Showing 1 - 10 of 74
Increasing evidence support the claim that international trade enhances innovation and productivity growth through an … increase in competition. This paper develops a two-country endogenous growth model, with form speciffic R&D and a continuum of … growth by reducing domestic forms market power. …
Persistent link: https://www.econbiz.de/10010547102
growth may indeed induce economic fluctuations. To this purpose, it adds an adoption lag to an otherwise standard endogenous … growth and business fluctuations is not only theoretically possible but quantitatively relevant. Finally, the paper … quantitatively finds that a procyclical 10% subsidy rate halving consumption fluctuations will increase the growth rate from 2.4% to …
Persistent link: https://www.econbiz.de/10011019702
In this paper we present a new approach to measure the effect of infrastructures on firms’ location. We use fixed size rectangles around the roads as the unit of analysis instead of the traditional approach based on regions or municipalities. We apply this approach to Spain, which is an...
Persistent link: https://www.econbiz.de/10010851339
The identification of aggregate human capital externalities is still not fully understood. The existing (Mincerian) approach confounds positive externalities with wage changes due to a downward sloping demand curve for human capital. As a result, it yields positive externalities even when wages...
Persistent link: https://www.econbiz.de/10010547093
endogenous growth model where selection and imitation play a fundamental role in helping capital good producers to learn about … relevant for the embodied capital literature, among them the growth rate of the relative investment price, the model … size distribution. In line with the previous literature, it also predicts a contribution to productivity growth of embodied …
Persistent link: https://www.econbiz.de/10010851389
The use of debt to finance risky entrepreneurial-firm projects is rife with informational and contracting problems. Nonetheless, we document widespread lending to startups in three innovation-intensive sectors and in early stages of development. At odds with claims that the secondary patent...
Persistent link: https://www.econbiz.de/10010950598
This paper studies the impact of university‐industry collaboration on academic research output. We report findings from a unique longitudinal dataset on all the researchers in all the engineering departments of 40 major universities in the UK for the last 20 years. We introduce a new measure...
Persistent link: https://www.econbiz.de/10010692001
The nineteenth century was a time of substantial changes in the patterns of economic growth. This was also a period of … significant fluctuations in the structure of and allocation of political rights. Through successive franchise extensions … patterns of economic growth and political voice are not coincidental. In this paper we develop a general equilibrium model of …
Persistent link: https://www.econbiz.de/10010851332
We survey a number of papers that have focused on the construction of cross-country data sets on average years of schooling. We discuss the construction of the different series, compare their profiles and construct indicators of their information content. The discussion focuses on a sample of...
Persistent link: https://www.econbiz.de/10010851333
show that the two measures behave differently in standard growth regressions and argue that this is because the standard … model is a mis-specification in this context. Casualties appear to affect growth more in smaller populations. We argue that …
Persistent link: https://www.econbiz.de/10010851411