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Keely, Louise; Quah, Danny - C.E.P.R. Discussion Papers - 1998

We review the role of R&D in endogenous growth theory, and describe extant empirical research – macro and micro – bearing on R&D as an engine of growth. Taking R&D to be key, while recognizing the significance of economic incentives, emphasizes knowledge as an economic object and, more...

Persistent link: https://www.econbiz.de/10005497933

A Theory of Slow-Moving Capital and Contagion

Acharya, Viral V; Shin, Hyun Song; Yorulmazer, Tanju - C.E.P.R. Discussion Papers - 2009

Fire sales that occur during crises beg the question of why sufficient outside capital does not move in quickly to take advantage of fire sales, or in other words, why outside capital is so slow-moving. We propose an answer to this puzzle in the context of an equilibrium model of capital...

Persistent link: https://www.econbiz.de/10004980209

Nonlinear Dynamics, Spillovers and Growth in the G7 Economies: An Empirical Investigation

Sarno, Lucio - C.E.P.R. Discussion Papers - 2000

dynamic adjustment towards long-run equilibrium is governed by a logistic function, while also capturing spillover effects in …

Persistent link: https://www.econbiz.de/10005123970

Using Export Market Performance to Evaluate Regional Preferential Policies in China

Schminke, Annette; Van Biesebroeck, Johannes - C.E.P.R. Discussion Papers - 2011

We apply program evaluation methods to analyze the effectiveness of two types of preferential regional policy programs in China's manufacturing sector. Economic and Technological Development Zones (ETDZs) aim to facilitate firms' internationalization strategies. Science and Technology Industrial...

Persistent link: https://www.econbiz.de/10009385770

Globalization and the Evolution of the Supply Chain: Who Gains and Who Loses?

Fujita, Masahisa; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2003

This Paper focuses on two distinct facets of globalization: the decrease in the trade costs of goods and the decline of communication costs between headquarters and production facilities within firms. When the unskilled have about the same wage in the two regions, the decrease of these costs...

Persistent link: https://www.econbiz.de/10005498045

Trade linkages and the globalisation of inflation in Asia and the Pacific

Auer, Raphael; Mehrotra, Aaron - C.E.P.R. Discussion Papers - 2014

Some observers argue that increased real integration has led to greater co-movement of prices internationally. We examine the evidence for cross-border price spillovers among economies participating in the pan-Asian cross-border production networks. Starting with country-level data, we find that...

Persistent link: https://www.econbiz.de/10011083958

Enterprise Restructuring in Transition: A Quantitative Survey

Djankov, Simeon; Murrell, Peter - C.E.P.R. Discussion Papers - 2002

foreign and domestic competition, the consequences of soft budgets, and the role of managerial incentives and managerial human …

Persistent link: https://www.econbiz.de/10005504282

Competition Enhancing Policies and Infrastructure: Evidence from Russia

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2001

government regulation may reduce transaction costs, intensifying the competition associated with a given market structure, and we …

Persistent link: https://www.econbiz.de/10005504465

The Political Economy of Privatization and Competition: Cross-Country Evidence from the Telecommunications Sector

Colin Xu, Lixin; Li, Wei; Zhen-Wei Qiang, Christine - C.E.P.R. Discussion Papers - 2001

Using a new data set of the telecommunications sector on privatization (1981-98 for 167 countries) and competition …

Persistent link: https://www.econbiz.de/10005504478

Competition and Quality in Regulated Markets: a Differential-Game Approach

Brekke, Kurt Richard; Cellini, Roberto; Siciliani, Luigi; … - C.E.P.R. Discussion Papers - 2008

We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public … drops to the minimum level in steady state, implying that quality competition is effectively eliminated. In this case …, static models tend to exaggerate the positive effect of competition on quality. Our results can explain the mixed empirical …

Persistent link: https://www.econbiz.de/10005504502