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This paper explores the role of managerial capital and business research and development (R&D) in fostering multifactor productivity (MFP) convergence in a panel of 42 countries. The OECD long-term growth model is augmented to show that, in addition to trade openness, an economy’s speed of...
Persistent link: https://www.econbiz.de/10010465017
their economic structures by improving the relevant institutions and governance. …
Persistent link: https://www.econbiz.de/10011755500
) the role of institutions in mediating this impact, with special attention accorded the efficacy of the restraint on the … ; productivity ; policy syndromes ; institutions …
Persistent link: https://www.econbiz.de/10009690745
In this period of high uncertainty about future economic growth, we have developed a growth projection tool for 13 advanced countries and the euro area at the 2100 horizon. This high uncertainty is reflected in the debate on the possibility of a ‘secular stagnation', fuelled by the short-lived...
Persistent link: https://www.econbiz.de/10012964845
This paper explores the link between Brazil's political institutions and its disappointing productivity and growth in … recent decades. Although political institutions provide the president with incentives and the instruments to pursue monetary …
Persistent link: https://www.econbiz.de/10011294491
identify a link between sectoral growth asymmetries and the quality of domestic governance institutions. Especially differences …
Persistent link: https://www.econbiz.de/10011775650
cross-country income differences. This paper analyzesthe effects of institutions and innovations on country productivity … growth. The empiricalevidence shows that institutions and innovations matter, in particular for human capitalefficiency …. Without controlling for endogeneity the effect of innovations turns significantonly when aggregate institutions indexes or …
Persistent link: https://www.econbiz.de/10010312133
The impact of economic institutions on development is presently taken for granted but there is surprisingly scarce … evidence on the channels through which institutions affect the organization of output. Imperfections in contractual enforcement …
Persistent link: https://www.econbiz.de/10010316068
business demographics together with detailed information on product and labor market institutions to support the argument that … these institutions played a role in the premature deindustrialization of the economy and in shaping a structure binding the …
Persistent link: https://www.econbiz.de/10012806018
The issue of what explains differences in the wealth of nations is one of the most classic in economics. We propose de facto academic freedom as an explanatory variable. The main idea is that such freedom allows for the development of new useful knowledge through research unconstrained by...
Persistent link: https://www.econbiz.de/10012625815