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Naval counter-piracy measures off Somalia have failed to change the incentives for pirates, raising calls for land-based approaches that may involve replacing piracy as a source of income. This paper evaluates the effects of piracy on the Somali economy to establish which (domestic) groups...
Persistent link: https://www.econbiz.de/10013119787
This paper reviews the current state of knowledge about the effect of new business formation on regional development. After a brief sketch of the origins of research on this issue, the main results of different lines of inquiry are discussed. Main issues are the development of start-up cohorts,...
Persistent link: https://www.econbiz.de/10013124164
This paper investigates the impact of new firms' quality on the magnitude of their employment effects. Our results clearly show that the quality of start-ups, measured by their affiliation with sectors and innovative industries, strongly influences the direct and the overall employment...
Persistent link: https://www.econbiz.de/10013124165
In this paper, we examine beta-convergence of real per-capita income of Chinese counties. We account for both the … spatial dependences between counties and the possibility of different convergence regimes. The first feature is captured by … model the estimated convergence rate is 0.8% for unconditional regression and 1.7% for condtional regression, the …
Persistent link: https://www.econbiz.de/10013124168
We use a neoclassical production function to analyze the effects of knowledge spillovers via entrepreneurship on economic performance of 337 German districts. To take the spatial dependence structure of the data into account, we estimate a spatial Durbin model. We highlight the importance of the...
Persistent link: https://www.econbiz.de/10013129239
In this paper, we suggest to estimate the home rents and prices in German regions/cities using the data from Internet ads offering the housing for rent and sale. Given the richness of information contained in the ads, we are able to construct the quality-adjusted rent and price indices using the...
Persistent link: https://www.econbiz.de/10013109996
The self-employment rate includes entrepreneurs out of opportunity and entrepreneurs out of necessity. While the effect of opportunity entrepreneurs on economic development should be positive, there should be no or a negative effect of necessity entrepreneurship. We use a geographically weighted...
Persistent link: https://www.econbiz.de/10013084456
Climate change and biodiversity loss trigger policies worldwide, many of which target or impact local communities. Although research, international development, and policy implementation (and, thus, success in fighting both threats) require thoughtful consideration and communication of the...
Persistent link: https://www.econbiz.de/10013226769
We present evidence on the open economy consequences of US fiscal policy shocks identified through proxy-instrumental variables. Tax shocks and government spending shocks that raise the government budget deficit lead to persistent current account deficits. In particular, the negative response of...
Persistent link: https://www.econbiz.de/10012861640
We estimate the effect of government spending shocks on the US economy with a time-varying parameter vector autoregression. The recent Great Recession period appears to be characterized by uniquely large impulse responses of output to fiscal shocks. Moreover, the particularity of this period is...
Persistent link: https://www.econbiz.de/10012912155