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Will China Eat Our Lunch or Take Us Out to Dinner? Simulating the Transition Paths of the U.S., EU, Japan, and China
Fehr, Hans - 2005
China eventually becomes the world's saver and, thereby, the developed world's savoir with respect to its long-run supply of capital and long-run general equilibrium prospects. And, rather than seeing the real wage per unit of human capital fall, the West and Japan see it rise by one fifth by...
Persistent link: https://www.econbiz.de/10012467008
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A New Method of Estimating Potential Real GDP Growth : Implications for the Labor Market and the Debt/GDP Ratio
Gordon, Robert J. - 2014
Forecasts for the two or three years after mid-2014 have converged on growth rates of real GDP in the range of 3.0 to 3.5 percent, a major stepwise increase from realized growth of 2.1 percent between mid-2009 and mid-2014. However, these forecasts are based on the demand for goods and services....
Persistent link: https://www.econbiz.de/10012458244
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Productivity and Potential Output Before, During, and After the Great Recession
Fernald, John - 2014
U.S. labor and total-factor productivity growth slowed prior to the Great Recession. The timing rules out explanations that focus on disruptions during or since the recession, and industry and state data rule out "bubble economy" stories related to housing or finance. The slowdown is located in...
Persistent link: https://www.econbiz.de/10012458418
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The Economic Cost of Harboring Terrorism
Benmelech, Efraim - 2009
The literature on conflict and terrorism has paid little attention to the economic costs of terrorism for the …
Persistent link: https://www.econbiz.de/10012463184
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The Economic Costs of Conflict : A Case-Control Study for the Basque Country
Abadie, Alberto - 2001
political terrorism in the 1970's. The subsequent economic evolution of this 'counterfactual' Basque Country without terrorism … is compared to the actual experience of the Basque Country. We find that, after the outbreak of terrorism, per capita GDP …
Persistent link: https://www.econbiz.de/10012470240
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How Do NYPD Officers Respond to Terror Threats?
Lehrer, Steven F. - 2019
cannot rule out that it constitutes efficient policing given important differences between deterrence of terrorism versus …
Persistent link: https://www.econbiz.de/10012480381
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Cities and Warfare : The Impact of Terrorism on Urban Form
Glaeser, Edward L. - 2001
What impact will terrorism have on America's cities? Historically, large-scale violence has impacted cities in three … to disperse. Finally, since warfare and terrorism often specifically target means of transportation, violence can …), but more commonly neither terrorism nor wars have significantly altered urban form. As such, across America the effect of …
Persistent link: https://www.econbiz.de/10012470019
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The 9/11 Dust Cloud and Pregnancy Outcomes : A Reconsideration
Currie, Janet - 2014
The events of 9/11 released a million tons of toxic dust into lower Manhattan, an unparalleled environmental disaster. It is puzzling then that the literature has shown little effect of fetal exposure to the dust. However, inference is complicated by pre-existing differences between the affected...
Persistent link: https://www.econbiz.de/10012458299
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Urban-Biased Growth : A Macroeconomic Analysis
Eckert, Fabian; Ganapati, Sharat; Walsh, Conor - National Bureau of Economic Research - 2022
Since 1980, US wage growth has been fastest in large cities. Empirically, we show that most of this urban-biased growth reflects wage growth at large Business Services firms, which are also the most intensive users of information and communications technology (ICT) capital in the US economy. We...
Persistent link: https://www.econbiz.de/10013388871
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Capital Utilization and Capital Accumulation : Theory and Evidence
Shapiro, Matthew D. - 1986
A firm may acquire additional caoital input by purchasing new capital or by increasing the utilization of its current capital. The margin between capital accumulation and capital utilization is studied in a model of dynamic factor demand where the firm chooses capital, labor, and their rates of...
Persistent link: https://www.econbiz.de/10012477175