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Finance and Development : A Tale of Two Sectors
Buera, Francisco J. - 2009
Income differences across countries primarily reflect differences in total factor productivity (TFP). More …
Persistent link: https://www.econbiz.de/10012463734
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Financial constraints and innovation : Why poor countries don't catch up
Gorodnichenko, Yuriy - 2010
This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey...
Persistent link: https://www.econbiz.de/10012462858
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Why Doesn't Capital Flow from Rich to Poor Countries? An Empirical Investigation
Alfaro, Laura - 2005
We examine the empirical role of different explanations for the lack of flows of capital from rich to poor countries the "Lucas Paradox." The theoretical explanations include differences in fundamentals across countries and capital market imperfections. We show that during 1970-2000 low...
Persistent link: https://www.econbiz.de/10012466770
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Monetary Policy Spillovers and the Trilemma in the New Normal : Periphery Country Sensitivity to Core Country Conditions
Aizenman, Joshua - 2015
We investigate why and how the financial conditions of developing and emerging market countries (peripheral countries) can be affected by the movements in the center economies - the U.S., Japan, the Eurozone, and China. We apply a two-step approach. First, we estimate the sensitivity of...
Persistent link: https://www.econbiz.de/10012457538
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Innovation, Growth, and Dynamic Gains from Trade
Hsu, Wen-Tai - 2019
productivity is endogenously enhanced? To address these questions, we focus on the dynamic effect of trade, in particular, how …
Persistent link: https://www.econbiz.de/10012480413
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R&D and Productivity : The International Connection
Helpman, Elhanan - 1997
Countries differ greatly in R&D spending, and these differences are particularly striking when comparing developed with developing countries. The paper examines the extent to which the benefits of R&D are concentrated in the investing countries. It is argued that significant benefits spill over...
Persistent link: https://www.econbiz.de/10012472713
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The Evolution of Comparative Advantage : Measurement and Welfare Implications
Levchenko, Andrei A. - 2011
both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew …
Persistent link: https://www.econbiz.de/10012461851
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Productivity Differences
Acemoglu, Daron - 1999
these tasks are designed to be used by skilled workers, productivity in the LDCs will be low. Even when all countries have … factor productivity and output per worker. Our theory also suggests that productivity differences should be highest in medium … effect on the direction of technical change and on productivity differences …
Persistent link: https://www.econbiz.de/10012471932
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Credit Rationing, Risk Aversion and Industrial Evolution in Developing Countries
Bond, Eric - 2008
that links these features of the business environment to cross-firm productivity distributions, entrepreneurs' welfare, and …
Persistent link: https://www.econbiz.de/10012464529
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Limited Capital Market Participation and Human Capital Risk
Berk, Jonathan - 2010
The non-tradability of human capital is often cited for the failure of traditional asset pricing theory to explain agents' portfolio holdings. In this paper we argue that the opposite might be true --- traditional models might not be able to explain agent portfolio holdings because they do not...
Persistent link: https://www.econbiz.de/10012462943