dunnettreader + investment-government   12

The Crypto-Keepers | Yasha Levine
It’s 7:30 p.m. on a Monday in June at an undisclosed location somewhere in northern Europe. I’m sitting in a private dining room in an upscale hotel, talking to…
Evernote  military-intel-industrial_complex  democracy_promotion  State_Dept  intelligence_agencies  social_media  cybersecurity  privacy  investment-government  R&D  propaganda  cryptography  free_speech  leaks  from instapaper
september 2017 by dunnettreader
Viktor Slavtchev and Simon Wiederhold: Does the Technological Content of Government Demand Matter for Private R&D? - via Brad DeLong
Must-Read: Viktor Slavtchev and Simon Wiederhold: Does the Technological Content of Government Demand Matter for Private R&D?: "Governments purchase everything from airplanes to zucchini... ...This paper investigates the role of the technological content of government procurement in innovation.... Theoreticall... a shift in the composition of public purchases toward high-tech products translates into higher economy-wide returns to innovation, leading to an increase in the aggregate level of private research and development (R&D). Collecting unique panel data on federal procurement in US states, we find that reshuffling procurement toward high-tech industries has an economically and statistically significant positive effect on private R&D, even after extensively controlling for other R&D determinants. Instrumental-variable estimations support a causal interpretation of our findings. -- link to pdf - didn't download
paper  investment-government  investment  R&D  government_spending  fiscal-military_state  technology  Innovation  innovation-government_policy 
july 2016 by dunnettreader
Dani Rodrik and Arvind Subramanian - Why Did Financial Globalization Disappoint? | IMF Staff Papers - Jan 2009
IMF Staff Papers (2009) 56, 112–138. doi:10.1057/imfsp.2008.29; published online 6 January 2009 -- The stylized fact that there is no correlation between long-run economic growth and financial globalization has spawned a recent literature that purports to provide newer evidence and arguments in favor of financial globalization. We review this literature and find it unconvincing. The underlying assumptions in this literature are that developing countries are savings-constrained; that access to foreign finance alleviates this to boost investment and long-run growth; and that insofar as there are problems with financial globalization, these can be remedied through deep institutional reforms. In contrast, we argue that developing economies are as or more likely to be investment- than savings-constrained and that the effect of foreign finance is often to aggravate this investment constraint by appreciating the real exchange rate and reducing profitability and investment opportunities in the traded goods sector, which have adverse long-run growth consequences. It is time for a new paradigm on financial globalization, and one that recognizes that more is not necessarily better. Depending on context and country, the appropriate role of policy will be as often to stem the tide of capital inflows as to encourage them. Policymakers who view their challenges exclusively from the latter perspective risk getting it badly wrong. - downloaded pdf to Note
paper  downloaded  IMF  international_political_economy  international_finance  global_economy  emerging_markets  LDCs  capital_flows  investment  investment-government  development  economic_growth  economic_policy  economic_reform  access_to_finance  capital_controls  FX-misalignment  FX-rate_management  economic_theory  macroeconomics  international_economics  financial_economics  financial_sector_development 
may 2016 by dunnettreader
Noah Smith - The Next Big Idea in Economic Growth - Bloomberg Feb 2016
neoliberalism is fundamentally an old idea. We’ve been trying to boost economic freedom for decades now, and there’s a good possibility that all the low-hanging fruit has been picked. So what else is there? Looking around, I see the glimmer of a new idea forming. I’m tentatively calling it “New Industrialism.” Its sources are varied -- they include liberal think tanks, Silicon Valley thought leaders and various economists. But the central idea is to reform the financial system and government policy to boost business investment. Business investment -- buying equipment, building buildings, training employees, doing research, etc. -- is key to growth. It’s also the most volatile component of the economy, meaning that when investment booms, everything is good. The problem is that we have very little idea of how to get businesses to invest more. Unfortunately, net U.S. business investment has been more or less in decline for decades:
Pocket  US_economy  US_politics  economic_growth  economic_policy  economy-structure  investment  investment-government  from pocket
february 2016 by dunnettreader
Larry Summers - No free lunches but plenty of cheap ones - Feb 2016
February 7, 2016 Trade-offs have long been at the center of economics. The aphorism “there is no such thing as a free lunch” captures a central economic idea:…
Instapaper  US_economy  US_government  Summers  stagnation  demand-side  economic_growth  Great_Recession  investment-government  government_finance  interest_rates  from instapaper
february 2016 by dunnettreader
Mike Konczal, J.W. Mason, Amanda Page-Hoongrajok - Ending Short-Termism: An Investment Agenda for Growth - Roosevelt Institute - Nov 2015
The first part of this agenda will directly counter several of the specific trends known to increase short-termism. It will include ideas that are broadly applicable across industries, such as policies to address skyrocketing CEO pay, as well as more targeted solutions. A policy agenda to address corporate short-termism requires a comprehensive approach focused on building countervailing power, which is addressed in the second part of our proposal. The forces that push firms toward shorttermism will persist and find new ways to exert power, but the reforms outlined in this paper embrace wide-scale, long-term changes, such as granting workers power on boards, designed to attract long-term stakeholders. The agenda also includes practical, simple policy changes for regulators.The third part of our agenda contains solutions that point to a new role for the state. Taxes and full employment are two obvious and necessary ways of checking short-termism, and if companies are less interested in investment, government needs to fill in that gap, whether by providing high-speed cable or funding basic research. -- downloaded pdf to Note
US_economy  investment  investors  capital_markets  corporate_finance  corporate_governance  shareholder_value  shareholders  short-termism  financial_system  equity_markets  capital_formation  capital_allocation  executive_compensation  debt  buybacks  tax_policy  Labor_markets  labor_share  unions  investment-government  downloaded 
november 2015 by dunnettreader
Gill A. Pratt - Is a Cambrian Explosion Coming for Robotics? (2015) | AEAweb: Journal of Economic Perspectives, 29(3): 51-60.
Affiliation DARPA - About half a billion years ago, life on earth experienced a short period of very rapid diversification called the "Cambrian Explosion." Many theories have been proposed for the cause of the Cambrian Explosion, one of the most provocative being the evolution of vision, allowing animals to dramatically increase their ability to hunt and find mates. Today, technological developments on several fronts are fomenting a similar explosion in the diversification and applicability of robotics. Many of the base hardware technologies on which robots depend—particularly computing, data storage, and communications—have been improving at exponential growth rates. Two newly blossoming technologies—"Cloud Robotics" and "Deep Learning"—could leverage these base technologies in a virtuous cycle of explosive growth. I examine some key technologies contributing to the present excitement in the robotics field. As with other technological developments, there has been a significant uptick in concerns about the societal implication of robotics and artificial intelligence. Thus, I offer some thoughts about how robotics may affect the economy and some ways to address potential difficulties. -- downloaded pdf to Note
article  technology  technology-adoption  tech-mobile_phones  Tech/Culture  robotics  Labor_markets  labor_standards  labor_law  wages  social_process  change-economic  change-social  government-roles  military-industrial_complex  DARPA  investment-government  AI  IT  cloud  telecommunications  downloaded 
september 2015 by dunnettreader

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