Showing 1 - 10 of 1,635
This paper focuses on the emergence of the economic agency role of government and its relationship with cooperation and economic management. It distinguishes emergence under war, domination or capitulation, perfect cooperation, and strategic bargaining. Good governance is a consequence of...
Persistent link: https://www.econbiz.de/10014403247
This paper discusses issues to be considered in designing “second generation” reforms. These reforms should focus on improving the capacity of the public sector to implement economic policies. The paper contrasts these reforms with those known as first generation reforms, which essentially...
Persistent link: https://www.econbiz.de/10014399913
productivity gains. Guided by theory, we provide evidence consistent with these effects operating through reallocations across … productivity, while import liberalization has ambiguous effects. Resource misallocation can either amplify, dampen or reverse the … firms in the presence of distortions: (i) Both export and import expansion increase average firm productivity, but the …
Persistent link: https://www.econbiz.de/10012301837
We provide the first direct estimates of distribution expenses incurred by manufacturing plants and assess their importance for aggregate output. Using a novel measure from the Indian Annual Survey of Industries, we document three key facts: (1) distribution expenses are large - they amount to...
Persistent link: https://www.econbiz.de/10013170582
What drove the UK productivity slowdown post-GFC, and how is the post-Covid recovery expected to differ? This paper …
Persistent link: https://www.econbiz.de/10012795165
Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. Implicitly this assumes that private and public capital stocks are perfect substitutes. In this paper we test this assumption by...
Persistent link: https://www.econbiz.de/10012154588
this paper, we investigate whether higher productivity causally leads to lower tax evasion. We first present stylized facts … emerging and developing economies. Our results suggests that productivity improvements by firms can lead to lower tax evasion …
Persistent link: https://www.econbiz.de/10012154898
productivity and monetary policy. We identify a condition under which these asset prices become more volatile without affecting the … to productivity shocks. The model we set up does well at matching second moments of exchange rate and equity returns for …
Persistent link: https://www.econbiz.de/10014400236
productivity and that they impact the degree of R&D spillovers …
Persistent link: https://www.econbiz.de/10014400689
The knowledge production function is central to R&D-based growth models. This paper empirically investigates the knowledge production function and intertemporal spillover effects using cointegration techniques. Time-series evidence suggests there are two long-run cointegrating relationships. The...
Persistent link: https://www.econbiz.de/10014400700