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do not examine the determinants of the level of per capita income as an indication that a certain theory has better …
Persistent link: https://www.econbiz.de/10010285333
adjustment function implies that aggregate investment is relatively unresponsive to aggregate shocks in deep recessions as …
Persistent link: https://www.econbiz.de/10010321704
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 …
Persistent link: https://www.econbiz.de/10010420257
guarantee existence. When investment adjustment costs are introduced, the monetary and fiscal policy dichotomy is in principle …
Persistent link: https://www.econbiz.de/10010293451
more favourable loan package; that it is associated with over-investment even when investment does not create collateral …
Persistent link: https://www.econbiz.de/10011430112
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 …
Persistent link: https://www.econbiz.de/10010397671
Historically, episodes of rapid growth are accompanied by significant structural change. In this paper we therefore aim to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing economies. To fix ideas we present an extension of...
Persistent link: https://www.econbiz.de/10010263207
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 …
Persistent link: https://www.econbiz.de/10011526704
The seven largest emerging market economies -China, India, Brazil, Russia, Mexico, Indonesia, and Turkey- constituted …
Persistent link: https://www.econbiz.de/10012060228
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 …
Persistent link: https://www.econbiz.de/10010315491