intensive countries reduce domestic R&D effort, in favor of an increase in foreign technology transfers, which suggests … complementarities in the knowledge assets of the MNE and the target firm as a reason for FDI. In contrast, consistent with technology …

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 …

technology shocks in explaining aggregate fluctuations. To this end we estimate the model's posterior density using Markov …

This paper examines how product market competition affects firms’ timing of adopting a new technology as well as …

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 …