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Inter-firm complementarities in R&D: a re-examination of the relative performance of joint ventures (2001)
Journal Article
Anbarci, N., Lemke, R., & Roy, S. (2002). Inter-firm complementarities in R&D: a re-examination of the relative performance of joint ventures. International Journal of Industrial Organization, 20(2), 191-213. https://doi.org/10.1016/s0167-7187%2800%2900081-3

We compare duopoly outcomes between two alternative modes of research and development (R&D), viz. independent R&D and non-cooperative research joint ventures (RJVs), when there are complementarities between firm-specific R&D resources. When complemen... Read More about Inter-firm complementarities in R&D: a re-examination of the relative performance of joint ventures.

Economic development, institutional change, and the political economy of agricultural protection An econometric study of Belgium since the 19th century. (2001)
Journal Article
Swinnen, J., Banerjee, A., & de Gorter, H. (2001). Economic development, institutional change, and the political economy of agricultural protection An econometric study of Belgium since the 19th century. Agricultural Economics, 26(1), 25-43. https://doi.org/10.1111/j.1574-0862.2001.tb00052.x

This empirical study uses 100 years of annual data on 11 agricultural commodities from Belgium to measure the impact of structural changes coinciding with economic development and changes in political institutions on agricultural protection. The anal... Read More about Economic development, institutional change, and the political economy of agricultural protection An econometric study of Belgium since the 19th century..

A re-examination of the excess smoothness puzzle when consumers estimate the income process (2001)
Journal Article
Banerjee, A., & Basu, P. (2001). A re-examination of the excess smoothness puzzle when consumers estimate the income process. Journal of Forecasting, 20(5), 357-366. https://doi.org/10.1002/for.796

The excess smoothness puzzle is explored using a simple version of the permanent income hypothesis. The new feature is that consumers do not know the observed data-generating process for income. Instead they estimate the income process every period u... Read More about A re-examination of the excess smoothness puzzle when consumers estimate the income process.

Redistributive Tax and Growth in a Model with Discrete Occupational Choice (2001)
Journal Article
Bandyopadhyay, D., & Basu, P. (2001). Redistributive Tax and Growth in a Model with Discrete Occupational Choice. Australian Economic Papers, 40(2), 111-132. https://doi.org/10.1111/1467-8454.00116

An optimal redistributive tax-subsidy formula is derived for a growth model where income inequality is endogenously driven by an adult's choice of occupation between work and management. Investment in human capital is the engine of growth. The world'... Read More about Redistributive Tax and Growth in a Model with Discrete Occupational Choice.

Sensitivity of univariate AR(1) time-series forecasts near the unit root (2001)
Journal Article
Banerjee, A. (2001). Sensitivity of univariate AR(1) time-series forecasts near the unit root. Journal of Forecasting, 20(3), 203-229. https://doi.org/10.1002/1099-131x%28200104%2920%3A3%3C203%3A%3Aaid-for766%3E3.0.co%3B2-d

We consider the linear time-series model yt=dt+ut(t=1,...,n), where dt is the deterministic trend and ut the stochastic term which follows an AR(1) process; ut=ut-1+t, with normal innovations t. Various assumptions about the start-up will be made. Ou... Read More about Sensitivity of univariate AR(1) time-series forecasts near the unit root.