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What Do We Learn From Schumpeterian Growth Theory?
Howitt, Peter; Aghion, Philippe; Akcigit, Ufuk - National Bureau of Economic Research (NBER) - 2013
Schumpeterian growth theory has "operationalized" Schumpeter''s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process which could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10010951386
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Back to Basics: Basic Research Spillovers, Innovation Policy and Growth
Akcigit, Ufuk; Hanley, Douglas; Serrano-Velarde, Nicolas - National Bureau of Economic Research (NBER) - 2013
This paper introduces a model of endogenous growth through basic and applied research. Basic research differs from applied research in the nature and the magnitude of the generated spillovers. We propose a novel way of empirically identifying these spillovers and embed them in a general...
Persistent link: https://www.econbiz.de/10010821771
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Growth in Regions
La Porta, Rafael; Lopez-de-Silanes, Florencio; … - National Bureau of Economic Research (NBER) - 2013
We use a newly assembled sample of 1,503 regions from 82 countries to compare the speed of per capita income convergence within and across countries. Regional growth is shaped by similar factors as national growth, such as geography and human capital. Regional convergence is about 2.5% per year,...
Persistent link: https://www.econbiz.de/10010950694
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Product and Labor Market Regulations, Production Prices, Wages and Productivity
MAIRESSE, Jacques; Cette, Gilbert; Lopez, Jimmy - National Bureau of Economic Research (NBER) - 2014
This study is an attempt to evaluate the effects of product and labour market regulations on industry productivity …-factor productivity is negatively and significantly influenced by both indicators of industrial prices from same industry and weighted … all countries could expect sizeable gains in multifactor productivity from deregulation reforms. …
Persistent link: https://www.econbiz.de/10010950712
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Convergence and Modernization Revisited
Barro, Robert J. - National Bureau of Economic Research (NBER) - 2012
In an 80-country panel since the 1960s, the convergence rate for per capita GDP is around 1.7% per year. This "beta convergence" is conditional on an array of explanatory variables that hold constant countries' long-run characteristics. The introduction of country fixed effects generates a much...
Persistent link: https://www.econbiz.de/10010951080
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Upstream Product Market Regulations, ICT, R&D and Productivity
MAIRESSE, Jacques; Cette, Gilbert; Lopez, Jimmy - National Bureau of Economic Research (NBER) - 2013
through which upstream sector anticompetitive regulations may impact productivity growth: business investments in R&D and in … relating productivity explicitly to R&D and ICT capital as well as to upstream regulations, and two factor demand functions … finding that the impact of upstream regulations on total factor productivity can be sizeable, and they provide evidence that a …
Persistent link: https://www.econbiz.de/10010821929
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Human Capital and Regional Development
La Porta, Rafael; Lopez-de-Silanes, Florencio; … - National Bureau of Economic Research (NBER) - 2011
productivity in several thousand establishments located in these regions. To organize the discussion, we present a new model of … allocation of talent between entrepreneurship and work, and the Lucas (1988) model of human capital externalities. The evidence …
Persistent link: https://www.econbiz.de/10009147836
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On the Ethnic Origins of African Development Chiefs and Pre-colonial Political Centralization
Michalopoulos, Stelios; Papaioannou, Elias - National Bureau of Economic Research (NBER) - 2014
We report on recent findings of a fruitful research agenda that explores the importance of ethnic-specific traits in shaping African development. First, using recent surveys from Sub-Saharan African countries, we document that individuals identify with their ethnic group as often as with the...
Persistent link: https://www.econbiz.de/10010951097
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Does Religion Affect Economic Growth and Happiness? Evidence from Ramadan
Campante, Filipe R.; Yanagizawa-Drott, David H. - National Bureau of Economic Research (NBER) - 2013
outcomes, and find that these results cannot be primarily explained by a direct reduction in labor productivity due to fasting …
Persistent link: https://www.econbiz.de/10010723395
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International R&D Spillovers and Institutions
Helpman, Elhanan; Hoffmaister, Alexander W.; Coe, David T. - National Bureau of Economic Research (NBER) - 2008
characteristics. The results suggest that institutional differences are important determinants of total factor productivity and that …
Persistent link: https://www.econbiz.de/10005830194