Found 1786 article(s) in category 'Q1: Economic Growth'

Potential Growth of the World Economy

Potential Growth of the World Economy. Dale Jorgenson, 2010, Paper. “This paper introduces a new framework for projecting potential growth of the world economy, emphasizing the contribution of information technology. We first analyze the sources of economic growth for the world economy, seven regions, and fourteen major economies during four periods – 1989-1995, 1995-2000, 2000-2004, and 2004-2008. The contribution of investment in information technology has increased in all regions, but especially in industrialized economies and Developing Asia. We then project the potential growth rates…” (May require user account or purchase) Link

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How Does Shared Capitalism Affect Economic Performance in the United Kingdom?

How Does Shared Capitalism Affect Economic Performance in the United Kingdom?, Richard B. Freeman, 2010, Book Chapter. “This chapter explores the effect of shared capitalism in economic performance in the United Kingdom. It mentions that firms use various forms of shared capitalist pay together and often accompany them with other labor practices, consistent with the complementary hypothesis. But firms switch among schemes frequently, which suggests that they have trouble optimizing and that the transactions cost of switching are relatively low. Among the single schemes, share ownership has the clearest positive association with productivity, but its impact is largest when firms combine it with other forms of shared capitalist pay. An analysis was conducted by using the linked employer-employee data from the British 2004 Workplace Employment Relations Survey (WERS) to estimate the impact of shared capitalism on productivity and to assess some of the mechanisms by which it produces different outcomes at different workplaces.” Link

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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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