do not examine the determinants of the level of per capita income as an indication that a certain theory has better …

adjustment function implies that aggregate investment is relatively unresponsive to aggregate shocks in deep recessions as …

This research examines variations in the diffusion of agriculture across countries and archaeological sites. The theory … the adoption of agriculture. Consistent with the proposed hypothesis, the empirical investigation demonstrates that … agriculture. Farming diffused earlier across regions characterized by intermediate levels of climatic fluctuations, with those …

guarantee existence. When investment adjustment costs are introduced, the monetary and fiscal policy dichotomy is in principle …

more favourable loan package; that it is associated with over-investment even when investment does not create collateral …

business cycle. Second, a shock that moves the land price is capable of generating large volatility in unemployment. Our … estimation indicates that a 10 percent drop in the land price leads to a 0.34 percentage point increase in the unemployment rate …

agricultural investment have had a persistent effect on the distribution of long-term orientation across societies. In particular … return to agricultural investment, triggered selection and learning processes that had a persistent positive effect on the …

The seven largest emerging market economies -China, India, Brazil, Russia, Mexico, Indonesia, and Turkey- constituted …

We argue that, in a simple setting, the relation between the intensity of competition and cost-reducing investment is U … show that, except for firms that are much less efficient than the competitor, investment in the subgame-perfect equilibrium …