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We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
This chapter surveys research on social capital. We explore the concepts that motivate the social capital literature, efforts to formally model social capital using economic theory, the econometrics of social capital, and empirical studies of the role of social capital in various socioeconomic...
Persistent link: https://www.econbiz.de/10014023761
While openness to trade is a well-recognized hallmark of the Asian growth model, another component of the model is a …
Persistent link: https://www.econbiz.de/10011283444
Over the past twenty years, Mozambique has achieved remarkable progress in promoting macroeconomic growth and stability … movement of labour out of agriculture has contributed to aggregate growth. But, this trend is slowing and is leading to a … saturation of the services sector. Moreover, productivity growth is weakening within more labour-intensive sectors. We conclude …
Persistent link: https://www.econbiz.de/10011382454
looking forward to a much better future - in terms of both growth and human development - than was deemed possible at the time …
Persistent link: https://www.econbiz.de/10011913065
strategy is linked to transnational territorial cooperation, especially through its third objective, aiming at inclusive growth … research tools of the TERCO Project, which stands for 'European Territorial Cooperation as a Factor of Growth, Jobs and Quality …
Persistent link: https://www.econbiz.de/10011517885
at different stages of development when entering in a new catching-up cycle. Thus, the technological drivers of growth …] can play different roles to accelerate the rate of growth and change their relative position in the leadership rank (win …
Persistent link: https://www.econbiz.de/10012157100
Researchers have linked sub-Saharan Africa's (SSA) poor growth performance in recent decades to several factors … identifies linkages between gender, economic development, and growth, however. This paper explores the macro effects of gender … stimulus to growth in a number of SSA countries underscores the importance of assessing the gender effect of macroeconomic …
Persistent link: https://www.econbiz.de/10010251669
interventions on unemployment and growth. Reforms that result in lower labor costs raise employment, reduce unemployment, and boost …Unemployment occurs because workers and firms have control over wages and prices. The exercise of market power over … growth because they expand the scale of the economy and generate more competition in the product market. The reduction in …
Persistent link: https://www.econbiz.de/10012728356
In medieval times, most people identified with religious values and aggregate income and productivity grew at glacier speed. In the 20th century, religion played a much lesser role in daily life and income and productivity grew at high and unprecedented rates. The present paper develops a simple...
Persistent link: https://www.econbiz.de/10010357676