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Mapping prices into productivity in multisector growth models

Ngai, Liwa Rachel; Samaniego, Roberto - C.E.P.R. Discussion Papers - 2009

find that about 60% of economic growth can be attributed to investment-specific technical change (ISTC). When we …

Persistent link: https://www.econbiz.de/10005025514

Aghion, Philippe; Dewatripont, Mathias; Du, Liqun; … - C.E.P.R. Discussion Papers - 2011

The economic slowdown in the 70s in Latin America and Japan in the late 90s, generated a growing skepticism about the role of industrial policy in the process of economic development. Yet, new considerations have emerged over the recent period, which invite us to revisit the issue. This paper...

Persistent link: https://www.econbiz.de/10009359485

The Environment and Directed Technical Change

Acemoglu, Daron; Aghion, Philippe; Bursztyn, Leonardo; … - C.E.P.R. Discussion Papers - 2011

This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation. Research can be directed...

Persistent link: https://www.econbiz.de/10009365645

To Be Financed or Not… - The Role of Patents for Venture Capital Financing

Haeussler, Carolin; Harhoff, Dietmar; Mueller, Elisabeth - C.E.P.R. Discussion Papers - 2009

This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncertainty and therefore rely on patents as signals when trying to assess the prospects of...

Persistent link: https://www.econbiz.de/10005662179

Welfare Effects of Intellectual Property in a North-South Model of Endogenous Growth with Comparative Advantage

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2004

This Paper develops a model for analysing the costs and benefits of intellectual property enforcement in LDCs. The North is more productive than the South and is the only source of innovator. There are two types of goods, and each bloc has a comparative advantage in producing a specific type of...

Persistent link: https://www.econbiz.de/10005662238

The District and the Global Economy: Exporting versus Foreign Location

Basevi, Giorgio; Ottaviano, Gianmarco - C.E.P.R. Discussion Papers - 2001

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

Technology and Economic Performance in the American Economy

Gordon, Robert J - C.E.P.R. Discussion Papers - 2002

rate, but inflation was also held down by a substantial decline in real non-oil import prices, by low energy prices through … tradition of patent and securities regulation, the leading worldwide position of US business schools and US-owned investment … was the result of a doubling in the growth rate of computer investment after 1995 that could not continue forever. The web …

Persistent link: https://www.econbiz.de/10005666412

Free Trade and Long-Run Growth

Ben-David, Dan; Loewy, Michael B - C.E.P.R. Discussion Papers - 1995

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

Labour Mobility and Fiscal Coordination: Setting Growth Agenda for an Economic Union

Razin, Assaf; Yuen, Chi-Wa - C.E.P.R. Discussion Papers - 1996

Using a human-capital-based growth model, we show the essential role of labour mobility and cross-country tax harmonization in equalizing income levels of countries that start off from different initial income positions. Knowledge spillovers cum labour mobility are the driving forces behind the...

Persistent link: https://www.econbiz.de/10005666441

Human Capital In Growth Regressions: How Much Difference Does Data Quality Make?

de la Fuente, Angel; Doménech, Rafael - C.E.P.R. Discussion Papers - 2000

the (lack of) relationship between educational investment and growth. Using our preferred empirical specification, we also …

Persistent link: https://www.econbiz.de/10005666682

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