Showing 1 - 10 of 1,009
's innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm … export and innovation activities to become substitutes although they are generally natural complements. … of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm …
Persistent link: https://www.econbiz.de/10008631682
Many seemingly discordant results are reconciled if firm-specific return volatility is characterized as the intensity with which firm-specific events occur. A functionally efficient stock market allocates capital to its highest value uses, which often amounts to financing Schumpeterian creative...
Persistent link: https://www.econbiz.de/10010951344
challenges for future empirical research, as well as the need for additional data on technology and innovation. …
Persistent link: https://www.econbiz.de/10008628323
We build a two country asymmetric DSGE model with two features: (i) endogenous and slow diffusion of technologies from the developed to the developing country, and (ii) adjustment costs to investment flows. We calibrate the model to match the Mexico-U.S. trade and FDI flows. The model is able to...
Persistent link: https://www.econbiz.de/10008628461
research regardless of trade barriers or research productivity. As long as trade barriers are not too high, faster diffusion …
Persistent link: https://www.econbiz.de/10005714532
Economists emphasize two channels through which import liberalization affects productivity, one operating between and … to 2002. First, in the long run, import liberalization lowers productivity in domestic industries through selection. This …, liberalization also generates technological learning that can on net raise domestic productivity. Third, for short time horizons of …
Persistent link: https://www.econbiz.de/10005828515
While there is general agreement that technology differences must figure prominently in any successful account of the cross-country income variation, not much is known on the source of these technology differences. This paper examines cross-country income differences in terms of factor...
Persistent link: https://www.econbiz.de/10005828938
of firms export, a decline in marginal trade costs raises process innovation in exporting firms relative to that of non … activity. We first show analytically that if all firms export with equal intensity, then a reduction in international trade … costs has no impact at all, in steady-state, on firms' investments in process innovation. We then show that if only a subset …
Persistent link: https://www.econbiz.de/10005829886
We study the importance of technology and institutions in determining the size of markets in five different countries and fifteen different German states. The setting of 19th century Europe presents a unique opportunity to address this issue, since it witnessed fundamental change in both...
Persistent link: https://www.econbiz.de/10005777484
Firms that export or, even more so, are part of a multinational enterprise tend to exhibit higher productivity than … organization that one of the main drivers of differences in productivity is differences in knowledge. We examine a new data set of … information. We also find that the relative importance of knowledge sources varies systematically with the type of innovation. …
Persistent link: https://www.econbiz.de/10005580322