We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology … actual aggregate cross-section data for 89 countries in 2011 to a hypothetical world without FDI. The gains from FDI amount … to 9\% of world's welfare and to 11% of world's trade, unevenly distributed among winners and losers. Net exports of FDI …

characteristics. The results suggest that institutional differences are important determinants of total factor productivity and that …

world, using recently developed instruments for institutions and trade. Our results indicate that the quality of …

After decades of rising global economic integration, the world economy is now fragmenting. To measure this phenomenon …

of climate change on sectoral reallocation and aggregate productivity. First, I use firm-level data from a wide range of … countries to estimate the effect of temperature on productivity in manufacturing and services. Estimates suggest that extreme … heat reduces non-agricultural productivity, but less so than in agriculture, implying that hot countries could adapt to …

largely reflect differences in countries' total factor productivity. We argue that this view has powerful implications for … patterns of capital flows: everything else equal, countries with faster productivity growth should invest more, and attract …

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 …

This paper extends previous research on the effect of investment on labor productivity at the country level by … accounting for investment in R&D, as well as for investment in fixed and human capital. Privately-funded R&D investment is found … to have a significant positive effect on productivity. Moreover, this effect appears to be quite large. The estimated …