Similar Search Results

Rethinking the Effects of Financial Liberalization

Broner, Fernando; Ventura, Jaume - Barcelona Graduate School of Economics (Barcelona GSE) - 2010

During the last few decades, many emerging markets have lifted restrictions on cross-border financial transactions. The conventional view was that this would allow these countries to: (i) receive capital in flows from advanced countries that would finance higher investment and growth; (ii)...

Persistent link: https://www.econbiz.de/10010851384

Offshoring and Directed Technical Change

Acemoglu, Daron; Gancia, Gino; Zilibotti, Fabrizio - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

We study the short- and long-run implications of offshoring on innovation, technology adoption, wage and income …-abundant West to a skill-scarce East. Profit maximization determines both the extent of offshoring and technological progress …. offshoring induces technical change with an ambiguous factor bias. When the initial level of offshoring is low, an increase in …

Persistent link: https://www.econbiz.de/10010950605

Horizontal Innovation in the Theory of Growth and Development

Gancia, Gino; Zilibotti, Fabrizio - Barcelona Graduate School of Economics (Barcelona GSE) - 2005

We analyze recent contributions to growth theory based on the model of expanding variety of Romer (1990). In the first part, we present different versions of the benchmark linear model with imperfect competition. These include the "lab equipment" model, "labor-for-intermediates" and "directed...

Persistent link: https://www.econbiz.de/10010547273