Showing 1 - 10 of 788
supply side at center stage, affording little or no role for demand or overseas trade. Recently, alternative explanations … have placed an emphasis on the importance of trade with New World colonies, and the expanded supply of raw cotton it … for 1760 and 1850. Neither claim is supported. Trade was vital for the progress of the industrial revolution; but it was …
Persistent link: https://www.econbiz.de/10005497925
Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for … trade in explaining British living standards or growth rates. We construct a three-region model of the world in which … that while trade had only a small impact on British welfare in the 1760s, it had a very large impact in the 1850s. This …
Persistent link: https://www.econbiz.de/10011083876
We estimate the effect of international trade on average labour productivity across countries. Our empirical approach … relies on a summary measure of trade that, we argue, is preferable to the one conventionally used on both theoretical and … empirical grounds. In contrast to the marginally significant and non-robust effects of trade on productivity found previously …
Persistent link: https://www.econbiz.de/10005661691
This Paper develops a dynamic general equilibrium model of North-South trade with scale-invariant growth. Northern … imitative R&D to copy state-of-the-art quality Northern products. Both innovation and imitation rates are endogenously …
Persistent link: https://www.econbiz.de/10005656156
This paper develops a dynamic general equilibrium model of North-South trade and economic growth. Both innovation and … trade costs. …
Persistent link: https://www.econbiz.de/10005114418
countries, suggest that R&D spillovers from the industrial countries in the North to the developing countries in the South are …
Persistent link: https://www.econbiz.de/10005667027
We examine the growth promoting roles of R&D, international R&D spillovers, and trade in a world econometric model. A … countries. Our simulations suggest that R&D, R&D spillovers, and trade play important roles in boosting growth in industrial and … of MULTIMOD that incorporates R&D spillovers among industrial countries and from industrial countries to developing …
Persistent link: https://www.econbiz.de/10005123493
The empirical analysis in "International R&D Spillovers" (Coe and Helpman, 1995) is first revisited by applying modern … they impact the degree of R&D spillovers. …
Persistent link: https://www.econbiz.de/10005124193
innovation output as measured by patent applications. We first estimate a long-run cointegration relation using recently … analyse the impulse response of new ideas to a shock to R&D or to a shock to innovation by estimating an error correction … mechanism. We find that internationally generated ideas have a very significant impact in helping innovation in a country. As a …
Persistent link: https://www.econbiz.de/10005666419
We analyze incentives to develop entrepreneurial ideas for venture capitalists (VCs) and incumbent firms. If VCs are sufficiently better at judging an idea's value and if it is sufficiently more costly to patent low than high value ideas, VCs acquire valuable ideas, develop them beyond the level...
Persistent link: https://www.econbiz.de/10009643508