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Innovation, Diffusion, and Trade
Eaton, Jonathan - 2006
We explore the determinants of research specialization across countries and its consequences for relative wages. Using a dynamic Ricardian model we examine the effects of faster international technology diffusion and lower trade barriers on the incentive to innovate. In the absence of any...
Persistent link: https://www.econbiz.de/10012466280
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Equilibrium Technology Diffusion, Trade, and Growth
Perla, Jesse - 2015
We study how opening to trade affects economic growth in a model where heterogeneous firms can choose to adopt a new technology already in use by other firms. We characterize the growth rate using summary statistics of the profit distribution--the ratio of profits between the average and...
Persistent link: https://www.econbiz.de/10012457785
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Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World
Acemoglu, Daron - 2012
"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others …
Persistent link: https://www.econbiz.de/10012460215
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Innovation, Growth, and Dynamic Gains from Trade
Hsu, Wen-Tai - 2019
trade affects the incentives for technological advancement. We construct an innovation-based endogenous growth model of … North-South trade. There are two types of innovation: one by the North to upgrade the general purpose technology (GPT) and … estimates where the effects of GPT-driven innovation are eliminated. The share of dynamic gains from trade is about 78% of the …
Persistent link: https://www.econbiz.de/10012480413
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A Theory of Growth and Volatility at the Aggregate and Firm Level
Comin, Diego - 2005
This paper presents an endogenous growth model that explains the evolution of the first and second moments of productivity growth at the aggregate and firm level during the post-war period. Growth is driven by the development of both (i) idiosyncratic R&D innovations and (ii) general innovations...
Persistent link: https://www.econbiz.de/10012467175
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The Stock Market and Capital Accumulation
Hall, Robert E. - 1999
If firms purchase capital up to the point where there is no further marginal benefit, and the firms' securities are equal in value to the capital, then the market value of securities measures the quantity of capital. I explore the implications of this hypothesis using data from U.S. non-farm,...
Persistent link: https://www.econbiz.de/10012471608
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The Past and Future of Economic Growth : A Semi-Endogenous Perspective
Jones, Charles I. - National Bureau of Economic Research - 2021
The nonrivalry of ideas gives rise to increasing returns, a fact celebrated in Paul Romer's recent Nobel Prize. An implication is that the long-run rate of economic growth is the product of the degree of increasing returns and the growth rate of research effort; this is the essence of...
Persistent link: https://www.econbiz.de/10012616574
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Human Capital and Economic Growth
Mincer, Jacob - 1981
production of new knowledge which is the source of innovation and of technical change which propels all factors of production …
Persistent link: https://www.econbiz.de/10012478310
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Technological Growth and Asset Pricing
Gârleanu, Nicolae B. - 2009
In this paper we study the implications of general-purpose technological growth for asset prices. The model features two types of shocks: "small", frequent, and disembodied shocks to productivity and "large" technological innovations, which are embodied into new vintages of the capital stock....
Persistent link: https://www.econbiz.de/10012463310
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Trade and Growth with Heterogenous Firms
Baldwin, Richard E. - 2006
the exact nature of the innovation technology and its connection to international trade in goods and ideas. We consider …
Persistent link: https://www.econbiz.de/10012466339