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-producing country such as the U.S. is associated with a 0.15% lower level of productivity. Second, technological knowledge has become … more global over the sample period. As a determinant of productivity, foreign R&D has significantly gained in importance …
Persistent link: https://www.econbiz.de/10012471267
leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity …
Persistent link: https://www.econbiz.de/10012470002
The decline in the costs of multinational production (MP) has led some countries to specialize in innovation and others to specialize in production. To study the aggregate and distributional implications of this phenomenon, we develop a quantifiable general equilibrium model of trade and MP....
Persistent link: https://www.econbiz.de/10012459690
predicted local trade to predicted frictionless local trade) and the Total Factor Productivity effect of changing incidence. A …
Persistent link: https://www.econbiz.de/10012462358
Investment in research and development (R&D) affects a country's total factor productivity. Recently new theories of … total factor productivity of its trade partners. Following these theoretical developments we estimate the effects of a … country's R&D capital stock and the R&D capital stocks of its trade partners on the country's total factor productivity. We …
Persistent link: https://www.econbiz.de/10012474506
adopted - take time to be reflected in aggregate productivity statistics. Before mechanization, cotton spinning was performed … plant productivity distribution of new technology adopters in mechanized cotton spinning. We find that this distribution was … initially highly dispersed. Over the subsequent decades, mechanized spinning experienced dramatic productivity growth that was …
Persistent link: https://www.econbiz.de/10012481359
What do we know about the relationship between innovation and productivity among firms? The workhorse model of this … innovation are derived. The recent empirical evidence on the relationship between innovation and productivity in firms is then … surveyed. The conclusion is that there are substantial positive impacts of product innovation on revenue productivity, but that …
Persistent link: https://www.econbiz.de/10012461479
Economists devote too much attention to international flows of goods and services and not enough to international flows …, including trade economists, would be better equipped to talk about international flows of technologies and rules if they adopted …
Persistent link: https://www.econbiz.de/10012462900
We construct a model that combines elements of endogenous growth with the convergence implications of the neoclassical growth model. In the long run, the world growth rate is driven by discoveries in the technologically leading economies. Followers converge toward the leaders because copying is...
Persistent link: https://www.econbiz.de/10012473731
countries, taking into account that factor accumulation responds to productivity. We show that the failure to control for … productivity differences produces biased estimates. Our model explains 2/3 of the observed differences in the pattern of …
Persistent link: https://www.econbiz.de/10012468058