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作者：Fadinger, Harald; Reiss, Pablo
作者单位：University of Vienna
摘要：Cross-country differences in sectoral total factor productivity (TFP) are at the heart of Ricardian trade theory and of many models of growth and development. Our knowledge of the magnitude and the characteristics Of cross-country differences in sectoral TFP is limited. This study fills the gap by showing how sectoral TFP differences can be backed out from bilateral trade data using a hybrid Ricardo-Heckscher-Ohlin model. This allows us to overcome the data problems that constrained previous s...
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作者：Bidner, Chris; Francois, Patrick
作者单位：University of New South Wales Sydney; University of British Columbia; Canadian Institute for Advanced Research (CIFAR)
摘要：We study the co-evolution of honesty norms and institutions. New trading opportunities require institutional changes to be realised, since the initial vulnerability of institutions to opportunistic behaviour leads to the deterioration of norms. We show how an escape from opportunism requires that institutional improvements outpace norm deterioration. A key prediction emerges: larger economies are more likely to evolve to steady states with strong honesty norms but need not have better institut...
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作者：Kilian, Lutz; Lewis, Logan T.
作者单位：University of Michigan System; University of Michigan; University of Michigan System; University of Michigan; Center for Economic & Policy Research (CEPR)
摘要：A common view in the literature is that systematic monetary policy responses to the inflation caused by oil price shocks have been an important source of aggregate fluctuations in the US economy. Earlier empirical evidence in support of such a link was based on inappropriate econometric models. We show that there is no credible evidence that monetary policy responses to oil price shocks caused large aggregate fluctuations in the 1970s and 1980s or more recently. Our analysis suggests that the ...
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作者：Barone, Guglielmo; Cingano, Federico
作者单位：European Central Bank; Bank of Italy
摘要：We study the effects of anti-competitive service regulation by examining whether OECD countries with less anti-competitive regulation see better economic performance in manufacturing industries that use less-regulated services more intensively. Our results indicate that lower service regulation increases value added, productivity and export growth in downstream service-intensive industries. The regulation of professional services and energy provision has particularly strong negative growth eff...
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作者：Healy, Andrew; Pate, Jennifer
作者单位：Loyola Marymount University
摘要：We investigate the effect that competing in teams has on gender differences in choosing to enter competitions. In our experiment, subjects chose whether to compete based on the combined performance of themselves and a teammate. We find that competing in two-person teams reduces the gender competition gap by two-thirds. Independent of the sex of one's partner, female subjects prefer to compete in teams whereas male subjects prefer to compete as individuals. We find that this result is driven pr...
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作者：Duranton, Gilles; Gobillon, Laurent; Overman, Henry G.
作者单位：University of London; London School Economics & Political Science; University of Toronto
摘要：We study the impact of local taxation on the location and growth of firms. Our empirical methodology pairs establishments across jurisdictional boundaries to estimate the impact of taxation. Our approach improves on existing work as it corrects for unobserved establishment heterogeneity, for unobserved time-varying site-specific effects and for the endogeneity of local taxation. Applied to data for English manufacturing establishments, we find that local taxation has a negative impact on emplo...
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作者：Buffie, Edward F.; Alolia, Manoj
作者单位：Indiana University System; Indiana University Bloomington; State University System of Florida; Florida State University
摘要：In this article we show that a model featuring durable consumer goods, imperfect substitution between domestic and foreign assets, and weak credibility can explain the qualitative and quantitative aspects of the stylised facts associated with exchange-rate-based stabilisation, including the tremendous increase in real interest rates. Following a temporary reduction in the crawl, total consumption spending rises 14-26%, the real exchange rate appreciates 20-37% and the current account deficit s...
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作者：Branstetter, Lee; Saggi, Kamal
作者单位：Vanderbilt University; Carnegie Mellon University; Columbia University; Harvard University
摘要：This article develops a North South product cycle model in which innovation, imitation and the flow of foreign direct investment (FDI) are all endogenously determined. In the model, a strengthening of intellectual property right (IPR) protection in the South reduces the rate of imitation and it increases the flow of FDI. Indeed, the increase in FDI more than offsets the decline in the extent of production undertaken by Southern imitators so that the South's share of the global basket of goods ...
