Showing 1 - 10 of 54,214
Externalities play a central role in most theories of economic growth. We argue that international externalities, in particular, are essential for explaining a number of empirical regularities about growth and development. Foremost among these is that many countries appear to share a common long...
Persistent link: https://www.econbiz.de/10014023776
This working paper provides a granular overview of investments into low-carbon infrastructure, both in the real economy … and financial market. The descriptive analysis shows that there is room to scale up cross-border infrastructure investment … shifting infrastructure investments, that currently flow into the financial economy, to the real economy and by incentivising …
Persistent link: https://www.econbiz.de/10014568112
Persistent link: https://www.econbiz.de/10012416339
Persistent link: https://www.econbiz.de/10011607070
"This book highlights different aspects of economic infrastructure and their associated impact upon economic growth … across countries and regions. It also delves into the issues related to foreign direct investment, financial infrastructure …
Persistent link: https://www.econbiz.de/10012308293
We construct a dynamic general equilibrium model of foreign direct investment (FDI) and foreign technology adoption, incorporating adoption barriers, international technology spillover, and relative price advantages. A higher FDI conversion efficacy, a lower adoption barrier, or a stronger...
Persistent link: https://www.econbiz.de/10014250176
Persistent link: https://www.econbiz.de/10013174410
Persistent link: https://www.econbiz.de/10012204707
Can stock market bubbles accelerate long term growth? Do such bubbles indicate irrational behavior? This paper studies the effect of innovation uncertainty on the concomitant time path of firm valuations, technology adoption and growth in a setting that incorporates positive network...
Persistent link: https://www.econbiz.de/10003475661
The transition from stagnation to growth and the associated phenomenon of the great divergence have been the subject of an intensive research in the growth literature in recent years. The discrepancy between the predictions of exogenous and endogenous growth models and the process of development...
Persistent link: https://www.econbiz.de/10014023783