The effects of geography and productivity on the global pattern of production are captured here in a specific factors … gravity model. Simple enough for sharp results, the model is yet rich enough to contain the high dimensional productivity … productivity frictions inferred from gravity. Sellers' and buyers' incidence both reduce real income. Sellers' incidence shocks …

through learning by doing. These models imply that increased specialization accelerates productivity growth by more fully … realizing dynamic economies of scale. In order to test the hypothesis that specialization increases productivity growth in LDCs … countries, the index of specialization is positively and significantly correlated with manufacturing productivity growth. We …

The decline in the costs of multinational production (MP) has led some countries to specialize in innovation and others … advantage and home market effects (HME) that arise from the interaction between increasing returns to innovation and … further specialize in innovation …

therefore average annual observed productivity growth overestimated the corrected rate by 33 percent …

-specific productivity, and nonconvex adjustment costs lead them to pursue generalized (S,s) investment rules. We allow persistent …We study a model of lumpy investment wherein establishments face persistent shocks to common and plant … heterogeneity in both capital and total factor productivity alongside low-level investments exempt from adjustment costs to develop …

and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions …, including persistently high but declining rates of labor and total-factor productivity growth, a U-shaped response of the … capital-output ratio, rising rates of investment and employment, and moderate rates of return to capital …

the firm's investment decision to identify the embodied and disembodied components of productivity growth. With a Cobb …This paper presents a new approach to assess the role of price mismeasurement in the productivity slowdown. I invert … that in the Post-War period, disembodied productivity grew faster in the hard-to-measure than in the non-manufacturing easy …

In this paper I evaluate the contribution of R&D investments to productivity growth. The basis for the analysis are the … externalities. The resulting contribution of R&D to productivity growth in the US is smaller than three to five tenths of one … innovation technology takes the form assumed in the literature, the actual US R&D intensity may be the socially optimal …

model in which technical advances are embodied in new capital, investment will translate directly into productivity gains … 1992, due to productivity growth in MNCs with Canadian affiliates; (3) the investment elasticity of productivity growth is … robust investment which translates directly into productivity gains …