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Avoiding the Trap: The Dynamic Interaction of North-South Capital Mobility and Technology Diffusion
Hübler, Michael - Institut für Weltwirtschaft (IfW) - 2009
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
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The Optimal Transfer of Capital and Embodied Technologies to Developing Countries
Hübler, Michael; Lontzek, Thomas S. - Institut für Weltwirtschaft (IfW) - 2009
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
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International R&D Spillovers in Transition Countries: The Impact of Trade and Foreign Direct Investment
Krammer, Marius Sorin - Institut für Weltwirtschaft (IfW) - 2008
been only a few analyses looking at this question empirically. The present study focuses on a panel of 27 transition and 20 … Western European countries between 1990 and 2006 and uses the latest developments in panel unit root and cointegration testing … on domestic productivity. The domestic R&D capital stock plays an active role in Western Europe while in the Eastern part …
Persistent link: https://www.econbiz.de/10005755110
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Interpreting Productivity Growth in the New Economy: Some Agnostic Notes
Gundlach, Erich - Institut für Weltwirtschaft (IfW) - 2001
The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …
Persistent link: https://www.econbiz.de/10005755233
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Explaining the East German Productivity Gap ; The Role of Human Capital
Ragnitz, Joachim - Institut für Weltwirtschaft (IfW) - 2007
The paper concentrates on the question whether the low level of productivity in East Germany can be explained by … younger cohorts. This impedes a fast convergence in productivity between East and West Germany. …
Persistent link: https://www.econbiz.de/10005755231
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Cross-country growth empirics and model uncertainty: An overview
Ulaşan, Bülent - Institut für Weltwirtschaft (IfW) - 2011
The aim of this paper is to provide an overview of empirical cross-country growth literature. The paper begins with describing the basic framework used in recent empirical cross-country growth research. Even though this literature was mainly inspired by endogenous growth theories, the...
Persistent link: https://www.econbiz.de/10009294882
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Openness to international trade and economic growth: A cross-country empirical investigation
Ulaşan, Bülent - Institut für Weltwirtschaft (IfW) - 2012
In this paper, we revisit the empirical evidence on the relationship between trade openness and long-run economic growth over the sample period 1960-2000. In contrast to previous studies focusing mainly on the period 1970-1990, this paper reassesses the openness-growth nexus over a much longer...
Persistent link: https://www.econbiz.de/10010983169
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Donors’ Openness to Immigration and the Effectiveness of Foreign Aid
Minasyan, Anna; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2015
We argue that donors could improve the effectiveness of foreign aid by pursuing complementary and coherent non-aid policies. In particular, we hypothesize that aid from donors that are open to immigration has stronger growth effects than aid from closed donors. We estimate the aid-growth nexus...
Persistent link: https://www.econbiz.de/10011123767
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The finance-growth nexus revisited: From origins to a modern theoretical landscape
Stolbov, Mikhail - Institut für Weltwirtschaft (IfW) - 2012
The paper is a survey of theoretical and empirical approaches applied to analyze the impact of financial system on economic growth. The key issues of the modern theories of the finance-growth nexus are discussed and the theories are classified on the basis of the methodology they rely on. The...
Persistent link: https://www.econbiz.de/10010956028
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Equity market liberalization, credit constraints and income inequality
Sun, Puyang; Sen, Somnath; Jin, Shujing - Institut für Weltwirtschaft (IfW) - 2012
This paper provides compelling evidence that equity market liberalization, the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the accumulation of human capital. We examine the impact...
Persistent link: https://www.econbiz.de/10010956105