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Something Out of Nothing? Neoclassical Growth and the 'Trivial' Steady State

Hakenes, Hendrik - 2006

A common perception about the neoclassical growth model is that an economy devoid of capital cannot evolve to strictly positive levels of output if capital is essential. We challenge this view by positing a broad class of production functions, encompassing the neoclassical production function,...

Persistent link: https://www.econbiz.de/10012780464

Exports and Property Prices in France : Are They Connected?

Égert, Balázs - 2013

France has seen a marked deterioration in its export performance in the last 10 years or so. Previous empirical … research pointed out that weak export performance was due to i) vigorous domestic demand; ii) lower mark-ups due to head …. Our econometric analysis shows that the resource reallocation argument helps explain French export performance between the …

Persistent link: https://www.econbiz.de/10013094744

Ethnic Divisions and Production in Firms

Hjort, Jonas - 2013

A body of literature suggests that ethnic heterogeneity limits economic growth. This paper provides microeconometric evidence on the direct effect of ethnic divisions on productivity. In team production at a plant in Kenya, an upstream worker supplies and distributes flowers to two downstream...

Persistent link: https://www.econbiz.de/10013073086

The Quantitative Importance of Openness in Development

Cai, Wenbiao - 2013

This paper deals with a classic development question: how can the process of economic development – transition from stagnation in a traditional technology to industrialization and prosperity with a modern technology – be accelerated? Lewis (1954) and Rostow (1956) argue that the pace of...

Persistent link: https://www.econbiz.de/10013075128

Modeling Institutions, Start-Ups and Productivity during Transition

Brixiova, Zuzana - 2010

The transition paths from plan to market have varied markedly across countries. Central and Eastern European and the Baltic countries, which opted for a fast and profound transformation of their institutions including business climates, rapidly narrowed the productivity gap with advanced...

Persistent link: https://www.econbiz.de/10013147452

Geography, Non-Homotheticity, and Industrialization : A Quantitative Analysis

Breinlich, Holger; Cunat, Alejandro - 2021

We propose a quantitative framework for the analysis of industrialization in which specialization in manufacturing or agriculture is driven by comparative advantage and non-homothetic preferences. Countries are integrated through trade but trade is not costless and geographic position matters....

Persistent link: https://www.econbiz.de/10013315863

Catch Me If You Can - Education and Catch-Up in the Industrial Revolution

Becker, Sascha O.; Hornung, Erik; Woessmann, Ludger - 2021

Existing evidence, mostly from British textile industries, rejects the importance of formal education for the Industrial Revolution. We provide new evidence from Prussia, a technological follower, where early-19th-century institutional reforms created the conditions to adopt the exogenously...

Persistent link: https://www.econbiz.de/10013316306

Morbidity, Mortality, Health Expenditures and Annuitization

Tang, Kam Ki - 2010

In this paper we explore the implication of a morbidity risk for the relationship between longevity and annuitization. We divide old-age life into two periods with uncertain survival from the end of the first to the end of the second. We show that a rise in the survival rate causes different...

Persistent link: https://www.econbiz.de/10012759851

Company Tax Reform in Europe and its Effect on Collusive Behavior

Schjelderup, Guttorm - 2006

We study how harmonization of corporate tax systems affects the stability of international cartels. We show that tax base harmonization reinforces collusive agreements, while harmonization of corporate tax rates may destabilize or stabilize cartels. We also find that bilateral and full...

Persistent link: https://www.econbiz.de/10012780252

A Unified Theory of Firm Selection and Growth

Arkolakis, Costas - 2021

This paper develops a theory of firm selection and growth and embeds it into an international trade framework of balanced growth. I assume that firm-level growth is the result of idiosyncratic productivity improvements while there is continuous arrival of new potential producers. Firms can also...

Persistent link: https://www.econbiz.de/10013316364