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Institutions, holdup and automation
Presidente, Giorgio - 2019
This paper documents a positive relationship between labor-friendly institutions and investment in industrial robots in … a sample of advanced economies. Institutions explain a substantial proportion of cross-country variation in automation …. The relationship between institutions and robots is stronger in sunk cost-intensive industries, where producers are more …
Persistent link: https://www.econbiz.de/10012103580
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The ideological roots of institutional change
Iyigun, Murat; Rubin, Jared - 2017
Why do some societies fail to adopt more efficient institutions in response to changing economic conditions? And why do … institutions. When new technologies emerge, uncertainty results from a lack of understanding how the technology will fit with … prevailing ideologies and institutions. This uncertainty discourages investment in institutions and the cultural capital …
Persistent link: https://www.econbiz.de/10011641551
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A theory of conservative revivals
Iyigun, Murat; Rubin, Jared; Seror, Avner - 2018
Why do some societies fail to adopt more efficient political and economic institutions in response to changing economic … productivity, cultural beliefs and institutions. In our model, production shocks that benefit one sector of the economy may induce …
Persistent link: https://www.econbiz.de/10011949432
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Structural development accounting
Gancia, Gino; Müller, Andreas; Zilibotti, Fabrizio - 2011
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10010316866
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Structural development accounting
Gancia, Gino Alessandro; Müller, Andreas; Zilibotti, … - 2011
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10009739171
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Structural Development Accounting
Gancia, Gino; Müller, Andreas; Zilibotti, Fabrizio - 2011
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10014184424
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Chapter 1. What Do We Learn From Schumpeterian Growth Theory?
Aghion, Philippe; Akcigit, Ufuk; Howitt, Peter - 2014
institutions; and (iv) the emergence and impact of long-term technological waves. In each case, Schumpeterian growth theory …
Persistent link: https://www.econbiz.de/10014025596
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The relationship between economic growth and democracy : alternative representations of technological change
Heshmati, Almas; Kim, Nam-Seok - 2017
This study investigates the relationship between economic growth and democracy by estimating a nation's production function specified as static and dynamic models using panel data. In estimating the production function, it applies a single time trend, multiple time trends and the general index...
Persistent link: https://www.econbiz.de/10011704213
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Patterns of total factor productivity growth in Mexico : 1991-2011
Ramos, Luis Fernando Colunga; Torre Cepeda, Leonardo Egidio - 2015
We review some patterns of Total Factor Productivity (TFP) growth in the Mexican economy during the period 1991-2011 using the KLEMS data set published by INEGI in 2013. The data shows a strong positive correlation between TFP and output growth. As a result, tests were performed in order to...
Persistent link: https://www.econbiz.de/10011399188
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Takeoffs, landing, and economic growth
Pakrashi, Debayan; Frijters, Paul - 2017
Economic growth in the East Asian economies was remarkable during the latter part of the 20th century, starting with Japan just after World War II, followed by the East Asian Tigers and "tiger cubs" after that and, most recently, the People's Republic of China and India. The high, sustained...
Persistent link: https://www.econbiz.de/10011591072