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This paper investigates the relationship between private and public investment in R&D, while taking into account the effect of several instruments policies such as subsidies and taxes. We design a new look of knowledge spillovers and R&D cooperation to explain the contribution of public and...
Persistent link: https://www.econbiz.de/10008791563
This article uses the European Patent Office Worldwide Patent Statistical Database to examine the geographic distribution and global diffusion of inventions in thirteen climate-mitigation technologies since 1978. The data suggest that until 1990 innovation was driven mostly by energy prices....
Persistent link: https://www.econbiz.de/10008792117
The purpose of this paper is to formalize the choices of market entry strategy (Export Vs Greenfield investment Vs Cross … export credible threats. If greenfield FDI is viable, entering firm prefers acquiring the low-productivity firm, when the …, there is always the ambiguity between the foreign firm's preference and the government's judgment. If export entry option is …
Persistent link: https://www.econbiz.de/10010899386
Multinational and exporting firms play a key role in trade patterns. To highlight the importance of intra-firm trade in share of world trade, this paper develops a model of trade and intra-firm trade with heterogeneous firms. In this set up, trade costs apply to both exports and multinational...
Persistent link: https://www.econbiz.de/10010899726
Venezuela, for the period 1951-2011. By relying on cointegration techniques and applying Bernard and Durlauf's (1995) stochastic …
Persistent link: https://www.econbiz.de/10010933150
We analyze, in a unified theoretical framework, the two main models for equilibrium exchange rate, namely, the BEER and the FEER approaches. In order to understand the interactions between them, we study in detail the temporal links between these two measures. Our results show that, in average,...
Persistent link: https://www.econbiz.de/10009645460
The aim of this paper is to study the performance of residual-based tests for cointegration in the presence of multiple … Westerlund and Edgerton (2007). This exercise allow us to cover a wide set of single-equation cointegration estimators. Monte …
Persistent link: https://www.econbiz.de/10010738963
cointegrated VAR (CVAR) framework. Using the Johansen cointegration procedure, results indicate the existence of one cointegrating …
Persistent link: https://www.econbiz.de/10010821130
classical co-integration methods and causality tests are based on OLS regresses. However the linear functional specification is …, significantly, have a better ability to identify long run co-integration and causal relationships than ordinary linear ones …
Persistent link: https://www.econbiz.de/10009151635
exchange rate, expressed in real terms. To this end, weproceed to a cointegration and causality study between the two variables …
Persistent link: https://www.econbiz.de/10008789406