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The Sources of Regional Variation in the Severity of the Great Depression : Evidence from U.S. Manufacturing, 1919-1937
Rosenbloom, Joshua L. - 1997
The severity of the Great Depression in the United States varied by region. Most notably compared with the rest of the country, the South Atlantic states experienced a milder contraction while the Mountain states suffered more severely. The impact of the contraction was more" uniform across...
Persistent link: https://www.econbiz.de/10012472525
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The Geography of Crowdfunding
Agrawal, Ajay K. - 2011
Perhaps the most striking feature of "crowdfunding" is the broad geographic dispersion of investors in small, early-stage projects. This contrasts with existing theories that predict entrepreneurs and investors will be co-located due to distance-sensitive costs. We examine a crowdfunding setting...
Persistent link: https://www.econbiz.de/10012461837
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The Characteristics and Geographic Distribution of Robot Hubs in U.S. Manufacturing Establishments
Brynjolfsson, Erik; Buffington, Catherine; Goldschlag, … - National Bureau of Economic Research - 2023
We use data from the Annual Survey of Manufactures to study the characteristics and geography of investments in robots across U.S. manufacturing establishments. We find that robotics adoption and robot intensity (the number of robots per employee) is much more strongly related to establishment...
Persistent link: https://www.econbiz.de/10014247984
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Mechanics of Spatial Growth
Cai, Sheng; Caliendo, Lorenzo; Parro, Fernando; Xiang, Wei - National Bureau of Economic Research - 2022
We develop a dynamic spatial growth model to explore the role of trade and internal migration in the process of spatial development and aggregate growth. Growth is shaped by the best global and local ideas that contribute to the local stock of knowledge. Global ideas diffuse more to locations...
Persistent link: https://www.econbiz.de/10013435141
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Aggregate Implications of Labor Market Distortions : The Recession of 2008-9 and Beyond
Mulligan, Casey B. - 2010
the end of 2007 as its only impulse - produces time series for aggregate labor usage, consumption, investment, and real … financial market - has investment fall steeply during the recession not because of any distortions with the supply of capital …
Persistent link: https://www.econbiz.de/10012462971
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Disasters Risk and Business Cycles
Gourio, François - 2009
probability of disaster leads to a collapse of investment and a recession, an increase in risk spreads, and a decrease in the … of business cycle dynamics, especially sharp downturns in investment and output such as 2008-IV …
Persistent link: https://www.econbiz.de/10012463250
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The Causes of Japan's "Lost Decade" : The Role of Household Consumption
Horioka, Charles Yuji - 2006
stagnation of investment, especially private fixed investment, was the primary culprit. I then investigate the causes of the …
Persistent link: https://www.econbiz.de/10012466513
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Paper Tigers? A Model of the Asian Crisis
Corsetti, Giancarlo - 1998
This paper develops an interpretation of the Asian meltdown focused on moral hazard as the common source of overinvestment, excessive external borrowing, and current account deficits. To the extent that foreign creditors are willing to lend to domestic agents against future bail-out revenue from...
Persistent link: https://www.econbiz.de/10012472030
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Investment Hangover and the Great Recession
Rognlie, Matthew - 2014
We present a model of investment hangover motivated by the Great Recession. In our model, overbuilding of residential … economy enters a liquidity trap with limited reallocation and low output. The drop in output reduces nonresidential investment … through a mechanism similar to the acceleration principle of investment. The burst in nonresidential investment is followed by …
Persistent link: https://www.econbiz.de/10012458096
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Sovereign Debt Markets in Turbulent Times : Creditor Discrimination and Crowding-Out Effects
Broner, Fernando - 2013
reallocated from the private to the public sectors, reducing investment and deepening the recessions even further. To account for …. This implies that domestic debt purchases displace productive investment. The model shows that these purchases reduce …
Persistent link: https://www.econbiz.de/10012458985