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We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis....
Persistent link: https://www.econbiz.de/10012472386
We consider trade between two countries of unequal size, where the creation of new intermediate inputs occurs in both. We assume that the knowledge gained from R&D in one country <i>does not</i> spillover to the other. Under autarky, the larger country would have a higher rate of product creation. When...
Persistent link: https://www.econbiz.de/10012475759
sections place the growth-accounting exercise within the context of two recent strands of endogenous growth theory -- varieties …
Persistent link: https://www.econbiz.de/10012472156
Persistent link: https://www.econbiz.de/10013420700
I discuss the concept and empirical importance of international technology diffusion from the point of view of recent work on endogenous technological change. In this literature, technology is viewed as technological knowledge. I first review the major concepts, and how international technology...
Persistent link: https://www.econbiz.de/10012470145
growth model. In the long run, the world growth rate is driven by discoveries in the technologically leading economies …
Persistent link: https://www.econbiz.de/10012473731
This paper presents an endogenous growth model of an open economy in which the growth rate of income is higher if foreign capital goods are used relatively more than domestic capital goods for the production of capital stock. Empirical results, using cross country data for the period 1960-85,...
Persistent link: https://www.econbiz.de/10012474203
In this paper I analyze whether international trade contributes to per capita income convergence across countries. The analysis focuses on four important post-1945 multilateral trade liberalizations. To identify trade's effect on income dispersion, in each case I use a difference-in-differences'...
Persistent link: https://www.econbiz.de/10012472251
reason might be perspective. Most convergence papers frame the analysis in a `Solow world' in which countries exist … independent of one another. But most international trade economists have a very different perspective of a world in which … theory. The key point here is that countries trading is not sufficient proof that trade helps cause per capita income …
Persistent link: https://www.econbiz.de/10012472931
Consensus forecasts for the global economy over the medium and long term predict the world's economic gravity will …
Persistent link: https://www.econbiz.de/10012458092