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When Does Domestic Saving Matter for Economic Growth?
Aghion, Philippe; Comin, Diego; Howitt, Peter - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2006
must be adapted. In such a country, local saving matters for innovation, and therefore growth, because it allows the … innovation project, so local saving does not matter for growth. In our empirical exploration we show that lagged savings is …
Persistent link: https://www.econbiz.de/10005292804
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When Does Domestic Saving Matter for Economic Growth?
Aghion, Philippe; Comin, Diego; Howitt, Peter; Tecu, Isabel - Harvard Business School, Harvard University - 2009
domestic entrepreneur who is familiar with local conditions. In such a country, domestic saving matters for innovation, and …
Persistent link: https://www.econbiz.de/10005754947
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Technology, information and the decentralization of the firm
Acemoglu, Daron; Aghion, Philippe; Lelarge, Claire; Van … - London School of Economics (LSE) - 2006
This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the...
Persistent link: https://www.econbiz.de/10010884642
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Technology, Information and the Decentralization of the Firm
Acemoglu, Daron; Aghion, Philippe; Lelarge, Claire; Van … - C.E.P.R. Discussion Papers - 2006
This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the...
Persistent link: https://www.econbiz.de/10005136707