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When Does Labor Scarcity Encourage Innovation?

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

This paper studies the conditions under which the scarcity of a factor (in particular, labor) encourages technological progress and technology adoption. In standard endogenous growth models, which feature a strong scale effect, an increase in the supply of labor encourages technological...

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

The Environment and Directed Technical Change

Acemoglu, Daron; Aghion, Philippe; Bursztyn, Leonardo; … - C.E.P.R. Discussion Papers - 2011

This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation. Research can be directed...

Persistent link: https://www.econbiz.de/10009365645

Are clusters more resilient in crises? Evidence from French exporters in 2008-2009

Martin, Philippe; Mayer, Thierry; Mayneris, Florian - C.E.P.R. Discussion Papers - 2013

Clusters have already been extensively shown to favor firm-level economic performance (productivity, exports, innovation etc.). However, little is known about the capacity of firms in clusters to resist economic shocks. In this paper, we analyze whether firms that agglomerate in clusters and...

Persistent link: https://www.econbiz.de/10011084140

Core, Periphery, Exchange Rate Regimes and Globalization

Bordo, Michael D; Flandreau, Marc - C.E.P.R. Discussion Papers - 2001

In this Paper we focus on the different historical regime experiences of the core and the periphery. Using conventional … default in large part because of their extensive external debt obligations denominated in core country currencies. This left … century forbearers. To obtain access to foreign capital they may need a hard peg to the core country currencies, or else can …

Persistent link: https://www.econbiz.de/10005123652

A New Payment Rule for Core-Selecting Package Auctions

Erdil, Aytek; Klemperer, Paul - C.E.P.R. Discussion Papers - 2009

We propose a new, easy-to-implement, class of payment rules, "Reference Rules," to make core-selecting package auctions …

Persistent link: https://www.econbiz.de/10008459772

Effects on School Enrollment and Performance of a Conditional Cash Transfers Program in Mexico

de Janvry, Alain; Dubois, Pierre; Sadoulet, Elisabeth - C.E.P.R. Discussion Papers - 2007

We study the effects of a conditional cash transfers program on school enrollment and performance in Mexico. We provide a theoretical framework for analyzing the dynamic educational process including the endogeneity and uncertainty of performance at school (passing grades) and the effect of a...

Persistent link: https://www.econbiz.de/10005504259

Does the New Economy Need New Governance? Ownership, Knowledge and Performance

Audretsch, David B; Lehmann, Erik - C.E.P.R. Discussion Papers - 2002

We study the implications of ownership and its induced incentives on firm performance in the ‘New Economy’. Instead of traditional performance we use firm survival on the stock market as the performance indicator. Using a unique data set of all 341 firms listed on the Neuer Markt, the German...

Persistent link: https://www.econbiz.de/10005504269

Formal and Informal Risk Sharing in LDCs: Theory and Empirical Evidence

Dubois, Pierre; Jullien, Bruno; Magnac, Thierry - C.E.P.R. Discussion Papers - 2007

We develop and estimate a model of dynamic interactions where commitment is limited and contracts are incomplete to explain the patterns of income and consumption growth in village economies of less developed countries. Households can insure through both formal contracts and informal agreements,...

Persistent link: https://www.econbiz.de/10005504414

The Impact Of Active Labour Market Policies And Benefit Entitlement Rules On The Duration Of Unemployment

Lalive, Rafael; Ours, Jan C van; Zweimüller, Josef - C.E.P.R. Discussion Papers - 2000

We evaluate the effect of active labour market programs on the duration of unemployment in a reward or punish system. In Switzerland, unemployment benefits are conditional upon program attendance after 7 months of unemployment duration. In the evaluation we allow for selectivity affecting the...

Persistent link: https://www.econbiz.de/10005504444

The Dynamics of International Specialization

Redding, Stephen J. - C.E.P.R. Discussion Papers - 1999

The theoretical literature on trade and growth suggests that comparative advantage is endogenous and evolves over time. However, most of the empirical analysis of international trade flows is essentially static in nature. This paper proposes an empirical model of the dynamics of international...

Persistent link: https://www.econbiz.de/10005504676