Showing 1 - 10 of 75
This paper studies the relationship between patience and comparative development through a combination of reduced-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two sets of stylized facts. First, patience is...
Persistent link: https://www.econbiz.de/10013189598
This paper deals with the slowdown of economic growth in Europe. For that purpose, we focus on factors that affect the … long-run growth path of different economies. Special emphasis is paid to institutional and structural factors that are … often assumed to affect aggregate growth: functioning of labor markets, availability of labor and capital, and the size of …
Persistent link: https://www.econbiz.de/10012503058
—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 growth through all four elements because it shapes individual preferences …
Persistent link: https://www.econbiz.de/10014495766
The SARS-CoV-2 pandemic has made all the more clear that public health is a public good. Public health interventions try to encourage contributions to this public good. Digital public health interventions are increasingly being used to complement traditional public health interventions. The...
Persistent link: https://www.econbiz.de/10012385372
This paper experimentally studies two simple interventions aimed at increasing public goods provision in settings in which accurate feedback about contributions is not available. The first intervention aims to exploit lying aversion by requiring subjects to send a non-verifiable ex post...
Persistent link: https://www.econbiz.de/10011982104
Every year 400,000 entrepreneurs fail and 60,000 file for personal bankruptcy. The option to declare bankruptcy provides entrepreneurs with insurance against the financial consequences of business failures. However, it comes at the cost of worsened credit market conditions. In this paper, we...
Persistent link: https://www.econbiz.de/10011316589
We analyze the long-run growth effects of automation in the canonical overlapping generations framework. While … that it does not have the potential to lead to positive long-growth. The reason is that automation suppresses wages, which … stands in sharp contrast to the effects of automation in the representative agent setting, where positive long-run growth is …
Persistent link: https://www.econbiz.de/10011668997
labour productivity growth in the United States, Germany and France over the period from 1996 to 2020 would have been about … terms of gross value added. This is not only because TFP growth in the digital sectors is exceptionally high, but also …
Persistent link: https://www.econbiz.de/10014632342
in the social cost of carbon (SCC). Consumption growth, aggregate consumption volatility, and the climate beta depend on …
Persistent link: https://www.econbiz.de/10014559075
Obtaining indicators on innovation activities of firms has been a challenge in economic research for a long time. The most frequently used indicators - R&D expenditure and patents - provide an incomplete picture as they represent inputs and throughputs in the innovation process. Output...
Persistent link: https://www.econbiz.de/10012888552