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The paper presents a new calibration for CORTAX (short for CORporate TAXation), which is a computable general equilibrium (CGE) model covering all EU member states, the US, Japan and a tax haven. The CORTAX model was originally built by the Centraal Planbureau (CPB) in the Netherlands based on...
Persistent link: https://www.econbiz.de/10011982016
We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual-level, idiosyncratic risk implies that distinct...
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and intangible capital, greater product complexity, higher revenue and quantity total factor productivity and …
Persistent link: https://www.econbiz.de/10014483162
, business performance relies also on knowledge distinctiveness. In other words, the complexity of a knowledge base is not simply … paper develops a new complexity indicator able to capture the complexity of the knowledge base by applying a topic modeling … approach to the analysis of patent text. We explore the empirical relation between pre-entry complexity of knowledge, as …
Persistent link: https://www.econbiz.de/10013402025
After having pointed out the diverse uses of the term infrastructure in the literature on the market-economy, the different categories of infrastructure will be described. The argument in this context is that the classification of infrastructure suggested by Jochimsen has proved useful:...
Persistent link: https://www.econbiz.de/10011525280
Arthur Lewis' seminal 1954 paper and its emphasis on dualism appeared at a time when neither the work of Keynes or Harrod-Domar nor the later neoclassical production function of Solow seemed relevant for developing countries. As a consequence, his model, rooted in the classical tradition, plus...
Persistent link: https://www.econbiz.de/10011607423
This paper makes an effort to trace the course of development thinking and associated development policy over the past six decades. Section I focuses on the early Post-War Consensus, with theory focused on extensions of classical dualism theory and policy concentrating on creating the...
Persistent link: https://www.econbiz.de/10011609655
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