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. In contrast, we do not find evidence that improved production processes and technology upgrading cause the positive …
Persistent link: https://www.econbiz.de/10011649212
This paper analyzes the main uncertainty of college saving - the child’s ability - in the context of the saving with learning model. The first section develops a dynamic model combining asset accumulation and learning to explain the parents’ forward-looking saving behavior when they are...
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Petroleum exploration in Brazil is performed throughout a bidding process coordinated by the National Petroleum Agency (NPA), where the exploration and production (E&P) firms need to evaluate concessions performing financial and economic analyses routinely. Since oil is a public resource with...
Persistent link: https://www.econbiz.de/10012019690
In this paper, we extend the usual models of irreversible investment under uncertainty by introducing the stock of public capital as an input for the private sector. Public investment takes place in a stochastic environment. Public capital then increases the productivity of private capital which...
Persistent link: https://www.econbiz.de/10012038764
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suggest that developing countries grow faster when they are globally competitive in low-technology manufacturing and natural …
Persistent link: https://www.econbiz.de/10011536945
Functioning markets for technology are an important determinant for the type, scope and distribution of innovation … activities in an economy. However, markets for technology are often underdeveloped or inefficient. Existing theory attributes … structural forces that shape the demand side of markets for technology. In this study, we reason that demand depends on the …
Persistent link: https://www.econbiz.de/10012109765