presse@iwh-halle.de
Pills or puts?
Shuo Xia
Financial Times, February 2, 2024
Focusing on both micro and aggregate U.S. data, we document the existence of a significant link between aggregate uncertainty, capital market valuations and reallocation of resources away from risky R&D-intensive capital.
We provide an answer to why growth may slow even in the face of technological improvements. Our focus is on the role of intangible assets. Intangible assets are distinct from physical capital in that they are comprised by information that requires a storage medium.
The Halle Forum on Urban Economic Growth established in 2006 has the aim to bring together original economic and interdisciplinary papers that cast some light on new developments in theoretical and empirical research on economic growth and development in urban environments. The Forum should also give PhD students an opportunity for presenting and discussing their research results.
Cities all over the world have a very prominent function for generating creativity and economic growth. The institutional conditions for this function differ a lot between nations, not least between Russia and Germany. The Workshop shall promote the exchange of research results on the impact of these differences on the local economy. The main focus is laid on the urban system in Russia.
The Halle Forum on Urban Economic Growth - established in 2006 - aims at bringing together original economic and interdisciplinary papers that cast some light on new developments in theoretical and empirical research on economic growth and development in urban environments.
Am 21. und 22. Juni 2018 fand in Halle die vom IWH organisierte Jahreskonferenz des Competitiveness Research Network (CompNet) statt. Nahezu 100 Wissenschaftler und Wissenschftlerinnen sowie Entscheidungsträger und Entscheidungsträgerinnen internationaler Universitäten und Organisationen diskutierten im Festsaal der Nationalen Akademie der Wissenschaften Leopoldina neue Forschungsergebnisse zum Thema „Produktivität und Fehlallokation auf mikroökonomischer Ebene“. Insbesondere ging es um die Gründe einer suboptimalen Faktorallokation bei einzelnen Firmen und die dadurch im Aggregat verursachten Wohlfahrtsverluste.
We show that in the overlapping generations model, global financial integration may lead to higher levels of public debt by externalizing its crowding-out effect.