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Productivity Growth in Latin America during the Twentieth Century
Fitzgerald, Valpy; Astorga, Pablo - Department of Economics, Oxford University - 2003
Analysis of new comparable series on output and employment between 1900 and 2000 for Argentina, Brazil, Chile, Colombia, Mexico, and Venezuela indicates that productivity growth was significantly higher and less volatile during the middle decades of the century than in the opening and closing...
Persistent link: https://www.econbiz.de/10010701813
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American Exceptionalism as a Problem in Global History
Allen, Robert - Department of Economics, Oxford University - 2013
The causes of the USA's exceptional economic performance are investigated by comparing American wages and prices with wages and prices in Great Britain, Egypt, and India.  Habakkuk's views on the causes of American industrial pre-eminence are reassessed.  While the USA had abundant natural...
Persistent link: https://www.econbiz.de/10011004299
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Why is Africa so Poor? A Structural Model of Economic Development and Income Inequality
Fielding, David - Department of Economics, Oxford University - 2000
The paper extends existing work on inequality and economic development by estimating a cross-country structural model that identifies bi-directional relationships between income inequality and other indicators of social and economic development. Overall, lower inequality is associated with...
Persistent link: https://www.econbiz.de/10011146230
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The Industrial Revolution in Miniature: The Spinning Jenny in Britain, France, and India
Allen, Robert; Allen, Robert C. - Department of Economics, Oxford University - 2007
This paper uses the adoption and invention of the spinning jenny as a test case to understand why the industrial revolution occurred in Britain in the eighteenth century rather than in France or India.  It is shown that wages were much higher relative to capital prices in Britain than in other...
Persistent link: https://www.econbiz.de/10005047777
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Basic Research and Sequential Innovation
Belenzon, Sharon - Department of Economics, Oxford University - 2006
The commercial value of basic knowledge depends on the arrival of follow-up developments mostly from outside the boundaries of the inventing firm. Private returns would depend on the extent the inventing firm internalizes these follow-up developments. Such internalization is less likely to occur...
Persistent link: https://www.econbiz.de/10005047750
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Knowledge Flow and Sequential Innovation: Implications for Technology Diffusion, R&D and Market Value
Belenzon, Sharon - Department of Economics, Oxford University - 2006
It is shown that spillovers can enhance private returns to innovation if they feed back into the dynamic research of …` knowledge is reabsorbed by its inventor. A simple model of sequential innovation with dynamic spillovers is developed, which …
Persistent link: https://www.econbiz.de/10005051149
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Patent Laws and Innovation in China
Yueh, Linda - Department of Economics, Oxford University - 2006
This paper explores whether the patent law and intellectual property rights (IPR) system have resulted in innovation in … which factors would explain innovation in China. We find the main determinants of patents to be R&D expenditure and foreign … laws in China have been associated with innovation that has accompanied economic growth despite imperfections in the legal …
Persistent link: https://www.econbiz.de/10004977872
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Innovation in Business Groups
Belenzon, Sharon; Berkovitz, Tomer - Department of Economics, Oxford University - 2007
Using novel data on European firms, this paper examines the effect of business group affiliation on innovation. We find … that business groups foster the scale and novelty of corporate innovation. Group affiliation is particularly important in … industries that rely more on external finance and have a higher degree of information asymmetry. We also find that the innovation …
Persistent link: https://www.econbiz.de/10005090691
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The Value of Intellectual Property Rights to Firms
Greenhalgh, Christine; Rogers, Mark - Department of Economics, Oxford University - 2007
Economists view intellectual property rights (IPRs) as policy tools for encouraging innovation. There are many types of …
Persistent link: https://www.econbiz.de/10005047985
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Untapped Fossil Fuel and the Green Paradox: A classroom calibration of the optimal carbon tax
Ploeg, Rick Van der - Department of Economics, Oxford University - 2013
A classroom model of global warming, fossil fuel depletion and the optimal carbon tax is formulated and calibrated. It features iso-elastic fossil fuel demand, stock-dependent fossil fuel extraction costs, an exogenous interest rate and no decay of the atmospheric stock of carbon. The optimal...
Persistent link: https://www.econbiz.de/10010820342