Showing 1 - 10 of 371
This paper examines how trade liberalization affects the innovation incentives of firms, and what this implies for … industry productivity. For this purpose we develop a reciprocal dumping model of international trade with heterogeneous firms … expected industry productivity. The central results of the paper regarding firm and industry level R&D spending differ …
Persistent link: https://www.econbiz.de/10010266051
We study the impact of techies—engineers and other technically trained workers—on firm-level productivity. We first … STEM-skill intensive and are associated with innovation, as well as with technology adoption, management, and diffusion …-neutral productivity in both manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this …
Persistent link: https://www.econbiz.de/10014348039
Every government that controls an exhaustible resource must decide whether to exploit it or to conserve and thereby let the subsequent government decide whether to exploit or conserve. This paper develops a model of this situation and shows when a small probability that some future government...
Persistent link: https://www.econbiz.de/10012834349
Industrial activity periodically experiences breakthrough innovations in energy efficiency, but the estimated impacts of these innovations on aggregate energy use are highly varied. We develop a general equilibrium model to investigate whether this variation is determined by the structure of the...
Persistent link: https://www.econbiz.de/10012844213
We derive closed-form solutions and sufficient statistics for inflation and GDP dynamics in multi-sector New Keynesian economies with arbitrary input-output linkages. Analytically, we decompose how production linkages (1) amplify the persistence of inflation and GDP responses to monetary and...
Persistent link: https://www.econbiz.de/10014356604
yearly data on Muslim presence in the period 711-1492 and literacy rate in 1900 for about 7500 municipalities in Spain, we …
Persistent link: https://www.econbiz.de/10012836716
This paper examines the stochastic behaviour of the realized betas within the one-factor CAPM for the six companies with the highest market capitalization included in the Spanish IBEX stock market index. Fractional integration methods are applied to estimate their degree of persistence at the...
Persistent link: https://www.econbiz.de/10012838240
Spain. As an initial step, the method selected to execute the match -imputations using Bayesian Networks- is described. The …
Persistent link: https://www.econbiz.de/10012908685
products with intermediate productivity. Shocks to trade costs and technology affect the endogenous decision to export or … produce abroad at the product-level and, in turn, the relative productivity between parents and affiliates …
Persistent link: https://www.econbiz.de/10012825997
Based on a conjoint survey experiment we explore the support among European citizens for a European Union (EU) budgetary assistance instrument to combat adverse temporary or permanent economic shocks hitting Member States. Suitably designed, there is quite substantial support for such an EU...
Persistent link: https://www.econbiz.de/10012825998