Who Creates Value?

How Business Intelligence Creates Value

Assessing IT business value has long been recognized as a major challenge, stemming largely from the considerable variability in the role and contribution of IT. This study examines the business value associated with business intelligence (BI) systems, suggesting that business value assessment is largely contingent on system type and should consider its unique contribution. The study adopts a p...

Who Creates Stable Jobs? Evidence from Brazil

A popular perception of the US economy is that small businesses create most of the private sector jobs. However, recent work showed that firm age is a more important determinant of job creation than firm size (Haltiwanger, Jarmin, & Miranda, 2013). The authors show that young firms and start-ups contribute more to job creation in the US economy than do small firms. However, young firms and star...

Who or What Creates? A Conceptual Framework for Social Creativity

Who Creates the Housing Bubble? An Agent-Based Study

This paper develops an agent-based spatial model of the housing market. Real estate is many families’ single biggest asset. It is also widely held by financial institutions, in the form of mortgage based securities. As a result, avoiding extreme housing price volatility is crucial for maintaining financial stability of the nation. The housing market is very unique: it is thin, highly regulated,...

Who Creates Political Business Cycles? (Should Central Banks Be Blamed?)

Little attention has been paid in most economic studies on political business cycles to separate the effects of fiscal and monetary policy. We attempt to assess the effect of monetary policy in a panel model for 14 OECD countries. To answer the question of whether central banks actively create political business cycles we focus on the short-term interest rate as a proxy for the use of monetary ...