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Easterly, William; King, Robert G; Levine, Ross; … - C.E.P.R. Discussion Papers - 1994

This paper describes a simple model of technology adoption which combines the two engines of growth emphasized in the recent growth literature: human capital accumulation and technological progress. Our model economy does not create new technologies, it simply adopts those that have been created...

Persistent link: https://www.econbiz.de/10005788966

Post-War Growth of the Danish Economy

Pedersen, Peder J - C.E.P.R. Discussion Papers - 1994

Economic growth in Denmark in the post-war years has been close to the OECD average. The `golden age' of very high growth was, however, of shorter duration in Denmark than in most other OECD countries. The main emphasis in this paper is on the description of productivity performance in the...

Persistent link: https://www.econbiz.de/10005791818

Electoral Incentives and Economic Policy across Political Regimes

Galasso, Vincenzo; Nunnari, Salvatore - C.E.P.R. Discussion Papers - 2010

This paper provides a direct test of the causal link from electoral rules to economic policy. Our theoretical model delivers unambigous predictions on the interaction between institutions and a time varying event, namely the unemployment rate in pivotal and non-pivotal districts. We use local...

Persistent link: https://www.econbiz.de/10008466353

Foreign Direct Investment and Politics: The Swedish Model

Blomström, Magnus; Kokko, Ari - C.E.P.R. Discussion Papers - 1995

Sweden is home to a remarkably large number of prosperous multinationals. We argue that this is partly the result of industrial policies that have been biased in favour of large firms, and partly the result of an institutional setting where regulations and controls have facilitated investment...

Persistent link: https://www.econbiz.de/10005123621

The Measurement of Policy Effects in a Non-Causal Model: An Application to Economic Policy in the UK, 1974-79

Artis, Michael J; Bladen-Hovell, Robin; Ma, Yue - C.E.P.R. Discussion Papers - 1991

There is a well-established methodology for measuring the effects of economic policy in a model that is `causal' or backward-looking. In this paper a complementary methodology is described for the case in which the model is `non-causal' or forward-looking. The methodology is then applied to an...

Persistent link: https://www.econbiz.de/10005281389

'Globalization' and Relocation in a Vertically Differentiated Industry

Cordella, Tito; Grilo, Isabel - C.E.P.R. Discussion Papers - 1998

decisions, when the removal either of trade barriers or of restrictions on capital outflows/inflows (‘globalization’) allows … yields the relocation of the whole industry, autarchy is strictly better, in welfare terms, than ‘globalization’. It is only … when relocation is a dominant strategy for one (and only one) of the firms, that ‘globalization’ may be unambiguously …

Persistent link: https://www.econbiz.de/10005661863