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Articles 1 - 5 of 5
Full-Text Articles in Economics
Ored Quarterly Newsletter, Sadiq Shah
Ored Quarterly Newsletter, Sadiq Shah
ORED Quarterly Newsletter
Connecting Knowledge with Businesses and Society to Promote Economic Growth and to Enhance the Quality of Life
The Effect Of Political Regimes And Technology On Economic Growth, Kirsten Wandschneider, Khurram Jamali, Phanindra Wunnava
The Effect Of Political Regimes And Technology On Economic Growth, Kirsten Wandschneider, Khurram Jamali, Phanindra Wunnava
Kirsten Wandschneider
Do political regimes have a significant effect on economic growth? This study builds on the new neoclassical growth model to identify economic determinants of growth, and explicitly tests for the influence of political variables on economic performance for the 1990s. The results suggest that democracies and bureaucracies significantly outperform autocracies. Economic growth is also promoted by increased protection of property rights, and higher investment in education. Moreover, technology has become a requirement for efficient production, and hence, is crucial in promoting growth. Countries can therefore increase the level of economic growth by increasing the levels of education and technology in …
Creative Destruction In The Pharmaceutical Industry, Darshak Patel
Creative Destruction In The Pharmaceutical Industry, Darshak Patel
Economics Theses
Pharmaceutical firms usually patent any new innovation in terms of the chemicals they use. These innovations are then developed in to drugs which are marketed once approved by FDA. These patents have made and receive citations. Citations made by patents granted today are backward citations and citations a patent will receive in the future are forward citations. This research shows that these patent citations on have a positive effect on market value of Pharmaceutical firms related to the patent. Backward citations do not destroy company rents. In fact, backward citations, illustrate the importance of the cited patent. Multiple citations imply …
The Market Return To Pharmaceutical Product Approval, Imtiaz Ahmed
The Market Return To Pharmaceutical Product Approval, Imtiaz Ahmed
Economics Theses
Does the public announcement of approval of New Drugs affect the market valuation of the sponsoring pharmaceutical company? This study will try to find out the technically and intuitively acceptable answer of this question using event study methodology. Relatively smaller number of previous studies on this issue found the mixed answers of this question using well-tested methodology of event study. Basing on the notion that the Efficient Market Hypothesis (EMH) is in effect in the pharmaceutical industry, stock and securities market should ideally react quickly (i.e., efficiently) in response to the public announcement of approval of new drug by the …
Peer Effects In Sports: Evidence From Ncaa Relay Teams, Lisa Elin Haglund
Peer Effects In Sports: Evidence From Ncaa Relay Teams, Lisa Elin Haglund
Economics Theses
This paper investigates whether disparity in team member quality impacts team production using NCAA 4x400m relay teams. As a measure of quality I use the team member's individual rankings. The net peer effects are estimated on a team level rather than on an individual level, and are found to have both an absolute and relative negative effect on the team performance. This paper is differentiated from the existing literature by using a direct measure of quality compared to other indirect measures of worker quality such as wages. The evidence provided herein shows that a greater disparity in team member quality …