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Business Cycles, Investment Shocks, and the "Barro-King" Curse
Ascari, Guido - 2016
Recent empirical evidence identifies investment shocks as key driving forces behind business cycle fluctuations … between consumption growth and investment growth, a weak positive unconditional correlation between consumption growth and … short-run contractionary effect a positive investment shock on consumption. Such counterfactual co-movements are typical of …
Persistent link: https://www.econbiz.de/10012455739
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Technology Diffusion
Stokey, Nancy - 2020
The importance of new technologies derives from the fact that they spread across many different users and uses, as well as different geographic regions. The diffusion of technological improvements, across producers within a country and across international borders, is critical for long run...
Persistent link: https://www.econbiz.de/10012481321
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Adoption Curves and Social Interactions
Brock, William A. - 2009
This paper considers the observational implications of social influences on adoption decisions for an environment of perfect foresight adopters. We argue that social influences can produce two observable effects: 1) discontinuities in unconditional adoption curves and 2) pattern reversals in...
Persistent link: https://www.econbiz.de/10012463584
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The Economics of Inefficient Technology Use
Beaudry, Paul - 2007
The adoption and diffusion of technological knowledge is generally regarded as a key element in a country's economic success. However, as is the case with most types of information, the transfer of technological knowledge is likely to be subject to adverse selection problems. In this paper we...
Persistent link: https://www.econbiz.de/10012465146
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An Exploration of Technology Diffusion
Comin, Diego - 2006
Estimation of our model for a sample of 19 technologies, 21 countries, and the period 1870-1998 reveals that embodied productivity growth is large for many of the technologies in our sample. On average, increases in the variety of vintages available is a more important source of growth than the...
Persistent link: https://www.econbiz.de/10012466355
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International Technology Diffusion
Keller, Wolfgang - 2001
foreign direct investment; (iii) the spatial distribution of technological knowledge, and (iv) other issues …
Persistent link: https://www.econbiz.de/10012470145
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What Explains Skill Upgrading in Less Developed Countries?
Pavcnik, Nina - 2000
for skilled workers during the 1980s, the sources of this trend remain a puzzle. This paper examines whether investment … Chile. Using semiparametric and parametric approaches, I investigate whether plant-level measures of capital and investment …
Persistent link: https://www.econbiz.de/10012470897
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Technology and Trade
Grossman, Gene M. - 1994
We survey research on the relationship between technology and trade. We begin with the old literature, which treated the state of technology as exogenous and asked how changes in technology affect the trade pattern and welfare. Recent research has attempted to endogenize technological progress...
Persistent link: https://www.econbiz.de/10012473978
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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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Micro Jumps, Macro Humps : Monetary Policy and Business Cycles in an Estimated HANK Model
Auclert, Adrien - 2020
shock. Our estimated model uncovers a central role for investment in the transmission mechanism of monetary policy, as high … MPCs amplify the investment response in the data. This force also generates a procyclical response of consumption to … investment shocks, leading our model to infer a central role for these shocks as a source of business cycles …
Persistent link: https://www.econbiz.de/10012479171