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International R&D Spillovers and Marginal Social Returns on R&D

Ogawa, Kazuo - 2017

Productivity. We endogenize the accrual of the R&D stocks by estimating an R&D investment function. We find that the marginal …

Persistent link: https://www.econbiz.de/10012964191

Firm-Level Productivity Spillovers in China's Chemical Industry : A Spatial Hausman-Taylor Approach

Baltagi, Badi H. - 2015

This paper assesses the role of intra-sectoral spillovers in total factor productivity across Chinese producers in the … as a function of skilled and unskilled labor, capital, materials, and total factor productivity, which is broadly defined …, the extent of accumulated intangible assets, and unobservable total factor productivity. Despite the richness of our data …

Persistent link: https://www.econbiz.de/10013030498

Cross-Ownership, R&D Spillovers, and Antitrust Policy

López, Angel L. - 2017

This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with overlapping ownership. We show that overlapping ownership leads to internalization of rivals' profits by firms and find that, for demand not too convex, increases in overlapping ownership increase...

Persistent link: https://www.econbiz.de/10012968865

Innovation and Trade with Heterogeneous Firms

Van Long, Ngo - 2009

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/10013156034

Heterogeneous Technology Diffusion and Ricardian Trade Patterns

Kerr, William R. - 2019

estimates connecting country-industry productivity and exports, and the study exploits heterogeneous technology diffusion from …. The instrumented elasticity of export growth on the intensive margin with respect to the exporter's productivity growth is …

Persistent link: https://www.econbiz.de/10012902445

Microeconometric Evidence of Financing Frictions and Innovative Activity

Tiwari, Amaresh - 2014

Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics, and R&D slows down. In the absence of financial...

Persistent link: https://www.econbiz.de/10013057269

Reform, Uncertainty and Spillovers - A Gravity Model Approach

Fidrmuc, Jan - 2012

Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of similar countries. We motivate this hypothesis with a simple...

Persistent link: https://www.econbiz.de/10013109753

Uncertainty-Driven Business Cycles : Assessing the Markup Channel

Born, Benjamin - 2017

A growing recent literature relies on a precautionary pricing motive embedded in representative agent DSGE models with sticky prices and wages to generate negative output effects of uncertainty shocks. We assess whether this theoretical model channel is consistent with the data. Building a New...

Persistent link: https://www.econbiz.de/10012962916

Asset Ownership and Foreign-Market Entry

Raff, Horst - 2006

This paper examines the link between a firm's ownership of productive assets and its choice of foreign-market entry strategy. We find that, controlling for industry - and country-specific characteristics, the most productive firms (i.e., those owning the most assets) will enter through...

Persistent link: https://www.econbiz.de/10012780461

Trade, Finance and Endogenous Firms Heterogeneity

Bonfiglioli, Alessandra - 2016

We study how financial frictions affect firm-level heterogeneity and trade. We build a model where productivity …

Persistent link: https://www.econbiz.de/10012994079