Narrow search
Showing 1 - 10 of 6,970
Cover Image
Inside Job or Deep Impact? Using Extramural Citations to Assess Economic Scholarship
Angrist, Joshua - 2017
clients and peers? Is economics scholarship uniquely insular? We address these questions by quantifying interactions between … economics and other disciplines. Changes in the impact of economic scholarship are measured here by the way other disciplines … cite us. We document a clear rise in the extramural influence of economic research, while also showing that economics is …
Persistent link: https://www.econbiz.de/10012454984
Cover Image
Beetles : Biased Promotions and Persistence of False Belief
Akerlof, George A. - 2017
This paper develops a theory of promotion based on evaluations by the already promoted. The already promoted show some …
Persistent link: https://www.econbiz.de/10012455159
Cover Image
When is Sovereign Debt Odious? A Theory of Government Repression, Growth Traps, and Growth Boosts
Acharya, Viral V.; Rajan, Raghuram Govind; Shim, Jack - National Bureau of Economic Research - 2022
We examine the dynamics of a country's growth, consumption, and sovereign debt, assuming that the government is myopic and wants to maximize short-term, self-interested spending. Surprisingly, government myopia can increase a country's access to external borrowing. In turn, access to borrowing...
Persistent link: https://www.econbiz.de/10013334513
Cover Image
Language Models and Cognitive Automation for Economic Research
Korinek, Anton - National Bureau of Economic Research - 2023
Large language models (LLMs) such as ChatGPT have the potential to revolutionize research in economics and other …
Persistent link: https://www.econbiz.de/10014226154
Cover Image
Marshall's Economies
Henderson, Vernon - 1999
This paper estimates the nature and magnitude of the local externalities from own industry scale, as envisioned by Marshall. Census panel data on individual plants in high-tech and machinery industries across up to 487 countries are utilized, to quantify the direct effects of local external...
Persistent link: https://www.econbiz.de/10012471426
Cover Image
Can Capital Mobility be Destabilizing?
Meng, Qinglai - 1999
In a standard two-sector neoclassical model with distortions, capital mobility can render the steady state indeterminate, in the sense that there exist infinitely many convergent paths. In the closed economy with no international capital mobility, the utility function must be linear or close to...
Persistent link: https://www.econbiz.de/10012471527
Cover Image
A Rent-Protection Theory of Corporate Ownership and Control
Bebchuk, Lucian Arye - 1999
This paper develops a rent-protection theory of corporate ownership structure - and in particular, of the choice …
Persistent link: https://www.econbiz.de/10012471585
Cover Image
Is Optimism Good in a Keynesian Economy?
Persson, Torsten - 1983
Assume that an economy is in a state of Keynesian unemployment. Since production is demand-determined there are bootstraps (multiple) equilibria. Then, the more optimist agents are about the future the higher will be theur demand today and hence current production. In that limited sense optimism...
Persistent link: https://www.econbiz.de/10012478032
Cover Image
The Theory of Local Public Goods Twenty-Five Years After Tiebout : A Perspective
Stiglitz, Joseph E. - 1982
This paper asks, under what conditions can the Fundamental Theorem of Welfare Economics be extended to economies with … redistributions) . Just as the Fundamental Theorem of Welfare Economics does not adequately reflect the vices and virtues of …
Persistent link: https://www.econbiz.de/10012478151
Cover Image
On Money as a Medium of Exchange in Near-Cashless Credit Economies
Lagos, Ricardo - 2019
that--in contrast to current conventional wisdom in policy-oriented research in monetary economics--the role of money in …
Persistent link: https://www.econbiz.de/10012479753