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Recent U.S. Labor Force Dynamics: Reversible or not?
Balakrishnan, Ravi; Dao, Mai; Sole, Juan; Zook, Jeremy - International Monetary Fund (IMF) - 2015
The U.S. labor force participation rate (LFPR) fell dramatically following the Great Recession and has yet to start recovering. A key question is how much of the post-2007 decline is reversible, something which is central to the policy debate. The key finding of this paper is that while around...
Persistent link: https://www.econbiz.de/10011242381
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Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels
Choi, Sangyup; Loungani, Prakash - International Monetary Fund (IMF) - 2015
We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and … measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic … vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with …
Persistent link: https://www.econbiz.de/10011242392
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Firm Heterogeneity and Weak Intellectual Property Rights
Watt, Stanley - International Monetary Fund (IMF) - 2007
In weak intellectual property rights (IPR) environments, the imitation of proprietary technology by domestic firms has become a deterrent for foreign investment. Different multinationals may view this deterrent differently. This paper develops a model where firms with more technology are less...
Persistent link: https://www.econbiz.de/10005825669
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RandD, innovation, and Economic Growth; An Empirical Analysis
Ulku, Hulya - International Monetary Fund (IMF) - 2004
This paper investigates the main postulations of the R&D based growth models that innovation is created in the R …&D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of R … the period 1981–97. The results suggest a positive relationship between per capita GDP and innovation in both OECD and non …
Persistent link: https://www.econbiz.de/10005826633
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A Multi-Industry Model of Growth with Financing Constraints
Ilyina, Anna; Samaniego, Roberto M. - International Monetary Fund (IMF) - 2009
This paper develops a multi-industry growth model in which firms require external funds to conduct productivity-enhancing R&D. The cost of research is industry-specific. The tightness of financing constraints depends on the level of financial development and on industry characteristics. Over...
Persistent link: https://www.econbiz.de/10008528634
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Treating Intangible Inputs As Investment Goods; The Impacton Canadian GDP
Belhocine, Nazim - International Monetary Fund (IMF) - 2009
This paper constructs a data set to document firms' expenditures on an identifiable list of intangible items and examines the implications of treating intangible spending as an acquisition of final (investment) goods on GDP growth for Canada. It finds that investment in intangible capital by...
Persistent link: https://www.econbiz.de/10008540916
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Do Technology Shocks Lead to Productivity Slowdowns? Evidence From Patent Data
Christiansen, Lone Engbo - International Monetary Fund (IMF) - 2008
This paper provides empirical evidence on the response of labor productivity to the arrival of new inventions. The benchmark measure of technological progress is given by data on patent applications in the U.S. over the period 1889-2002. The analysis shows that labor productivity may temporarily...
Persistent link: https://www.econbiz.de/10005768749
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The Impact of Research and Development Tax Incentiveson Colombia's Manufacturing Sector; What Difference Do they Make?
Mercer-Blackman, Valerie - International Monetary Fund (IMF) - 2008
Do tax incentives for science and technology stimulate additional investment? We use detailed data on applications and acceptances for R&D tax incentives, a special survey, and for the first time, the science and technology module from the 2000-2002 Survey of Manufacturers database in Colombia...
Persistent link: https://www.econbiz.de/10005768986
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Productivity Growth, Technological Convergence, RandD, Trade, and Labor Markets; Evidence From the French Manufacturing Sector
Khan, Tehmina S. - International Monetary Fund (IMF) - 2006
Total factor productivity (TFP) of 14 manufacturing sectors in France has kept up with that of the United States during 1980-2002 and remained well above that of the United Kingdom. Estimates using a dynamic panel equilibrium correction model indicate that sectors further behind the...
Persistent link: https://www.econbiz.de/10005599272
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Relating the Knowledge Production Function to total Factor Productivity; An Endogenous Growth Puzzle
Joutz, Frederick L.; Abdih, Yasser - International Monetary Fund (IMF) - 2005
The knowledge production function is central to R&D-based growth models. This paper empirically investigates the knowledge production function and intertemporal spillover effects using cointegration techniques. Time-series evidence suggests there are two long-run cointegrating relationships. The...
Persistent link: https://www.econbiz.de/10005605296