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R&D Spillovers Through RJV Cooperation
Banal-Estañol, Albert - 2020
We investigate the dimensions through which R&D spillovers are propagated across firms via cooperation through Research Joint Ventures (RJVs). We build on the framework developed by Bloom et al. (2013) which considers the opposing effects of technology spillovers and product market rivalry, and...
Persistent link: https://www.econbiz.de/10012824822
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Policies to Internalize Reciprocal International Spillovers
Altemeyer-Bartscher, Martin; Rübbelke, Dirk T. G.; … - 2021
An effective policy scheme to overcome the suboptimal low provision levels of global public goods is developed in this paper. By suggesting a decentralized approach to raise environmental public good provision levels we take account of the lack of a coercive global authority that is able to...
Persistent link: https://www.econbiz.de/10013316908
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Intra- and Inter-Industry Productivity Spillovers in OECD Manufacturing : A Spatial Econometric Perspective
Badinger, Harald; Egger, Peter H. - 2021
We adopt a spatial econometric approach to estimate intra- and inter-industry productivity spillovers in total factor … productivity transmitted through input-output relations in a sample of 13 OECD countries and 15 manufacturing industries. Both R …
Persistent link: https://www.econbiz.de/10013316626
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Technology, Market Structure and the Gains from Trade
Impullitti, Giammario; Licandro, Omar; Rendahl, Pontus - 2021
We study the gains from trade in a model with oligopolistic competition, heterogeneous firms and innovation, and … increases welfare via productivity improvements. In the calibrated version of the model we show that a trade-induced increase in … concentration contributes substantially to the gains from trade, mostly via its stimulating effect on innovation. Sizeable gains …
Persistent link: https://www.econbiz.de/10013231972
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Public Expenditure Spillovers : An Explanation for Heterogeneous Tax Reaction Functions
Levaggi, Rosella - 2019
This article provides a possible explanation for the heterogeneity of tax reaction functions under tax competition. In particular, we assume the existence of three jurisdictions, i, j and z, as well as of spillovers. Given this simple framework, we show that if jurisdictions compete to attract...
Persistent link: https://www.econbiz.de/10012892282
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A Model for International Spillovers to Emerging Markets
Houssa, Romain - 2019
This paper develops a small open economy (SOE) dynamic stochastic general equilibrium (DSGE) model that helps to explain business cycle synchronization between an emerging market and advanced economies. The model captures the specificities of both economies (e.g. primary commodity,...
Persistent link: https://www.econbiz.de/10012866875
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Think Locally, Act Locally : Spillovers, Spillbacks, and Efficient Decentralized Policymaking
Ogawa, Hikaru; Wildasin, David E. - 2021
In this paper, we analyze a class of models in which there are interjurisdictional spillovers among heterogeneous jurisdictions, as illustrated for instance by CO2 emissions that affect the global environment. Each jurisdiction's emissions depend upon the local stock of private capital. Capital...
Persistent link: https://www.econbiz.de/10013316740
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FDI Technology Spillovers and Wages
Urban, Dieter M. - 2021
experience contributes more to local firms' than to MNEs' productivity. In this case, experienced MNE workers are hired by …
Persistent link: https://www.econbiz.de/10013316795
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Revisiting the 'Decentralization Theorem' - On the Role of Externalities
Koethenbuerger, Marko - 2021
The Decentralization Theorem (Oates, 1972) is central to the discussion of fiscal federalism. We revisit the role of consumption spillovers in evaluating the merits of (de)centralization. Unlike the general prediction, a higher degree of spillovers may reduce the difference in utility of...
Persistent link: https://www.econbiz.de/10013316807
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Long-Term Effects of Hiring Subsidies for Unemployed Youths—Beware of Spillovers
Albanese, Andrea; Cockx, Bart; Dejemeppe, Muriel - 2022
We use (donut) regression discontinuity design and difference-in-differences estimators to estimate the impact of a one-shot hiring subsidy targeted at low-educated unemployed youths during the Great Recession recovery in Belgium. The subsidy increases job-finding in the private sector by 10...
Persistent link: https://www.econbiz.de/10014244086