Found 1766 article(s) in category 'Q1: Economic Growth'

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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Location Strategies for Agglomeration Economies

Location Strategies for Agglomeration Economies. Juan Alcacer, September 2009, Paper. “Geographically concentrated industry activity creates pools of skilled labor, specialized suppliers, and increases opportunities for knowledge spillover. These agglomeration economies offer potential advantage for  firms, but research exploring their strategic implications is incomplete.  Therefore, we develop a three-layer framework of why firms agglomerate for each agglomeration economy. The first layer assesses the relative importance of skilled labor, suppliers, and knowledge spillovers…” Link

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The Building Blocks of Economic Complexity

The Building Blocks of Economic Complexity. Ricardo Hausmann, September 2009, Paper. “For Adam Smith, wealth was related to the division of labor. As people and firms specialize in different activities, economic efficiency increases, suggesting that development is associated with an increase in the number of individual activities and with the complexity that emerges from the interactions between them. Here we develop a view of economic growth and development that gives a central role to the complexity of a country’s economy by interpreting trade data as a bipartite network in which…” Link

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Clusters and Industrial Districts – Common Roots, Different Perspectives

Clusters and Industrial Districts – Common Roots, Different Perspectives. Michael Porter, Christian Ketels, August 31, 2009, Book Chapter. “In 1990, two books appeared which addressed the role of locations in competitiveness and company performance. Industrial Districts and Inter-Firm Co-operation in Italy (Pyke, Becattini and Sengenberger 1990) discussed Giacomo Becattini’s notion of industrial districts (IDs), ‘socio-territorial entities characterized by the active presence of both a community of people and a population of firms in one naturally and historically bounded area [with] a dominant industrial activity’…” May require purchase or user account. Link

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The building blocks of economic complexity

The building blocks of economic complexity. Ricardo Hausmann, June 28, 2009. “For Adam Smith, wealth was related to the division of labor. As people and firms specialize in different activities, economic efficiency increases, suggesting that development is associated with an increase in the number of individual activities and with the complexity that emerges from the interactions between them. Here we develop a view of economic growth and development that gives a central role to the complexity of a country’s economy by interpreting trade data as a bipartite network in which countries are connected to the products they export, and show…” Link

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Do Rising Top Incomes Lift All Boats?

Do Rising Top Incomes Lift All Boats? Daniel Andrews, Christopher Jencks, Andrew Leigh. June 15, 2009, Paper. “Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a panel of 12 developed nations observed for between 22 and 85 years. After 1960, however, a one percentage point rise in the top decile’s income share is associated with a statistically significant 0.12 point rise in GDP growth during the following year…” Link

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The Complementarity Between Cities and Skills

The Complementarity Between Cities and Skills, Edward Glaeser, June 2009, Paper. “There is a strong connection between per-worker productivity and metropolitan area population, which is commonly interpreted as evidence for the existence of agglomeration economies. This correlation is particularly strong in cities with higher levels of skill and virtually nonexistent in less skilled metropolitan areas. This fact is particularly compatible with the view that urban density is important because proximity spreads knowledge, which either makes workers more skilled or entrepreneurs more productive…” Link

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Sustainability in the Boardroom

Sustainability in the Boardroom. Lynn Paine, May 2009, Paper. “One surprising role of Nike’s committee is to provide support for innovation. More and more companies recognize the importance of corporate responsibility to their long-term success–and yet the matter gets short shrift in most boardrooms, consistently ranking at the bottom of some two dozen possible priorities. Many years ago labor conditions in Asian contract factories prompted Nike board member Jill Ker Conway to lobby for a board-level corporate responsibility committee, which the company created in 2001...” Link

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Here We Go Again

Here We Go Again. Ricardo Hausmann, Spring 2009, Opinion.  “Just when Latin America seemed to have overcome its chronic boom-bust cycles, the implosion on Wall Street raised new worries about instability. This time it was supposed to be different. Even as the world economy spiraled into a free fall, Latin America seemed not only poised to break the boom-bust cycle of the previous three decades—but to survive the debacle of 2008. With the economic expansion that started in 2003, the region looked stronger than it had ever been, thanks largely to the structural reforms enacted as a result of previous crises…” Link

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