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作者：Furman, Jeffrey L.; Stern, Scott
作者单位：Boston University; National Bureau of Economic Research; Massachusetts Institute of Technology (MIT)
摘要：While cumulative knowledge production is central to growth, little empirical research investigates how institutions shape whether existing knowledge can be exploited to create new knowledge. This paper assesses the impact of a specific institution, a biological resource center, whose objective is to certify and disseminate knowledge. We disentangle the marginal impact of this institution on cumulative research from the impact of selection, in which the most important discoveries are endogenous...
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作者：Goulder, Lawrence H.; Stavins, Robert N.
作者单位：Stanford University; Harvard University
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作者：Acemoglu, Daron; Cantoni, Davide; Johnson, Simon; Robinson, James A.
作者单位：Massachusetts Institute of Technology (MIT); University of Munich; Massachusetts Institute of Technology (MIT); Harvard University; Harvard University; National Bureau of Economic Research
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作者：Baillon, Aurelien; L'Haridon, Olivier; Placido, Laetitia
作者单位：Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Sorbonne Universite; Universite de Bretagne Occidentale; Hautes Etudes Commerciales (HEC) Paris; Centre National de la Recherche Scientifique (CNRS)
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作者：Lang, Kevin; Manove, Michael
作者单位：Boston University
摘要：Using a model of statistical discrimination and educational sorting, we explain why blacks get more education than whites of similar cognitive ability, and we explore how the Armed Forces Qualification Test (AFQT), wages, and education are related. The model suggests that one should control for both AFQT and education when comparing the earnings of blacks and whites, in which case a substantial black-white wage differential emerges. We reject the hypothesis that differences in school quality b...
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作者：Dal Bo, Pedro; Frechette, Guillaume R.
作者单位：Brown University; New York University
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作者：Ashraf, Quamrul; Galor, Oded
作者单位：Williams College; Brown University
摘要：This paper examines the central hypothesis of the influential Malthusian theory, according to which improvements in the technological environment during the preindustrial era had generated only temporary gains in income per capita, eventually leading to a larger, but not significantly richer, population. Exploiting exogenous sources of cross-country variations in land productivity and the level of technological advancement, the analysis demonstrates that, in accordance with the theory, technol...
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作者：Benigno, Pierpaolo; Ricci, Luca Antonio
作者单位：Luiss Guido Carli University; International Monetary Fund
摘要：The macroeconomic implications of downward nominal wage rigidities are analyzed via a dynamic stochastic general equilibrium model featuring aggregate and idiosyncratic shocks. A closed-form solution for a long-run Phillips curve relates average output gap to average wage inflation: it is virtually vertical at high inflation and flattens at low inflation. Macroeconomic volatility shifts the curve outwards and reduces output. The results imply that stabilization policies play an important role,...
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作者：Crump, Richard; Goda, Gopi Shah; Mumford, Kevin J.
作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York; Stanford University; Purdue University System; Purdue University
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作者：Lewis, Gregory
作者单位：Harvard University
