Showing 1 - 10 of 311
This Paper studies the welfare implications of the location decisions of innovative newcomers that, though spinning off an industrial district, may choose whether to locate inside or outside its borders. Even if this choice has always been relevant, globalization has turned the issue, whether to...
Persistent link: https://www.econbiz.de/10005662351
What is the impact of movement towards free trade on output? Can this impact permanently affect output levels, and more importantly, will it have an impact on steady-state growth rates? This paper provides empirical evidence showing how countries have exhibited substantial increases in their...
Persistent link: https://www.econbiz.de/10005666425
This paper studies cross-country patterns of economic growth from the viewpoint of income distribution dynamics. Such a perspective raises new empirical and theoretical issues in growth analysis: the profound empirical regularity is an ‘emerging twin peaks’ in the cross-sectional...
Persistent link: https://www.econbiz.de/10005792305
The controversy over the appropriate partitioning of East Asian growth into accumulation versus technical change has overlooked a fundamental indeterminacy in measurement. As a result, we cannot rule out the possibility that East Asia has in fact experienced a tremendous amount of technological...
Persistent link: https://www.econbiz.de/10005124261
This paper constructs a model of endogenous growth and endogenous industry location where the two interact. We show that with global spillovers in R&D, a high growth rate and a high level of transaction costs are associated with relocation of the newly created firms to the South (the location...
Persistent link: https://www.econbiz.de/10005661676
This paper emphasizes the relevance of classical transition dynamics for trade policy, particularly for developing countries. The empirical evidence from cross-country growth regressions points to important transitional growth effects related to trade policy reforms. The paper employs a simple...
Persistent link: https://www.econbiz.de/10005124093
Many technologies used by the LDCs are developed in the OECD economies and are designed to make optimal use of the skills of these richer countries' workforces. Differences in the supply of skills create a mismatch between the requirements of these technologies and the skills of LDC workers, and...
Persistent link: https://www.econbiz.de/10005114308
We construct a simple model where political elites may block technological and institutional development, because of a … replaced. Fearing replacement, political elites are unwilling to initiate change, and may even block economic development. We … show that elites are unlikely to block development when there is a high degree of political competition, or when they are …
Persistent link: https://www.econbiz.de/10005124137
Interactions between economic development and financial development are studied by looking at the roles of financial … institutions in selecting R&D projects (including both imitation and innovation). Financial development is regarded as the … development stages of an economy. At higher development stages a financing regime with ex post selection capacity is more …
Persistent link: https://www.econbiz.de/10005124401
Economies at early stages of development are often shaken by abrupt changes in growth rates, whereas in advanced … the development process. We quantitatively asses the predictions of the model in light of the empirical evidence and find … that for reasonable parameter values, the model can generate a decline in volatility with the level of development …
Persistent link: https://www.econbiz.de/10005114495