agglomeration and growth crosscountry evidence

... physical and innovative capital, leading to slower growth in sales and employment and shrinkage of the union sector (see Baldwin 1983; Grout 1984; Hirsch and Prasad 1995; and Addison and Chilton ... productivity growth. Interestingly, British evidence for differences in productivity growth between unionized and nonunionized firms (Nickell, Wadhwani, and Wall 1992, Gregg, Machin, and Metcalf ... Unions and Right-to-Work Laws, Vancouver, B.C.: The Fraser Institute, 1997, pp. 35-70. Unionization and Economic Performance: Evidence on Productivity, Profits, Investment, and Growth...

Ngày tải lên: 21/02/2014, 00:20

Ngày tải lên: 17/03/2014, 10:20

Ngày tải lên: 11/04/2014, 09:28

... Eichengreen, and Wyplosz 2001, 11; Rodríguez and Rodrik 2000, 28-34; and Eichengreen forthcoming, 6. We explicitly address the first and third round of studies of capital account liberalization and growth. ... Onset and Severity of Genocides and Politicides.” Journal of Conflict Resolution 41(3):331-360. La Porta, Rafael, Florencio Lopez-de-Silanes, Andrei Sheifer, and Robert W. Vishny. 1998. “Law and ... trade (exports and imports) and invisibles (payments and receipts for financial and other services). We transformed each measure into a 0 to 100 scale taking 100*(CAPITAL/4) and 100*(CURRENT/8)....

Ngày tải lên: 24/10/2012, 08:50

Ngày tải lên: 24/08/2013, 18:48

... they often promote cell growth and they almost invari- Control of Cell Proliferation and Growth by Myc Proteins 333 2003). There is clear evidence that this effect is direct and not mediated by ... (2003) Defective double- strand DNA break repair and chromosomal translocations by MYC overexpression. Proc Natl Acad Sci USA 100:9974–9979 Control of Cell Proliferation and Growth by Myc Proteins ... dehydrogenase A (LDH-A) and ornithine decarboxylase: induction of these genes contributes to and can be required for Myc-induced proliferation and tumorigenesis, but there is little evidence that the...

Ngày tải lên: 25/10/2013, 21:20

... Manuelli, and Peter E. Rossi. 1993. Optimal taxation in a model of endogenous growth. Journal of Political Economy 101 (3): 485-517. King, Robert, and Sergio Rebelo. 1990. Public policy and economic growth: ... seeking and growth: The case of growth through human capital accu - mulation. Canadian Journal of Economics 25 (4): 944-56. Rebelo, Sergio. 1991. Long run policy analysis and long run growth. ... Gerhard, and B. Ravikumar. 1992. Public versus private investment in human capital, endogenous growth and income inequality. Journal of Political Economy 100 (4): 818-34. Grossman, Gene M., and Elhanan...

Ngày tải lên: 23/12/2013, 06:17

... Jones, Manuelli, and Rossi (1993); Stokey and Rebelo (1995); and Turnovsky (1996). Endogenous growth models that address rent-seeking behavior include Pecorino (1992) and Grossman and Helpman (1991, ... endogenous growth models that examine the role of the public sector. See Barro (1990); King and Rebelo (1990); Rebelo (1991); Barro and Sala-I-Martin (1992); Glomm and Ravikumar (1992); Devereux and ... Manuelli, and Peter E. Rossi. 1993. Optimal taxation in a model of endogenous growth. Journal of Political Economy 101 (3): 485-517. King, Robert, and Sergio Rebelo. 1990. Public policy and economic growth: ...

Ngày tải lên: 16/01/2014, 16:34

... Venezuela Uganda Zambia Zimbabwe 14 Levine, R. 1999. “Law, Finance, and Economic Growth. ” Journal of Financial Intermediation 8(1–2): 8–35. ———. 2003. “More on Finance and Growth: More Finance, More Growth? ” ... in real GDP growth and the volatility in growth of real investment spending. For each series, we first construct a measure of unexpected growth by regressing GDP growth (investment growth) on ... Iyigun, and Owen (2002) find that GDP volatility and financial development are negatively related. Table 11. Response of Real GDP Growth and Real Capital Formation Growth to Banking and Collateral...

Ngày tải lên: 16/02/2014, 10:20

... liquidity and loan growth differed across the QEP and the non-QEP periods. For the QEP period, the results 5 This estimator was proposed by Arellano and Bover (1995) and Blundell and Bond ... banks’ loan growth and deposit growth (∆log(Loan i,t-1 ), ∆log(Loan i,t-2 )), as well as interaction terms between LR i,t-1 and either dummies for the QEP and non-QEP periods (D _QEP and D _NONQEP ) ... definitions. System GMM is estimated following Arellano and Bover (1995) and Blundell and Bond (1998). Lags 1 and 2 of loan growth variable and liquidity ratio are used as instruments. Hansen...

Ngày tải lên: 16/02/2014, 11:20

... much of growth is attributable to the accumulation of physical and human capital, and how much is the result of productivity growth, has been the subject of intense debates since the growth accounting’ ... corresponding TFP growth rate estimated over that period, and the third column is the other capital-deepening component of growth. The fourth and fifth columns indicate what percentage of growth is accounted ... from supply and demand theory might help. That theory implies that the quantity supplied must equal the quantity demanded. But this does not mean that supply causes demand, or that demand causes...

Ngày tải lên: 17/02/2014, 10:20

... 2003 Mexico Belgium Iceland France Sweden Switzerland Denmark Austria Norway United States Italy Portugal Spain Korea, Rep. of GermanyIreland Czech Rep. HungaryPoland Slovak Rep. Greece Finland Netherlands Canada Japan Australia 350 400 450 500 550 0 ... David Card, eds., Handbook of Labor Econom- ics. Amsterdam: Elsevier: 2943–84. Vandenbussche, Jérôme, Philippe Aghion, and Costas Meghir. 2006. Growth, Distance to Frontier and Composition of ... 9. Juhn, Murphy, and Pierce (1993). 10. Mankiw, Romer, and Weil (1992). 11. Lucas (1988); Romer 1990; Aghion and Howitt (1998). 12. Nelson and Phelps 1966; Benhabib and Spiegel (2005). ...

Ngày tải lên: 20/02/2014, 19:20

... Mike Fleming, Jim Moser, and Vance Roley for their comments, and to Mike Anderson for excellent research assistance. The views expressed here are soley those of the author, and not necessarily those ... interest rates, and a fall in bond prices; yet evidence for this view is elusive. Cook and Hahn (1989) documented a strong response in the 1970s, but regressions using data from the 1980s and 1990s ... change, ∆R i t α i β i 1 ∆˜r e t β i 2 ∆˜r u t ε i t (2) where R i again represents the yields on 3- 6- and 12-month bills, 2- 5- and 10-year notes, and 30-year bonds. The results appear in Table 3. Two main conclusions emerge...

Ngày tải lên: 06/03/2014, 02:21

... Carpenter and Guariglia (2003), Bond and Meghir (1994), Kaplan and Zingales (1997), Guariglia and Schiantarelli (1998), and Guariglia (2000) for a similar approach. 13 See Fisman and Love (2002) ... Money, Credit, and Banking, 34, pp. 226-253. Petersen, M. and R. Rajan (1997). ‘Trade credit: theories and evidence. ’ Review of Financial Studies 10, pp. 661-691. Rajan, R. and L. Zingales ... minerals, and mineral products; chemicals and man made fibres; mechanical engineering; electrical and instrument engineering; motor vehicles and parts, other transport equipment; food, drink, and...

Ngày tải lên: 06/03/2014, 08:20

... (i.e., both savings and credit) on income (Burgess and Pande, 2005, in India; Bruhn and Love, 2009, and Aportela, 1999, in Mexico; and Kaboski and Townsend, 2005, in Thailand). Our paper adds ... size and increases the size of the standard errors, but all the coefficients have the same magnitude and sign as they do in Tables 3 and 4, suggesting that the effects observed on investment and ... Bumala Town, and a small share of vendors and bicycle taxi drivers. 11 2.5 Experimental Design and Timeline Individuals in the sample frame were randomly divided into treatment and control groups, stratified...

Ngày tải lên: 06/03/2014, 10:20

... estimation is added to the between-country standard deviation of 28%. Similarly, the within-country standard deviation for growth is 2.4% and the between-country standard deviation is 1.7%. Thus, adding ... "nance and growth is not only due to growth in#uencing "nancial development; the strong positive relationship between "nancial intermediary development and long-run growth is at ... development is associated with growth. In that paper, we argue that the "nance -growth nexus runs primarily through total factor produc- tivity growth and not through savings and physical capital accumulation. Next,...

Ngày tải lên: 06/03/2014, 19:20

... Samuel E. and Alexander L. Wolman, (2011)”Housing and the Great Recession: a VAR accounting exercise,” Economic Quarterly, FRB Richmond, 97.1, pp. 45-66. 22 BORDO AND HAUBRICH (x = L), and the ... dollars. Source: Authors’ cal cu l ati ons based on Bordo and Haubrich (2010), Gordon and Krenn (2010) Balke and Gordon (1986), and NIPA ac counts. 32 BORDO AND HAUBRICH Table 8: Regressions of expansion ... bust and a decline in wealth and consumption. The FOMC didn’t forecast a re ce ss i on and was slow to respond because of tightness in the labor market (Hetzel 2008, page 241). Although real growth...

Ngày tải lên: 06/03/2014, 19:20

... 712 and OS 2026X. I am indebted to C. A. Anderson, Mary Jean Bowman, E. F. Denison, R. J. Gordon, and T. W. Schultz for comments and suggestions. 71 EDUCATION IN PRODUCTION FUNCTIONS AND GROWTH ... education to growth, the possible sources of the differential growth in the demand for educated versus uneducated labor, and the possible complementarities between the accumulation of physical and human ... in kroner; S.D. standard deviation; n number of cases. . EDUCATION IN PRODUCTION FUNCTIONS AND GROWTH ACCOUNTING 117 First, consider very briefly the standard neoclassical growth model without...

Ngày tải lên: 06/03/2014, 21:20

Ngày tải lên: 06/03/2014, 21:20

Ngày tải lên: 08/03/2014, 08:20