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Intellectual Property Rights Protection, Ownership, and Innovation : Evidence from China

Fang, Lily - 2016

in China in the years around the privatizations of state-owned enterprises (SOEs). Innovation increases after SOE …

Persistent link: https://www.econbiz.de/10012455995

Appropriate Entrepreneurship? The Rise of China and the Developing World

Lerner, Joshua; Liu, Junxi; Moscona, Jacob; Yang, David Y. - National Bureau of Economic Research - 2024

the dramatic growth of high-potential entrepreneurship and venture capital in China. First, using comprehensive data on …-level economic indicators, we find that this effect was driven by country-sector pairs most similar to their counterparts in China …" businesses and technology pioneered by China, and that a system where only rich countries lead in innovation could limit …

Persistent link: https://www.econbiz.de/10014512047

The A.I. Dilemma : Growth versus Existential Risk

Jones, Charles I. - National Bureau of Economic Research - 2023

Advances in artificial intelligence (A.I.) are a double-edged sword. On the one hand, they may increase economic growth as A.I. augments our ability to innovate. On the other hand, many experts worry that these advances entail existential risk: creating a superintelligence misaligned with human...

Persistent link: https://www.econbiz.de/10014436968

Medicaid and Fiscal Federalism During the COVID-19 Pandemic

Clemens, Jeffrey; Ippolito, Benedic N.; Veuger, Stan - National Bureau of Economic Research - 2021

We analyze the effects of the COVID-19 pandemic on state and local government finances, with an emphasis on health spending needs and the role of the Medicaid program. We arrive at three conclusions. First, we find that nationwide, and over the entirety of the federal budget window, the enhanced...

Persistent link: https://www.econbiz.de/10012510548

The Effects of Fiscal Decentralization on Publicly Provided Services and Labor Markets

Bianchi, Nicola; Giorcelli, Michela; Martino, Enrica Maria - National Bureau of Economic Research - 2021

This paper studies how fiscal decentralization affects local services. It explores a 1993 reform that increased the fiscal autonomy of Italian municipalities by replacing government transfers with revenues from a local property tax. Our identifica- tion leverages cross-municipal variation in the...

Persistent link: https://www.econbiz.de/10012794566

An Optimal Taxation Approach to Fiscal Federalism

Gordon, Roger H. - 1982

In a Federal system of government, each unit of government decides independently how much of each type of public good to provide, and what types of taxes, and which tax rates, to use in funding the public goods. In this paper we explore what types of problems can arise from this decentralized...

Persistent link: https://www.econbiz.de/10012478100

Fiscal Federalism and the Budget Impacts of the Affordable Care Act's Medicaid Expansion

Gruber, Jonathan - 2020

Medicaid's federal-state matching system of financing is the nation's largest example of fiscal federalism. Using generous federal subsidies, the Affordable Care Act incentivized states to expand Medicaid, which became a state option in the aftermath of a 2012 Supreme Court ruling. As of early...

Persistent link: https://www.econbiz.de/10012482043

Evaluating the Efficiency and Equity of Federal Fiscal Equalization

Albouy, David - 2010

In theory, federal transfers that make household location decisions efficient should ignore local cost differences, subsidize positive externalities, and offset differences in federal-tax payments and local taxes levied on non-residents, but not local tax revenues from residents. Transfers that...

Persistent link: https://www.econbiz.de/10012462512

Endowments, Fiscal Federalism, and the Cost of Capital for States : Evidence from Brazil, 1891-1930

Fritscher, André C. Martínez - 2009

In the last few years there has been an explosion in the number of papers that aim to explain what determines country risk (defined as the difference between the yield of a sovereign's bonds and the risk free rate). In this paper, we contribute to the discussion using by showing that Brazilian...

Persistent link: https://www.econbiz.de/10012463238

Anchoring Fiscal Expectations

Leeper, Eric M. - 2009

In this lecture, I argue that there are remarkable parallels between how monetary and fiscal policies operate on the macro economy and that these parallels are sufficient to lead us to think about transforming fiscal policy and fiscal institutions as many countries have transformed monetary...

Persistent link: https://www.econbiz.de/10012463382