Found 1323 article(s) in category 'Economic Growth'

Currency Choice and Exchange Rate Pass-through

Currency Choice and Exchange Rate Pass-through. Gopinath, Gita, Oleg Itskhoki, and Roberto Rigobon, 2010, Paper. “We show, using novel data on currency and prices for US imports, that even conditional on a price change, there is a large difference in the exchange rate pass-through of the average good priced in dollars (25 percent) versus nondollars (95 percent). We document this to be the case across countries and within disaggregated sectors. This finding contradicts the assumption in an important class of models that the currency of pricing is exogenous. We present a model of endogenous currency choice in a dynamic price…” Link

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Investing in the Unknown and Unknowable

Investing in the Unknown and Unknowable. Richard Zeckhauser, 2010, Book Chapter, “David Ricardo made a fortune buying bonds from the British government four days in advance of the Battle of Waterloo. 1 He was not a military analyst, and even if he were, he had no basis to compute the odds of Napoleon’s defeat or victory, or hard-to-identify ambiguous outcomes. Thus, he was investing in the unknown and the unknowable. Still, he knew that competition was thin, that the seller was eager, and that his windfall pounds should Napoleon lose would be worth much more than the pounds he’d lose should Napoleon win. Ricardo knew a good bet when he saw it.” Link

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New Look: Going Private with Private Equity Support

New Look: Going Private with Private Equity Support. Josh Lerner, 2010, Paper, “In July 2003, UK fashion retailer New Look was taken private with the support of Apax Partners/Permira. The management of New Look, originally listed publicly in 1998, wanted to transform the company to improve performance and take advantage of several opportunities they believed the UK and European retail sector offered. These transformations would increase business risk and require substantial investments and patience from investors.Link

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International Differences in Entrepreneurship

International Differences in Entrepreneurship. Josh Lerner, 2010, Book, “Often considered one of the major forces behind economic growth and development, the entrepreneurial firm can accelerate the speed of innovation and dissemination of new technologies, thus increasing a country’s competitive edge in the global market. As a result, cultivating a strong culture of entrepreneurial thinking has become a primary goal throughout the world.Link

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The Greenness of China: Household Carbon Dioxide Emissions and Urban Development

The Greenness of China: Household Carbon Dioxide Emissions and Urban Development. Edward Glaeser, December 2009, Paper. “China urbanization is associated with both increases in per capita income and greenhouse gas emissions. This article uses micro data to rank 74 major Chinese cities with respect to their household carbon footprint. We find that the ‘greenest’ cities based on this criterion are Huaian and Suqian while the ‘dirtiest’ cities are Daqing and Mudanjiang. Even in the dirtiest city (Daqing), a standardized household produces only one-fifth of the emissions produced in America’s greenest city…” Link

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Urban Economics and Entrepreneurship

Urban Economics and Entrepreneurship. Edward Glaeser, November 2009, Paper. “Research on entrepreneurship often examines the local dimensions of new business formation. The local environment influences the choices of entrepreneurs; entrepreneurial success influences the local economy. Yet modern urban economics has paid relatively little attention to entrepreneurs. This essay introduces a special issue of Journal of Urban Economics dedicated to the geography of entrepreneurship. The paper frames the core questions facing researchers interested in assessing the local causes and consequences of entrepreneurship…” Link

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Ricardo Hausmann – Building Blocks of Economic Complexity

Ricardo Hausmann – Building Blocks of Economic Complexity. Ricardo Hausmann, 2009, Video. “The Atlas of Economic Complexity online is a powerful interactive tool that enables users to visualize a country’s total trade, track how these dynamics change over time and explore growth opportunities for more than a hundred countries worldwide. The Atlas is used by investors, entrepreneurs, policymakers, students and the general public to better understand the competitive landscape of countries around the globe…” Link

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Global Imbalances and the Financial Crisis: Products of Common Causes

Global Imbalances and the Financial Crisis: Products of Common Causes, Kenneth Rogoff, October 2009, Paper. “Until the outbreak of financial crisis in August 2007, the mid-2000s was a period of strong economic performance throughout the world. Economic growth was generally robust; inflation generally low; international trade and especially financial flows expanded; and the emerging and developing world experienced widespread progress and a notable absence of crises. This apparently favorable equilibrium was underpinned, however, by three trends that appeared increasingly unsustainable as time went by…” Link

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Large changes in fiscal policy: taxes versus spending

Large changes in fiscal policy: taxes versus spending. Alberto Alesina, October 2009, Paper. “We examine the evidence on episodes of large stances in fiscal policy, both in cases of fiscal stimuli and in that of fiscal adjustments in OECD countries from 1970 to 2007. Fiscal stimuli based upon tax cuts are more likely to increase growth than those based upon spending increases. As for fiscal adjustments those based upon spending cuts and no tax increases are more likely to reduce deficits and debt over GDP ratios than those based upon tax increases…” Link

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