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Firm-Level Heterogeneity and the Decision to Export : A Real Option Approach
Naudé, Wim - 2013
In "new" new international trade theory, whether firms export or not are determined by their productivity. These models …
Persistent link: https://www.econbiz.de/10013083086
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Breakthroughs, Backlashes and Artificial General Intelligence : An Extended Real Options Approach
Gries, Thomas; Naudé, Wim - 2022
Breakthroughs and backlashes have marked progress in the development and diffusion of Artificial Intelligence (AI). These shocks make the investment in developing an Artificial General Intelligence (AGI) subject to considerable uncertainty. This paper applies a real options model, extended to...
Persistent link: https://www.econbiz.de/10014083861
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Health Status, Disability and Retirement Incentives in Belgium
Jousten, Alain - 2013
Many Belgian retire well before the statutory retirement age. Numerous exit routes from the labor force can be identified: old-age pensions, conventional early retirement, disability insurance, and unemployment insurance are the most prominent ones. We analyze the retirement decision of Belgian...
Persistent link: https://www.econbiz.de/10013071759
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Tenure Profiles and Efficient Separation in a Stochastic Productivity Model
Buhai, Sebastian - 2006
option theory. We derive the efficient separation rule. The model fits the observed distribution of job tenures well. Since …
Persistent link: https://www.econbiz.de/10012780583
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Unions, Dynamism, and Economic Performance
Hirsch, Barry T. - 2010
This paper explores the relationship between economic performance and US unionism, focusing first on what we do and do not know based on empirical research handicapped by limited data on establishment and firm level collective bargaining coverage. Evidence on the relationship of unions with...
Persistent link: https://www.econbiz.de/10013135314
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Whither Corruption? A Quantitative Survey of the Literature on Corruption and Growth
Campos, Nauro F. - 2010
Does corruption grease or sand the wheels of economic growth? This paper uses meta-analysis techniques to systematically evaluate the evidence addressing this question. It uses a data set comprising 460 estimates of the effect of corruption on growth from 41 empirical studies. The main factors...
Persistent link: https://www.econbiz.de/10013135630
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Are Microloans Bad for Growth?
Emerson, Patrick M. - 2010
This paper constructs a two-period overlapping generations model of human capital investment decisions where a microloan program designed to finance entrepreneurial activities is active. It is shown that, in the presence of human capital externalities (social returns to education) there exists a...
Persistent link: https://www.econbiz.de/10013136775
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Modernization of Agriculture and Long-Term Growth
Yang, Dennis Tao - 2010
This paper develops a two-sector model that illuminates the role played by agricultural modernization in the transition from stagnation to growth. When agriculture relies on traditional technology, industrial development reduces the relative price of industrial products, but has a limited effect...
Persistent link: https://www.econbiz.de/10013136945
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Should Easier Access to International Credit Replace Foreign Aid?
Bandyopadhyay, Subhayu - 2011
We examine the interaction between foreign aid and binding borrowing constraint for a recipient country. We also analyze how these two instruments affect economic growth via non-linear relationships. First of all, we develop a two-country, two-period trade-theoretic model to develop testable...
Persistent link: https://www.econbiz.de/10013119295
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An Empirical Growth Model for Major Oil Exporters
Esfahani, Hadi Salehi - 2012
-run output equation with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on … results support the long-run theory. The existence of long-run relations between real output, foreign output and real oil … steadily over the past three decades, the theory suggests that the effect of oil income on the economy's steady state growth …
Persistent link: https://www.econbiz.de/10013107701