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The hold-up problem, innovations, and limited liability

Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2012

An inventor can invest research effort to come up with an innovation. Once an innovation is made, a contract is …

Persistent link: https://www.econbiz.de/10011084016

Innovation, Spillovers and Venture Capital Contracts

Dessí, Roberta - C.E.P.R. Discussion Papers - 2012

Innovative start-ups and venture capitalists are highly clustered, benefiting from localized spillovers: Silicon Valley is perhaps the best example. There is also substantial geographical variation in venture capital contracts: California contracts are more 'incomplete'. This paper explores the...

Persistent link: https://www.econbiz.de/10011084393

Offshoring and Product Innovation

Naghavi, Alireza; Ottaviano, Gianmarco - C.E.P.R. Discussion Papers - 2006

We propose an endogenous growth model with offshoring to investigate its effects on product innovation and growth in …

Persistent link: https://www.econbiz.de/10005123630

Contract Enforcement, Comparative Advantage and Long-Run Growth

Ottaviano, Gianmarco - C.E.P.R. Discussion Papers - 2007

-country dynamic Ricardian model with endogenous innovation and hold-up problems, the value chain consists of two activities …, innovation and production. Entry in the market happens through R&D and entrants face two decisions. The 'location decision … perform innovation and production within the same vertically integrated structure or not. In this framework, the quality of …

Persistent link: https://www.econbiz.de/10005498068

Outsourcing, Contracts and Innovation Networks

Naghavi, Alireza; Ottaviano, Gianmarco - C.E.P.R. Discussion Papers - 2006

innovation. In so doing, we model an industry in which R&D is performed by independent research labs and outsourcing production …

Persistent link: https://www.econbiz.de/10005661520

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

Economic Growth and the Swedish Model

Henrekson, Magnus; Jonung, Lars; Stymne, Joakim - C.E.P.R. Discussion Papers - 1994

We examine the growth performance of Sweden in the post-World War II period, focusing on explaining the relative decline of economic growth in Sweden since the early 1970's. The hypothesis that the relative decline is a consequence of productivity catch-up is rejected. A number of potential...

Persistent link: https://www.econbiz.de/10005791604

Convergence Clubs and Diverging Economies

Ben-David, Dan - C.E.P.R. Discussion Papers - 1994

This paper focuses on the question of income convergence among countries. While the methodology used to determine convergence differs from the common cross-sectional approach, it corroborates Baumol's finding of a convergence club among the world's wealthiest countries. It also shows that there...

Persistent link: https://www.econbiz.de/10005136469

Trade and Convergence Among Countries

Ben-David, Dan - C.E.P.R. Discussion Papers - 1995

This paper examines the relationship between trade and income convergence by focusing on groups of countries comprising major trade partners. The majority of these groups exhibited significant convergence. Furthermore, a comparison of the trade-based groups with different, randomly selected,...

Persistent link: https://www.econbiz.de/10005497780

Slowdowns and Meltdowns: Post-war Growth Evidence from 74 Countries

Ben-David, Dan; Papell, David - C.E.P.R. Discussion Papers - 1995

Many countries, both industrialized and developing, appear to have experienced a slowdown in economic growth. We examine a large sample of countries and find that a majority exhibit a significant structural break in their post-war growth rates. In nearly all of these cases the break was followed...

Persistent link: https://www.econbiz.de/10005498062