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Convergence in per capita income across countries turns on whether technological knowledge spillovers are global or … industrialized countries on a geographic basis. A new data set is used which encompasses most of the world's innovative activity at …
Persistent link: https://www.econbiz.de/10005124371
factors in the world makes worldwide factor price equalization impossible, and leads countries to group in two diversification … countries. Moreover, it does not necessarily yield convergence in levels for identically parameterized economies. All in all …
Persistent link: https://www.econbiz.de/10005504435
The theoretical literature on endogenous growth and international trade suggests that comparative advantage is endogenous. Sector-specific learning by doing and technology transfer respectively provide reasons why initial patterns of international specialization may persist or exhibit mobility...
Persistent link: https://www.econbiz.de/10005067579
This Paper presents firm level evidence on the dynamics of non-manual wage premia and employment shares in Italian manufacturing during the nineties. We find that the relative stability of aggregate wage premia and employment shares hides offsetting disaggregate forces. First, while technical...
Persistent link: https://www.econbiz.de/10005504296
We study the effect of 'globalization' on wage inequality. Our 'global' economy resembles Rosen's (1981) 'Superstars …
Persistent link: https://www.econbiz.de/10005792108
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the US over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained. Finally,...
Persistent link: https://www.econbiz.de/10005792213
, it is possible to identify a variety of channels through which trade affects the evolution of world income and its …
Persistent link: https://www.econbiz.de/10005666914
We model technological and financial innovation as reflecting the decisions of profit maximizing agents and explore the implications for economic growth. We start with a Schumpeterian endogenous growth model where entrepreneurs earn monopoly profits by inventing better goods and financiers arise...
Persistent link: https://www.econbiz.de/10008528522
Industrialization allowed the industrialized world of today to escape from a regime characterized by low economic and …
Persistent link: https://www.econbiz.de/10005791731
Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global … spillovers favour convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of …&D expenditures in the world's seven major industrialized countries between 1970 and 1995. First, I find that the scope of technology …
Persistent link: https://www.econbiz.de/10005497902