Found 1216 article(s) for author 'Economic Growth'

‘Secular Stagnation’ Even Truer Today

‘Secular Stagnation’ Even Truer Today. Lawrence Summers, May 25, 2017, Opinion, “Larry Summers is doubling down on his secular-stagnation hypothesis. The Harvard economist and former Treasury secretary first offered the bleak diagnosis in November 2013 at an International Monetary Fund conference. The U.S. and much of the rest of the world, he suggested, was suffering from a chronic shortage…Link

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Growth in India is meaningful and significant

Growth in India is meaningful and significant. Michael Porter, May 25, 2017, Video, “Stressing on the fact that competitiveness is important for sustained growth in India, Michael Porter of Harvard Business School said that growth in India is meaningful and significant. He also added that they do not enough data to assess job situation in India.Link


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Firms, crowds, and innovation

Firms, crowds, and innovation. Karim Lakhani, May 2017, Paper, “The purpose of this article is to suggest a (preliminary) taxonomy and research agenda for the topic of “firms, crowds, and innovation” and to provide an introduction to the associated special issue. We specifically discuss how various crowd-related phenomena and practices–for example, crowdsourcing, crowdfunding, user innovation, and peer production–relate to theories of the firm, with particular attention on “sociality” in firms and markets. We first briefly review extant theories of the firm and then discuss three theoretical aspects of sociality related to crowds in the context of strategy, organizations, and innovation: (1) the functions of sociality (sociality as extension of rationality, sociality as sensing and signaling, sociality as matching and identity), (2) the forms of sociality (independent/aggregate and interacting/emergent forms of sociality), and (3) the failures of sociality (misattribution and misapplication). We conclude with an outline of future research directions and introduce the special issue papers and essays.Link

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Should Management Be Primarily Responsible to Shareholders?

Should Management Be Primarily Responsible to Shareholders? james Heskett, May 9, 2017, Opinion, “One of the most controversial theories in business management is again boiling over. Should management put the shorter-term interests of shareholders over the longer-term needs of the company? What do YOU think? asks James Heskett.Link

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No Idea What Trump Means by Reciprocal Tax

No Idea What Trump Means by Reciprocal Tax. Martin Feldstein, May 3, 2017, Video, “Martin Feldstein, professor of economics at Harvard University, discusses his thoughts on tax policy and the Trump administration. He speaks with Bloomberg’s David Westin and Jonathan Ferro on “Bloomberg Daybreak: Americas.” (Source: Bloomberg)” Two Parts –  Link  1 “Reciprocal Tax” Link 2 – “Big Issue is Tax Reform

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Manufacturing and Inclusive Growth: The Experience in the Rest of the World

Manufacturing and Inclusive Growth: The Experience in the Rest of the World. Robert Lawrence, 2017, Paper, “This report describes some of the results from the second phase of the research project on the role of manufacturing in inclusive growth. The first phase of the project examined the US experience. In the second phase, undertaken by Robert Lawrence and Danial Lashkari – a graduate student in the Harvard Department of Economics, the scope of the analysis has broadened to explore the experience of manufacturing employment growth in the rest of the world.Link

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Twenty Years of Time Series Econometrics in Ten Pictures

Twenty Years of Time Series – Econometrics in Ten Pictures. James Stock, Spring 2017, Paper, “Twenty years ago, empirical macroeconomists shared some common understandings. One was that a dynamic causal effect—for example, the effect on output growth of the Federal Reserve increasing the federal funds rate—is properly conceived as the effect of a shock, that is, of an unanticipated autonomous change linked to a specific source. Following Sims (1980), the use of vector autoregressions to estimate the dynamic causal effect of shocks on economic variables was widespread.Link

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Structural Transformation: A competitiveness-based view

Structural Transformation: A competitiveness-based view. Christian Ketels, 2017, “The research on competitiveness aims to enhance our understanding of the drivers of prosperity differences across locations, focusing especially on aspects that can inform policy to support higher levels of prosperity (Porter, 1990; Porter, 2000; Delgado et al., 2013). This chapter outlines key elements of the competitiveness framework, and discusses how it relates to the idea of structural transformation.Link

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Inconvenient Truths About the US Trade Deficit

Inconvenient Truths About the US Trade Deficit. Martin Feldstein, April, 25, 2017, Opinion, “The United States has a trade deficit of about $450 billion, or 2.5% of GDP. That means that Americans import $450 billion of goods and services more than they export to the rest of the world. What explains the enormous US deficit year after year, and what would happen to Americans’ standard of living if it were to decline?Link

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