Instituting an initial round of centralized wage setting before an ultimate round ofdecentralized wage bargaining may raise actually raise employment. A general multiequilibriummodel is presented with strategic complementarities in theimplementation of a new technology through aggregate demand...

This paper discusses a new policy framework to appraise proposals of large transport infrastructure investments—transport corridors—and applies it to the China-Pakistan Economic Corridor (CPEC). The framework emphasizes the need to focus the appraisal of transport corridor investments on...

In this paper, we estimate a dynamic structural model of a rm s decision to invest in R&D and use it to measure the expected long-run bene t from R&D investment. We apply the model to German rms in ve high-tech manufacturing industries and distinguish rms by whether they sell in just the...

Over the past decade, nighttime lights have become a widely used proxy for measuring economic activity. This paper examines the potential for high frequency nighttime lights data to provide 'near real-time' tracking of the economic impacts of the COVID-19 crisis in Morocco. At the national...

In this paper we develop a structural empirical model that allows us to estimate the impact of R&D on firm profitability through two channels. In the first channel, R&D investment by the firm can impact the firm's production efficiency and lower its marginal cost. This productivity channel...

Findings of conditional convergence are usually interpreted within a neoclassical growth framework. This follows from the methodology of testing for conditional convergence, whereby the estimating equation is explicitly derived from a neoclassical growth model. Given this explicit derivation,...

Roberts M. (2004) The growth performances of the GB counties: some new empirical evidence for 1977-1993, Reg. Studies 38, 149-165. This paper presents an empirical analysis of the growth performances of the GB counties between the late 1970s and early 1990s. Most notable amongst the findings is...