovation distributions. Furthermore, outcomes are better for startups matched …
Persistent link: https://www.econbiz.de/10012104061
I model the ocean as an array of lines set within a two-dimensional frame, and show how the Exclusive Economic Zone emerged as an equilibrium in customary international law. I find that custom codifies the efficient Nash equilibrium of enclosure for nearshore fisheries. For highly migratory and...
Persistent link: https://www.econbiz.de/10014315058
This paper shows the importance of technological synergies among heterogeneous firms for aggregate fluctuations. First …, we document six novel empirical facts using microdata that suggest the existence of important technological synergies … cycle. Next, we embed technological synergies in a general equilibrium model calibrated on firm-level data. We show that …
Persistent link: https://www.econbiz.de/10014496498
The 1997 Asian financial crisis has revealed the limitations of the current state of monetary and financial monitoring system in most Asian countries in comprehensively addressing financial and monetary problems and issues. This paper attempts to propose a macro-prudential indicators (MPI)...
Persistent link: https://www.econbiz.de/10011509390
This paper investigates whether there is an S-Curve in Colombia using bilateral and disaggregated quarterly data for the period 1991-2014. More precisely, the short-run effects of a depreciation on the TB are analysed in 27 industries covered by the PAG Free Trade Agreement. The S-Curve found in...
Persistent link: https://www.econbiz.de/10011476057
Partnership (TTIP) and Trans-Pacific Partnership (TPP) discussions. Using a general equilibrium model, we assess the potential …
Persistent link: https://www.econbiz.de/10011301002
Some observers argue that increased real integration has led to greater co-movement of prices internationally. We examine the evidence for cross-border price spillovers among economies participating in the pan-Asian cross-border production networks. Starting with country-level data, we find that...
Persistent link: https://www.econbiz.de/10010347036
Despite remarkable growth during the last decade, Asia and the Pacific still faces extensive basic infrastructure needs. Furthermore, to cope up with the reduced export demand from advanced economies arising out of the ongoing financial crisis, the region needs to enhance its connectivity...
Persistent link: https://www.econbiz.de/10009240742
This paper examines how entrepreneurs and incumbents differ in R&D strategies. We show that entrepreneurs have incentives to choose projects with higher risk and a higher potential in order to reduce expected commercialization costs. However, entrepreneurs may still select too safe projects from...
Persistent link: https://www.econbiz.de/10011549385
may even reduce welfare. The reason is that it crowds out proprietary innovation which on net may reduce total innovation … in the long run. These effects would be reinforced if philanthropical innovation diverted people from other productive …
Persistent link: https://www.econbiz.de/10011409970