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Spolaore, Enrico; Wacziarg, Romain T. - 2021

This paper presents a framework to understand and measure the effects of political borders on economic growth and per capita income levels. We present a model providing a theoretical foundation to estimate empirically the effects of political borders on growth. In our model, political...

Persistent link: https://www.econbiz.de/10013240303

Is Europe an Optimal Political Area?

Alesina, Alberto F. - 2017

Employing a wide range of individual-level surveys, we study the extent of cultural and institutional heterogeneity within the EU and how this changed between 1980 and 2008. We present several novel empirical regularities that paint a complex picture. While Europe has experienced both systematic...

Persistent link: https://www.econbiz.de/10012958587

Monnet's Error?

Guiso, Luigi - 2015

Entering a currency union without any political union European countries have taken a gamble: will the needs of the currency union force a political integration (as anticipated by Monnet) or will the tensions create a backlash, as suggested by Kaldor, Friedman and many others? We try to answer...

Persistent link: https://www.econbiz.de/10013023682

Capital Flows to Developing Countries : The Allocation Puzzle

Gourinchas, Pierre-Olivier - 2010

According to the consensus view in growth and development economics, cross country differences in per-capita income largely reflect differences in countries' total factor productivity. We argue that this view has powerful implications for patterns of capital flows: everything else equal,...

Persistent link: https://www.econbiz.de/10012759694

Double-Counting of Investment

Barro, Robert J. - 2019

The national-income accounts double-count investment, which enters once when it occurs and again in present value as … exaggeration of capital-income shares. An alternative measure involves a form of full expensing of gross investment. In the steady … consumption because full expensing applies to the long-run flow of gross investment.Institutional subscribers to the NBER working …

Persistent link: https://www.econbiz.de/10012870726

An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output

Blanchard, Olivier J.; Perotti, Roberto - 2021

increases in government spending have a strong negative effect on investment spending …

Persistent link: https://www.econbiz.de/10013228233

Merchant Transmission Investment

Joskow, Paul L.; Tirole, Jean - 2021

We examine the performance attributes of a merchant transmission investment framework that relies on market driven …' transmission investment to provide the infrastructure to support competitive wholesale markets for electricity. Under a stringent … set of assumptions, the merchant investment model has a remarkable set of attributes that appear to solve the natural …

Persistent link: https://www.econbiz.de/10013218795

Trade and the Global Recession

Eaton, Jonathan - 2011

the Great Recession and ensuing recovery. Our multi-sector framework accounts completely for countries' trade, investment … declines in durables investment efficiency, account for most of the collapse in trade relative to GDP. Shocks to trade …

Persistent link: https://www.econbiz.de/10013131675

Management Practices, Workforce Selection and Productivity

Bender, Stefan - 2016

Recent research suggests that much of the cross-firm variation in measured productivity is due to differences in use of advanced management practices. Many of these practices – including monitoring, goal setting, and the use of incentives – are mediated through employee decision-making and...

Persistent link: https://www.econbiz.de/10012996465

The Effect of Income and Immigration Policies on International Migration

Ortega, Francesc - 2012

This paper makes two contributions to the literature on the determinants of international migration flows. First, we compile a new dataset on annual bilateral migration flows covering 15 OECD destination countries and 120 sending countries for the period 1980-2006. We also collect data on...

Persistent link: https://www.econbiz.de/10013101810

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