Showing 61 - 70 of 361
The socioeconomic performance of today's workers depends not only on parental skills, but also on the average skills of the ethnic group in the parent's generation (or ethnic capital). This paper investigates the link between the ethnic externality and ethnic neighborhoods. The evidence...
Persistent link: https://www.econbiz.de/10012473992
Global environmental concerns have increased the sensitivity of governments and other parties to the actions of those outside their national jurisdiction. Parties have tried to extend influence extraterritorially both by promising to reward desired behavior and by threatening to punish undesired...
Persistent link: https://www.econbiz.de/10012474062
externalities from overall diversity of the local environment (urbanization, or Jacobs externalities). In contrast to previous …, and instruments, this paper analyzes the role of dynamic externalities for individual industries. Key issues examined … include the role of externalities from own industry concentration (localization, or MAR externalities) versus the role of …
Persistent link: https://www.econbiz.de/10012474195
subject to dynamic increasing returns, and pecuniary externalities that result from the factor substitution in the final goods …
Persistent link: https://www.econbiz.de/10012474593
providing new evidence helpful for discriminating between different types of externalities. We investigate four-digit level … most important factor in the transmission of externalities. This suggests that transactions externalities accruing … primarily to the seller, and/or activity-driven demand externalities are significant for explaining the short-run behavior of …
Persistent link: https://www.econbiz.de/10012475186
This paper assumes that workers can move from a market with high unemployment to one with low unemployment at a cost. In principle. equilibrium mobility can be greater or less than the social optimum. For most plausible parameter values. however. mobility is too low. Intuitively. mobility has a...
Persistent link: https://www.econbiz.de/10012475287
presence of externalities. The paper employs a two-period, open economy framework in which the central government allocates its … externalities. This is not only because debt relief that expands the availability of current resources has positive direct income …
Persistent link: https://www.econbiz.de/10012475365
The paper emphasizes the role of institutions and incentives in the presence of externalities. An economy with multiple …
Persistent link: https://www.econbiz.de/10012475638
We reexamine several bodies of data on the growth of output, labor, and capital, within the context of a model that admits the possibility of an externality to the capital input. The model is an augmented version of Paul Romer's (1987) reformulation of the Solow model. Unlike Romer, however, we...
Persistent link: https://www.econbiz.de/10012475847
This paper develops a method for joint estimation of both the degree of internal returns to scale and the extent of external economies. We apply the method in estimating returns to scale indexes for U.S. manufacturing industries at the two-digit level. Overall, we find that only three of the...
Persistent link: https://www.econbiz.de/10012476015