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The fundamental feature of private contracting is its relational nature. When faced with unforeseen or unexpected circumstances, private parties, as long as the relation remains worthwhile, adjust their required performance without the need for costly renegotiation or formal recontracting....
Persistent link: https://www.econbiz.de/10012464415
This paper analyzes the relation between public wage bills and public deficits in the OECD countries from 1995 to 2009. The paper shows that fiscal drift episodes, characterized by simultaneous increases in the GDP shares of public wage bills and budget deficits, are more frequent during booms...
Persistent link: https://www.econbiz.de/10012460778
innovation and international technology transfer in general. The literature suggests that patent protection in a host country … encourages technology transfer to that country but that its impact on innovation and development is much more ambiguous. We then … externalities, implies that patent protection may not be the optimal instrument for encouraging innovation in this area, especially …
Persistent link: https://www.econbiz.de/10012462333
literature on environmental innovation and diffusion, with a focus on studies relevant to the development of clean energy …
Persistent link: https://www.econbiz.de/10012462979
The decline in the costs of multinational production (MP) has led some countries to specialize in innovation and others … advantage and home market effects (HME) that arise from the interaction between increasing returns to innovation and … further specialize in innovation …
Persistent link: https://www.econbiz.de/10012459690
Recent medical research shows that health is highly influential for learning and the ability to think laterally; however, past economic studies have failed to empirically examine the influence of health on learning, schooling, and ideas production; the main drivers of growth in endogenous growth...
Persistent link: https://www.econbiz.de/10012460199
What do we know about the relationship between innovation and productivity among firms? The workhorse model of this … innovation are derived. The recent empirical evidence on the relationship between innovation and productivity in firms is then … surveyed. The conclusion is that there are substantial positive impacts of product innovation on revenue productivity, but that …
Persistent link: https://www.econbiz.de/10012461479
This paper examines the regional distribution of public employment in Italy. It documents two sets of facts. This first is the use of public employment as a subsidy from the North to the less wealthy South. We calculate that about half of the wage bill in the South of Italy can be identified as...
Persistent link: https://www.econbiz.de/10012471398
In this paper we disentangle the sources of public sector inefficiency using 1982-1995 panel data on manufacturing firms in Indonesia. We consider two leading hypotheses: (1) public sector enterprises are inefficient due to monitoring problems and (2) public sector enterprises are inefficient...
Persistent link: https://www.econbiz.de/10012471757
This paper examines the structure, behavior and performance of the N95 respirator market in the U.S. before and during the COVID-19 pandemic (2020-early 2022). It focuses on the behavior and performance of government and private sector organizations in the allocation of scarce supplies of N95...
Persistent link: https://www.econbiz.de/10013172175