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and Norway in order to measure how they responded to global markets during the First and Second Globalizations. Both … export performance and industrial expansion. In the case of Chile, our analysis highlights a clear re-primarization based on … one single product whose exploitation did not require heavy knowledge investments. By contrast, Norway was able to combine …
Persistent link: https://www.econbiz.de/10012608857
China monetary policy, as well as its transmission, is yet to be understood by researchers and policymakers. In the spirit of Taylor (1993, 2000), we develop a tractable framework that approximates practical monetary policy of China. The framework, grounded in relevant institutional elements,...
Persistent link: https://www.econbiz.de/10011776819
China monetary policy, as well as its transmission, is yet to be understood by researchers and policymakers. In the spirit of Taylor (1993, 2000), we develop a tractable framework that approximates practical monetary policy of China. The framework, grounded in relevant institutional elements,...
Persistent link: https://www.econbiz.de/10011536504
This paper provides evidence that capital market imperfections hold back innovation and growth, and that public policy can complement capital markets. We deliver the evidence by studying the effects of government funding on the behavior of SMEs in Finland. By adapting the methodology recently...
Persistent link: https://www.econbiz.de/10010285181
Persistent link: https://www.econbiz.de/10011399172
Persistent link: https://www.econbiz.de/10010230388
Persistent link: https://www.econbiz.de/10010241910
In this note we study the distortions in an endogenous growth model developed by Grimaud and Tournemaine (2007), where new pieces of knowledge are produced in a R&D sector and used to reduce pollution emissions. Using this model along with a realistic calibration, we conclude that the economy...
Persistent link: https://www.econbiz.de/10010385803
Persistent link: https://www.econbiz.de/10010250742
number of employees. A distinction is made between enterprises that did and that did not receive subsidies from national and … accounts, own surveys data, and government data on public subsidies to enterprises. The mean values and standard deviations of … enterprises that did receive subsidies with the enterprises that did not receive subsidies in the two financial periods. The …
Persistent link: https://www.econbiz.de/10012794365