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The political economy of resource rich countries is surveyed. The empirical evidence suggests that countries with a large share of primary exports in GNP have bad growth records and high inequality, especially if the quality of institutions and the rule of law are bad. The economic argument that...
Persistent link: https://www.econbiz.de/10005661592
Three main vantage points are brought together in this paper: (1) Israel’s relatively good economic performance in recent years – at least, in comparison with other Western countries that have still not emerged from the recession; (2) motivations for the wave of social protests that erupted...
Persistent link: https://www.econbiz.de/10011084118
An extensive literature on the convergence of productivity between countries examines whether productivity is pulled … use the wide dispersion of productivity across firms to explore convergence to the national frontier. Given this within …
Persistent link: https://www.econbiz.de/10005123710
productivity, ii) exporters charge on average higher markups and iii) firms’ markups increase (decrease) upon export entry (exit …). We see these findings as a first step in opening up the productivity-export black box, and provide a potential … explanation for the big measured productivity premia for firms entering export markets. …
Persistent link: https://www.econbiz.de/10008528532
, using UK experience as empirical focus. We show that a productivity burst simulation is capable of explaining the …
Persistent link: https://www.econbiz.de/10005791457
business sector labour productivity in the major OECD countries. The method implies that the trend is the long-run forecast of … productivity, given all available information; the cycle is thus interpreted as the total excess growth that would be forecasted … beyond `normal' rates of productivity (see Evans and Reichlin (1993a)). Multivariate trends in productivity were estimated …
Persistent link: https://www.econbiz.de/10005792503
This paper considers the sources of long-term economic growth for Turkey over the period 1880-2005. The period in question covers the decline and eventual dissolution of the former Ottoman Empire and the emergence of the new Turkish Republic in 1923. Hence, the paper provides a unique look at...
Persistent link: https://www.econbiz.de/10005504216
This paper analyzes the role of patent filing fees requested by the member states of the European Patent Convention (EPC). We provide a first empirical evidence showing that the fee elasticity of the demand for priority applications is negative and significant. Given the strong variation in...
Persistent link: https://www.econbiz.de/10005504614
One feature of the European patent system that is heavily criticized nowadays is related to its complex fragmentation and the induced cost burden for applicants. Once a patent is granted by the EPO, the assignee must validate (and often translate) it and pay the renewal fees to keep it in force...
Persistent link: https://www.econbiz.de/10005497755
Convergence concerns poor economies catching up with rich ones. At issue is what happens to the cross-sectional distribution of economies, not whether a single economy tends towards its own steady state. It is the latter, however, that has preoccupied the traditional approach to convergence...
Persistent link: https://www.econbiz.de/10005497811