Showing 1 - 8 of 8
This paper compares the aggregate effects of sectoral reallocation in the United States and Western Germany using a stochastic volatility model of sectoral employment growth. Reallocative shocks have no effect on the natural rate of unemployment in either country, and there is mild evidence that...
Persistent link: https://www.econbiz.de/10009216276
In this paper, I estimate a series of long run reallocative shocks to sectoral employment using a stochastic volatility model of sectoral employment growth for the United States from 1960 through 2011. Reallocative shocks (which primarily measure construction and technology busts) have little...
Persistent link: https://www.econbiz.de/10009216281
This paper analyzes a stylized model of international capital mobility and diffusion of embodied technologies from North to South. The South can fall behind in terms of technologies or get trapped in a situation, in which it is unable to attract foreign capital and embodied technologies, if its...
Persistent link: https://www.econbiz.de/10005076090
We study the North-South diffusion of technologies embodied in internationally mobile capital in a framework of intertemporal global welfare maximization. Convergence of the growth rates of technical change in the North and South always occurs in the long-run. However, the degree to which the...
Persistent link: https://www.econbiz.de/10005818868
It is widely accepted that China has been experiencing an export-led growth approach. However, the question whether …
Persistent link: https://www.econbiz.de/10005700627
their total emissions, and net carbon exports of China amount to 24% of China's total emissions. We also analyze policies … under a global per capita emissions based contraction and convergence regime with emission trading: When China joins the … regime, the developing countries will benefit, while the industrialized countries will be almost unaffected. When China does …
Persistent link: https://www.econbiz.de/10008559254
This paper investigates the link between inward FDI and innovation activity in China, using a very comprehensive and …
Persistent link: https://www.econbiz.de/10005818806
model for climate policy analyses. It analyzes China’s accession to a Post Kyoto emission regime that keeps global emissions …, China will become a net seller of emission permits and steadily reduce emissions, possibly below their 2004 level until 2030 … on Chinese welfare will not significantly change when China joins the Post Kyoto regime …
Persistent link: https://www.econbiz.de/10005818849