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. We calibrate the model to firm-level data from the U.S. and India. We show that the model is quantitatively consistent … quantitative analysis shows that the low efficiency of delegation in India can account for 5% of productivity and 15% of income … differences between the U.S. and India in steady state. We also show that such inefficient delegation possibilities reduce the …
Persistent link: https://www.econbiz.de/10013000531
. We calibrate the model to firm-level data from the U.S. and India. We show that the model is quantitatively consistent … quantitative analysis shows that the low efficiency of delegation in India can account for 5% of productivity and 15% of income … differences between the U.S. and India in steady state. We also show that such inefficient delegation possibilities reduce the …
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One of the most heated debates concerning the standards of protection for foreign investment seems to have taken the wrong track and never looked back. The lapse relates to the question whether the concepts of “fair [or ‘just'] and equitable” treatment and “full protection and...
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