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Although there exists a vast literature on convergence and divergence of income levels across countries or regions at the aggregate level, there is only little work on convergence and/or diver- gence processes of productivity and wage levels at the more disaggregated industrial level. These are...
Persistent link: https://www.econbiz.de/10010294574
India has undertaken extensive reforms in its manufacturing sector in the last two decades. However, an acceleration of growth in manufacturing, and a concomitant increase in employment, has eluded India. What might be holding the sector back? Using Annual Survey of Industries data at the...
Persistent link: https://www.econbiz.de/10011807617
Productivity growth in Indian manufacturing is an important driver of overall growth, yet the issues related to its measurement have still not been resolved. The issue of how to compute an aggregate productivity measure holds significance for two reasons: one, the productivity of a firm should...
Persistent link: https://www.econbiz.de/10011807645
This paper endogenizes the interplay between innovation by a regulated firm and regulatory delay. When product … innovation costs fall over time, an extra day of regulatory delay increases time to introduction by more than a day. In the … signaling model, the firm therefore times its innovation to communicate its private information about the marginal cost of delay …
Persistent link: https://www.econbiz.de/10010266380
I examine the effects of FCC regulation on the innovation and introduction of advanced telecommunications services in … the U.S. An interim of lighter regulation provides an experiment to test the regulatory regime''s impact on innovation …. The econometric model comprises an arrival process (for service innovation) followed by a duration process (for regulatory …
Persistent link: https://www.econbiz.de/10010318599
The effects that regulation has on the innovation and the introduction of new telecommunications services have not been … (RoRR) and under alternative regulation. The econometric model comprises an count process (for innovation) followed by a …
Persistent link: https://www.econbiz.de/10010318609
Economic institutions encompassing increasingly sophisticated concepts of risk-sharing and liability flourished in Europe since the High Middle Ages. These innovations occurred in an environment of fragmented local jurisdictions, not within the framework of the territorial state. In this short...
Persistent link: https://www.econbiz.de/10005870503