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Distribution and growth in an economy with limited needs

Saint-Paul, Gilles - 2001

This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...

Persistent link: https://www.econbiz.de/10011401020

Defensive Innovations

Koeniger, Winfried - 2002

Defensive innovations in developed countries can explain the empirical phenomenon that openness towards trade with less-developed countries does not necessarily induce a substantial increase in the wage differential and trade volumes. Building on step-by-step innovations as introduced by Aghion...

Persistent link: https://www.econbiz.de/10011406885

Culture, institutions and the wealth of nations

Gorodnichenko, Yuriy; Roland, Gérard - 2010

-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …

Persistent link: https://www.econbiz.de/10009007836

The wider economic impacts of high-skilled migrants : a survey of the literature

Nathan, Max - 2013

In recent years, the economics of migration literature has shown a substantial growth in papers exploring host country impacts beyond the labour market. Specifically, researchers have begun to shift their attention from labour market and fiscal changes, towards exploring what we might call "the...

Persistent link: https://www.econbiz.de/10010196029

Does emigration drain entrepreneurs?

Anelli, Massimo; Basso, Gaetano; Ippedico, Giuseppe; … - 2020

Emigration of young, motivated individuals may deprive countries-of-origin of entrepreneurs. We isolate exogenous variation in a large emigration wave from Italy between 2008 and 2015 by interacting diaspora networks with economic pull factors in destination countries, and find that larger...

Persistent link: https://www.econbiz.de/10012239493

Innovation, inequality and a golden rule for growth in an economy with Cobb-Douglas function and an R&D sector

Welfens, Paul J. J. - 2015

capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …

Persistent link: https://www.econbiz.de/10010510592

Inputs, incentives, and self-selection at the workplace

Amodio, Francesco; Martinez-Carrasco, Miguel A. - 2019

This paper studies how asymmetric information over inputs affects workers' response to incentives and self-selection at the workplace. Using daily records from a Peruvian egg production plant, we exploit a sudden change in the worker salary structure and find that workers' effort, firm profits,...

Persistent link: https://www.econbiz.de/10012147088

Coordination under the shadow of career concerns

Koch, Alexander K.; Morgenstern, Albrecht - 2009

To innovate, employees need to develop novel ideas and coordinate with each other to turn these ideas into better products and services. Work outcomes provide signals about employees' abilities to the labor market, and therefore career concerns arise. These can both be 'good' (enhancing...

Persistent link: https://www.econbiz.de/10003816581

Financial constraints and innovation : why poor countries don’t catch up

Gorodnichenko, Yuriy; Schnitzer, Monika - 2010

's innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm … export and innovation activities to become substitutes although they are generally natural complements. -- Innovation …

Persistent link: https://www.econbiz.de/10003941706

Welfare analysis in a Schumpeterian growth model with capital

Hagedorn, Marcus; Kaul, Ashok; Reinthaler, Volker - 2001

In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...

Persistent link: https://www.econbiz.de/10011401108

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