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Endogenous Innovation Spillovers and Technology Policy

Katsoulacos, Yannis; Ulph, David - C.E.P.R. Discussion Papers - 1996

We examine a model of R&D competition and cooperation in the presence of spillovers. Unlike virtually all the literature, however, we treat these spillovers as endogenous and under the control of firms. We show that it is then essential to make a number of distinctions that are ignored in the...

Persistent link: https://www.econbiz.de/10005136627

Complementarity, Growth and Trade

Honkapohja, Seppo; Turunen-Red, Arja - C.E.P.R. Discussion Papers - 1999

We consider an endogenous growth model that includes international trade in capital goods. The model yields several distinct balanced growth solutions that can be classified using stability under adaptive learning. Some of the equilibria can involve growth rates much higher (or lower) than...

Persistent link: https://www.econbiz.de/10005067638

The Impact of R&D Subsidies on the Introduction of New Products by Incumbent Firms

Siebert, Ralph - C.E.P.R. Discussion Papers - 2003

This Paper analyses the impact of R&D subsidies on incumbent firms to introduce new goods. We are especially interested in investigating various consequences of government subsidies for R&D, provided to firms that offer products of different qualities. This study examines the incentives of...

Persistent link: https://www.econbiz.de/10005504784

Subsidisation vs Information Provision as Instruments of Technology Policy

David, Paul; Stoneman, Paul - C.E.P.R. Discussion Papers - 1985

One of the aims of government policy has been to speed up the diffusion of new technologies. This aim has been pursued largely by policies aimed at improving information about the technology or by subsidising the purchase of new technology. In this paper we construct a simple diffusion model...

Persistent link: https://www.econbiz.de/10005281318

Learning and Dynamic Comparative Advantage: Lessons from Austria's Post-war Pattern of Growth for Eastern Europe

Marin, Dalia - C.E.P.R. Discussion Papers - 1995

This paper looks at Austria's pattern of development and its lessons for Eastern Europe. Austria's development path is characterized by three features. In the post-war era Austria was among the countries with the fastest convergence rate. At the same time Austria's movement up the technological...

Persistent link: https://www.econbiz.de/10005666891

What Explains the German Labor Market Miracle in the Great Recession?

Burda, Michael C; Hunt, Jennifer - C.E.P.R. Discussion Papers - 2011

Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment …

Persistent link: https://www.econbiz.de/10009246610

Does Firm Size Matter? Evidence on the Impacts of Liquidity Constraints on Firm Investment Behaviour in Germany

Audretsch, David B; Elston, Julie Ann - C.E.P.R. Discussion Papers - 1994

finance. Such liquidity constraints are found to exist in Germany only since the mid-1970s, however. Apparently the German …

Persistent link: https://www.econbiz.de/10005123842

Why Does the Yield Curve Predict Economic Activity? Dissecting the Evidence for Germany and the United States

Smets, Frank; Tsatsaronis, Kostas - C.E.P.R. Discussion Papers - 1997

This paper investigates why the slope of the yield curve predicts future economic activity in Germany and the United … spread in that country. However, the main reason for the stronger leading indicator property in Germany is the positive … at lag four in Germany and almost nothing in the United States. …

Persistent link: https://www.econbiz.de/10005123911

The Costs/Benefits of a Common Monetary Policy in France and Germany and Possible Lessons for Monetary Union

Melitz, Jacques; Weber, Axel A - C.E.P.R. Discussion Papers - 1996

In order to study the costs/benefits of a monetary union between Germany and France, we attempt to go beyond a mere …, Germany would lose from any French participation in the setting of domestic monetary policy. By contrast, however, France …

Persistent link: https://www.econbiz.de/10005123945

Winning the War, Losing the Peace? Britain's Post-War Recovery in a West German Mirror

Eichengreen, Barry; Ritschl, Albrecht - C.E.P.R. Discussion Papers - 1998

of why post-war Germany is more dynamic than Britain, we evaluate arguments stressing institutional change, catching …, in inter-temporal perspective the scope for catching up between Germany and Britain is unimpressive. We find growth and …

Persistent link: https://www.econbiz.de/10005124060