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If capital is an essential input, the neoclassical growth model has a steady state with zero capital. From this, one is inclined to conclude that an economy starting without capital can never grow. We challenge this view and claim that, if the production function satisfies the Inada conditions,...
Persistent link: https://www.econbiz.de/10005792095
The growth of cotton textile imports into Britain from India opened up new opportunities for import substitution as the new cloths, patterns and designs became increasingly fashionable. However, high silver wages in Britain as a result of high productivity in other tradable goods and services,...
Persistent link: https://www.econbiz.de/10005662364
The literature on within-firm organizational change and productivity suggests that firms can make more efficient use of certain technologies if complementary forms of organization are adopted. This issue may be of even greater importance for the case of greenhouse gas (GHG) abatement...
Persistent link: https://www.econbiz.de/10011084545
We study the location-specific component in research productivity of economics and finance faculty who have ever been affiliated with the top 25 universities in the last three decades. We find that there was a positive effect of being affiliated with an elite university in the 1970s; this effect...
Persistent link: https://www.econbiz.de/10005124384
We propose two distinct approaches to the measurement of industry upstreamness (or average distance from final use) and show that they yield an equivalent measure. Furthermore, we provide two additional interpretations of this measure, one of them related to the concept of forward linkages in...
Persistent link: https://www.econbiz.de/10011083494
We collect time-use data for entrepreneurs and their workers in over 1,000 manufacturing firms in urban Uganda. We document limited labor specialization within the firm for establishments of all sizes and argue that this is likely due to the prevalence of product customization. We then develop a...
Persistent link: https://www.econbiz.de/10014372497
We use survey data on an opt-in panel of around 2,500 US small businesses to assess the impact of COVID-19. We find a …
Persistent link: https://www.econbiz.de/10012482532
individuals on the formation of entrepreneurship in a two-country occupation choice model. We show that trade opening gives rise …
Persistent link: https://www.econbiz.de/10005662268
This research examines the determinants of entrepreneurship in the initial transition from agriculture to industrial …
Persistent link: https://www.econbiz.de/10014322864
Why do levels of entrepreneurship differ across America's cities? This paper presents basic facts on two measures of … entrepreneurship: the self-employment rate and the number of small firms. Both of these measures are correlated with urban success … entrepreneurship is linked to a large number of small firms in supplying industries. Finally, there is a strong connection between area …
Persistent link: https://www.econbiz.de/10012465095