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The Chinese Corporate Savings Puzzle : a Firm-Level Cross-Country Perspective

Bayoumi, Tamim - 2010

China's high corporate savings rate is commonly claimed to be a key driver for the country's large current account surplus. The mainstream explanation for high corporate savings is a combination of windfall profits in state-owned firms, especially in resource sectors, and mis-governance of...

Persistent link: https://www.econbiz.de/10013137314

What We Spend and What We Get : Public and Private Provision of Crime Prevention

Witte, Ann Dryden; Witt, Robert - 2021

In this paper, we consider a number of issues regarding crime prevention and criminal justice. We begin by considering how crime is measured and present both general and specific evidence on the level of crime in a variety of countries. Crime is pervasive and varies substantially across...

Persistent link: https://www.econbiz.de/10013225388

Funding in Public Sector Pension Plans - International Evidence

Ponds, Eduard H.M. - 2015

Most countries have separate pension plan for public sector employees. The future fiscal burden of these plans can be substantial as the government usually is the largest employer, pension promises in the public sector tend to be relatively generous, and future payments have to be paid out...

Persistent link: https://www.econbiz.de/10013037952

Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence

David, Paul A.; Hall, Bronwyn H.; Toole, Andrew A. - 2021

Is public R&D spending complementary and thus "additional" to private R&D spending, or does it substitute for and tend to "crowd out" private R&D? Conflicting answers are given to this question. We survey the body of available economectric evidence accumulated over the past 35 years. A framework...

Persistent link: https://www.econbiz.de/10013245706

The Economic Impacts of Covid-19 : Evidence from a New Public Database Built Using Private Sector Data

Chetty, Raj - 2020

We build a publicly available database that tracks economic activity at a granular level in real time using anonymized data from private companies. We report daily statistics on consumer spending, business revenues, employment rates, and other key indicators disaggregated by ZIP code, industry,...

Persistent link: https://www.econbiz.de/10012829789

Inflation Targeting and Private Sector Forecasts

Cecchetti, Stephen G. - 2013

Transparency is one of the biggest innovations in central bank policy of the past quarter century. Modern central bankers believe that they should be as clear about their objectives and actions as possible. However, is greater transparency always beneficial? Recent work suggests that when...

Persistent link: https://www.econbiz.de/10013095553

International Trade and Institutional Change

Levchenko, Andrei A. - 2011

This paper analyzes the impact of international trade on the quality of institutions, such as contract enforcement, property rights, or investor protection. It presents a model in which imperfect institutions create rents for some parties within the economy, and are a source of comparative...

Persistent link: https://www.econbiz.de/10013117386

Culture, Institutions and the Wealth of Nations

Gorodnichenko, Yuriy - 2014

We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-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...

Persistent link: https://www.econbiz.de/10013069257

Development, Structure, and Transformation : Some Evidence on Comparative Economic Growth

McCord, Gordon C. - 2013

We suggest that the geographical patterns of income differences across the world have deep underpinnings. We emphasize … characteristics of economies. Per capita incomes differ around the world in no small part because of sharp differences across regions … middle income; the distribution of economic activity around the world today; the patterns of growth between 1960 and 2010 …

Persistent link: https://www.econbiz.de/10013074652

Thresholds in the Process of International Financial Integration

Kose, M. Ayhan - 2009

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....

Persistent link: https://www.econbiz.de/10013160341

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