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The book constructs the Synergy Theory, a new theory of economic growth and calculation methodology. The book involves empirical comparative study on economic growth between China and the 14 developed countries, and on the basis of the synergy theory, divides GDP into labor compensation, capital...
Persistent link: https://www.econbiz.de/10012396875
In an organized and organic way, this book covers all the possible theoretical and empirical facets of delisting, adding to the well-developed literature on IPOs. IPO and delisting are strictly related; the reasons for delisting may be found in the loss of the incentives that drove the firm to the...
Persistent link: https://www.econbiz.de/10012396902
“This book provides an accessible, yet formal framework to understand how housing bubbles arise, their international dimension, their consequences, and ways to prevent them.” Òscar Jordà, University of California, Davis, USA “Basco’s analysis blends, in a very rigorous but enjoyable...
Persistent link: https://www.econbiz.de/10012396926
A groundbreaking study that shows how countries can create innovative, production-based economies for the twenty-first centuryAchieving economic growth is one of today's key challenges. In this groundbreaking book, Michael Best argues that to understand how successful growth happens we need an...
Persistent link: https://www.econbiz.de/10014481463
decentralized institution in 1913 to a remarkably transparent central bank a century later. Offering a unique account of Congress … shaped interactions between the legislature and the Fed, and that have generated a far stronger central bank than anticipated … to achieve them. Examining the interdependent relationship between America’s Congress and its central bank, The Myth of …
Persistent link: https://www.econbiz.de/10014481630
In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, motor vehicles, air travel, and television transformed households and workplaces. But has that era of unprecedented growth come...
Persistent link: https://www.econbiz.de/10014481636
This paper empirically revisits the impact of birthplace diversity on economic growth. We use panel data on US states over the 1960-2010 period. This rich data set allows us to better deal with endogeneity issues and to conduct a large set of robustness checks. Our results suggest that diversity...
Persistent link: https://www.econbiz.de/10011906484
This paper uses a factor-augmented vector autoregressive model to examine the impact of monetary policy shocks on housing prices across metropolitan and micropolitan regions. To simultaneously estimate the model parameters and unobserved factors we rely on Bayesian estimation and inference....
Persistent link: https://www.econbiz.de/10011930297