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Small Firms and R&D Spillovers: Evidence from Italy

Audretsch, David B; Vivarelli, Marco - C.E.P.R. Discussion Papers - 1994

more important for small-firm innovation than for their larger counterparts. …

Persistent link: https://www.econbiz.de/10005497984

When Does Labor Scarcity Encourage Innovation?

Acemoglu, Daron - C.E.P.R. Discussion Papers - 2009

environmental regulations can spur more rapid innovation. I present a general framework for the analysis of these questions. I …

Persistent link: https://www.econbiz.de/10005791910

Innovative Activity in Wind and Solar Technology: Empirical Evidence on Knowledge Spillovers Using Patent Data

Braun, Frauke G; Schmidt-Ehmcke, Jens; Zloczysti, Petra - C.E.P.R. Discussion Papers - 2010

sectors (inter-sectoral spillovers), or at the international level. We find that innovation is strongly driven by knowledge … spillovers, especially those occurring at the national level. Wind and solar technologies exhibit distinct innovation … only influential in the case of wind technology. We also find evidence that public R&D stimulates innovation, particularly …

Persistent link: https://www.econbiz.de/10008468596

The Rise of the Machines: Automation, Horizontal Innovation and Income Inequality

Hemous, David; Olsen, Morten - C.E.P.R. Discussion Papers - 2014

We construct an endogenous growth model of directed technical change with automation (the introduction of machines … which replace low-skill labor and complement high-skill labor) and horizontal innovation (the introduction of new products … are low, which induces little automation, such that income inequality and labor's share of GDP are constant. Second, as …

Persistent link: https://www.econbiz.de/10011084688

Political Institutions and Economic Growth

Marsiliani, Laura; Renström, Thomas I - C.E.P.R. Discussion Papers - 2007

We analyze the impact of micro-founded political institutions on economic growth in an overlapping-generations economy, where individuals differ in preferences over a public good (as well as in age). Labour and capital taxes finance the public good and a public input. The benchmark institution...

Persistent link: https://www.econbiz.de/10005504348

Maximum Sustainable Government Debt in the Overlapping Generations Model

Rankin, Neil; Roffia, Barbara - C.E.P.R. Discussion Papers - 1999

The theoretical determinants of maximum sustainable government debt are investigated using Diamond's overlapping-generations model. A level of debt is defined to be 'sustainable' if a steady state with non-degenerate values of economic variables exists. We show that a maximum sustainable level...

Persistent link: https://www.econbiz.de/10005504759

Pension systems, Intergenerational Risk Sharing and Inflation

Beetsma, Roel; Bovenberg, A Lans - C.E.P.R. Discussion Papers - 2007

We investigate intergenerational risk sharing in two-pillar pension systems with a pay-as-you-go pillar and a funded pillar. We consider shocks in productivity, depreciation of capital and inflation. The funded pension pillar can be either defined contribution or defined benefit, with benefits...

Persistent link: https://www.econbiz.de/10005497820

Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints

Ortalo-Magné, François; Rady, Sven - C.E.P.R. Discussion Papers - 2001

This Paper presents a dynamic theory of housing market fluctuations. It develops a life-cycle model where households are heterogeneous with respect to income and preferences, and mortgage lending is restricted by a down-payment requirement. The market interaction of young credit-constrained...

Persistent link: https://www.econbiz.de/10005498172

Modelling the Impact of Demographic Change Upon the Economy

Miles, David K - C.E.P.R. Discussion Papers - 1997

It is well known that over the next few decades there will be significant changes in the demographic structures of nearly all developed countries; in the absence of massive immigration, or of catastrophic new fatal illnesses, by the middle of the next century the ratio of people of working age...

Persistent link: https://www.econbiz.de/10005656147

The Reform of Pension Systems: Winners and Losers Across Generations

Iben, Andreas; Miles, David K - C.E.P.R. Discussion Papers - 1998

In this paper we perform simulations with a stylized model of Germany and the United Kingdom to show which generations might be direct gainers, and which losers, from a transition to funded state pensions. We estimate what the structure of inter-generational bequests would need to be in a...

Persistent link: https://www.econbiz.de/10005656405