We analyze the influence of endogenous competitiveness on multinational activity. Competitiveness is endogenized by assuming that firms differ on R&D commitment power, i.e.: some firms are leaders in R&D. We show that ...

The present paper seeks to investigate the importance of financial instability during four banking crises, with focus on the small open economy of Norway. The crises elaborated on are the Post First world war crisis of the ...

In spite of the large and growing literature on producer heterogeneity and firm exit behavior, little attention has been paid to the vintage capital theory of firm exits as an alternative hypothesis to learning/selection. ...

Recent literature on tax administration in poor countries suggests there are virtues of allowing fiscal corruption. By strengthening the bargaining power of corrupt tax officers, it is argued that tax evasion may be ...

This paper considers a stylized model where a donor and a recipient government derive utility from a public good (for example consumption among the poor or defense capacity in the recipient country), in addition to a ...

Foreign direct investment is often considered an important source of knowledge spillovers. However, results from the empirical literature relating overall foreign presence to host country productivity are ambiguous. We ...

We study paternalistic preferences in two large-scale experiments with participants from the general population in the United States. Spectators decide whether to intervene to prevent a stakeholder, who is mistaken about ...

We analyze the role of electricity storage for technological innovations in electricity generation. We propose a directed technological change model of the electricity sector, where innovative firms develop better ...

This paper analyzes the effects of institutions on economic development, and focuses on separating political institutions from contracting and economic institutions. For a sample of former European colonies, I find that ...