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Persistent link: https://www.econbiz.de/10010493181
Im Bereich der IKT-Infrastruktur wurde der Ausbau des Telekommunikationsnetzes in den siebziger und achtziger Jahren in den meisten OECD-Staaten durch die öffentliche Hand vollzogen. Demgegenüber findet der derzeitige Umbau des alten Telekommunikationsnetzes zu einem modernen digitalen...
Persistent link: https://www.econbiz.de/10003843507
Die volkswirtschaftlichen Effekte von Hochschulgründungen sind nicht einfach nachzuweisen, weil die Richtung der Kausalität zunächst nicht klar ist. Die vorliegende Studie konzentriert sich auf Ergebnisse von wissenschaftlichen Arbeiten, welche dieses Problem lösen und tatsächlich die...
Persistent link: https://www.econbiz.de/10014301807
Universities exert a positive impact on the development of a region. They increase employment in high-tech and knowledgeintensive industries and raise long-term wages. Research results from universities are the basis for technological progress, new products, and start-ups. Framework conditions...
Persistent link: https://www.econbiz.de/10013397708
Does the mere presence of big banks affect macroeconomic outcomes? In this paper, we develop a theory of granularity (Gabaix, 2011) for the banking sector, introducing Bertrand competition and heterogeneous banks charging variable markups. Using this framework, we show conditions under which...
Persistent link: https://www.econbiz.de/10013081202
Does the mere presence of big banks affect macroeconomic outcomes? In this paper, we develop a theory of granularity (Gabaix, 2011) for the banking sector, introducing Bertrand competition and heterogeneous banks charging variable markups. Using this framework, we show conditions under which...
Persistent link: https://www.econbiz.de/10013059846
Does the mere presence of big banks affect macroeconomic outcomes? Gabaix (2011) shows that idosyncratic shocks can have aggregate effects if the distribution of firm sizes in manufacturing follows a power law distribution. Our contribution is two-fold. First, we expand the theory of granularity...
Persistent link: https://www.econbiz.de/10010336792
Persistent link: https://www.econbiz.de/10009763759
Does the mere presence of big banks affect macroeconomic outcomes? In this paper, we develop a theory of granularity (Gabaix, 2011) for the banking sector, introducing Bertrand competition and heterogeneous banks charging variable markups. Using this framework, we show conditions under which...
Persistent link: https://www.econbiz.de/10010225567
Persistent link: https://www.econbiz.de/10009702604