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Traditional economic models of vaccination behavior simply assume that agents free-ride on the vaccination decisions of others. We provide three different models of private provision of a public good, such as a joint production model and a conjectural variation model, to explain how a positive...
Persistent link: https://www.econbiz.de/10011805101
Externalities play a central role in most theories of economic growth. We argue that international externalities, in … have international knowledge externalities. When calibrated, the hybrid model does a surprisingly good job of generating …
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We report robust evidence of adverse cross-border externalities from terrorism on trade for over 160 countries from … 1976 to 2014. Terrorism in one country spills over to reduce trade in neighboring nations. These externalities arise from …
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among European regions works through physical rather than human capital externalities …
Persistent link: https://www.econbiz.de/10012965575
This paper applies functional regression to precise geo-coded register data to measure productivity spillovers from high-skilled workers. We use a smoothing splines estimator to model the spatial distribution of high-skilled workers as continuous curves. Our rich panel data allows us to address...
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