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Spolaore, Enrico - 2002

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/10012469486

Is Europe an Optimal Political Area?

Alesina, Alberto - 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/10012455356

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/10012457545

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

Blanchard, Olivier - 1999

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

Persistent link: https://www.econbiz.de/10012471521

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 …

Persistent link: https://www.econbiz.de/10012479775

Capital Flows to Developing Countries : The Allocation Puzzle

Gourinchas, Pierre-Olivier - 2007

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/10012465044

Merchant Transmission Investment

Joskow, Paul - 2003

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/10012469168

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/10012461991

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/10012456573

Two Centuries of Economic Growth : Europe Chasing the American Frontier

Gordon, Robert J. - 2004

Starting from the same level of productivity and per-capita income as the United States in the mid-nineteenth century, Europe fell behind steadily to a level of barely half in 1950, and then began a rapid catch-up. While Europe's level of productivity has almost converged, its income per person...

Persistent link: https://www.econbiz.de/10012468028

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