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Endogenous Indoctrination: Occupational Choice, the Evolution of Beliefs, and the Political Economy of Reform

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2009

Much of the political economy analysis of reform focuses on the conflict of interest between groups that stand to gain or lose from the competing policy proposals. In reality, there is also a lot of disagreement about the working of the policy: in addition to conflicting interests, conflicting...

Persistent link: https://www.econbiz.de/10005011855

Unemployment and Increasing Returns to Human Capital

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994

unemployment rates. It may be the case that this locus is steep enough to generate increasing returns to education. This may lead … to multiple equilibria: a high-education equilibrium may coexist with a low-education equilibrium. In the former, the … Pareto-ranked, but the latter is preferred to the former by workers, while `savers' prefer the high-education equilibrium. …

Persistent link: https://www.econbiz.de/10005124159

Education, Democracy and Growth

Saint-Paul, Gilles; Verdier, Thierry - C.E.P.R. Discussion Papers - 1992

education. Public education is favourable for growth because it increases the level of human capital and at the same time it … more political support for education; increased political rights are good for growth and also imply a more equal income …

Persistent link: https://www.econbiz.de/10005661435

Business Cycles and Long-run Growth

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1997

This survey discusses the effect of macroeconomic fluctuations on long-run growth from both a theoretical and empirical perspective. It emphasizes the ‘opportunity cost’ approach, which states that firms will intertemporally substitute productivity-enhancing activities for regular production...

Persistent link: https://www.econbiz.de/10005791240

Employment Protection, International Specialization, and Innovation

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1996

This paper develops a model to analyse the implications of firing costs on incentives for R&D and international specialization. The key idea is that, to avoid paying firing costs, the country with a rigid labour market will tend to produce relatively secure goods, at late stages in their product...

Persistent link: https://www.econbiz.de/10005136526

Economic growth and the design of search engines

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2009

The Internet plays a growing role in the economy. This paper extrapolates this trend and analyses a world where most transactions take place in "cyberspace". We ask the following question: how does the design of the search engine affect the incentives to innovate and the economy’s long run...

Persistent link: https://www.econbiz.de/10005666414

Demand-Driven Financial Development

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1995

The historical record suggests that economic development is associated with the rise of the financial sector. This rise is often triggered by exogenous events such as large budget deficits generated by wars or the availability of large investment projects such as railroads. This paper discusses...

Persistent link: https://www.econbiz.de/10005789013

Growth Effects of Non-Proprietary Innovation

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2001

We study and endogenous growth model where a profit-motivated R&D sector coexists with the introduction of free blueprints invented by philanthropists. These goods are priced at marginal cost, contrary to proprietary ones, which are produced by a monopoly owned by the inventor. We show that...

Persistent link: https://www.econbiz.de/10005662038