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Innovation, Trade, and Finance
Egger, Peter H. - 2013
This paper proposes a model where heterogeneous firms choose whether to undertake R&D or not. Innovative firms are more productive, have larger investment opportunities and lower own funds for necessary tangible continuation investments than non-innovating firms. As a result, they are...
Persistent link: https://www.econbiz.de/10013092604
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Reflections on Cluster Policies
Brakman, Steven - 2012
Economic activity tends to cluster. This results in productivity gains. For policy makers this offers an opportunity to formulate and promote policies that foster clustering of economic activity. Paradoxically, although agglomeration rents are often found in empirical research a rationale for...
Persistent link: https://www.econbiz.de/10013098963
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Fiscal and Regulatory Instruments for Clean Technology Development in the European Union
Dechezlepretre, Antoine - 2015
concerns. We first lay out the justifications for government support to clean R&D activity at the various stages of technology …
Persistent link: https://www.econbiz.de/10013021714
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Lisbon Agenda, Regional Innovation System and the New EU Cohesion Policy
Nam, Chang Woon; Schoenberg, Alina; Wamser, Georg - 2021
The EU’s cohesion policy should now be confluent with the goals of the Lisbon strategy by promoting growth and employment. In this context, the promotion of a concept called regional innovation system has recently become important in the EU for guaranteeing long-term regional economic growth....
Persistent link: https://www.econbiz.de/10013315973
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Heckscher-Ohlin Theory When Countries Have Different Technologies
Fisher, Eric O'Neill - 2010
Rethinking the foundations of Heckscher-Ohlin theory when countries have different technologies, this paper shows how to make the proper adjustments for international productivity differences. The central tool is a factor conversion matrix that computes the local factor content of foreign...
Persistent link: https://www.econbiz.de/10013141086
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Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults
Pesaran, M. Hashem - 2011
This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … different realizations of firm specific technology shocks, possibly leading to default by some firms. The paper advances a new … financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined …
Persistent link: https://www.econbiz.de/10013119521
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Technology Shocks and Aggregate Fluctuations in an Estimated Hybrid RBC Model
Malley, Jim - 2009
technology shocks in explaining aggregate fluctuations. To this end we estimate the model's posterior density using Markov …
Persistent link: https://www.econbiz.de/10013160381
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Heterogeneous Technology Diffusion and Ricardian Trade Patterns
Kerr, William - 2019
quantify the importance of Ricardian technology differences for international trade. The framework provides the first panel … estimates connecting country-industry productivity and exports, and the study exploits heterogeneous technology diffusion from …
Persistent link: https://www.econbiz.de/10012902445
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Estimated U.S. Manufacturing Production Capital and Technology Based on an Estimated Dynamic Economic Model
Chen, Baoline; Zadrozny, Peter A. - 2021
Production capital and technology, fundamental to understanding output and productivity growth, are unobserved except … of capital and technology for the sample period. We apply the method to annual data from 1947-97 for U.S. total …
Persistent link: https://www.econbiz.de/10013318283
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How National and International Financial Development Affect Industrial R&D
Maskus, Keith E. - 2013
We examine the impacts of both domestic and international financial market development on R&D intensities in 22 manufacturing industries in 18 OECD countries for the period 1990-2003. We take account of such industry characteristics as the need for external financing and the amount of tangible...
Persistent link: https://www.econbiz.de/10013092838