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Technology shocks and aggregate fluctuations in an estimated hybrid RBC model
Malley, James R.; Woitek, Ulrich - 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/10003833344
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Timing of technology adoption and product market competition
Milliou, Chrysovalantou; Petrakēs, Emmanuēl - 2009
This paper examines how product market competition affects firms' timing of adopting a new technology as well as …. When goods are differentiated enough, adoption occurs later than it is socially optimal. -- technology adoption …
Persistent link: https://www.econbiz.de/10003854416
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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/10003983245
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Business cycle effects of credit and technology shocks in a DSGE model with firm defaults
Pesaran, M. Hashem; Xu, TengTeng - 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/10009312180
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Science vs. profit in research : lessons from the human genome project
Carraro, Carlo; Pomè, Alessandra; Siniscalco, Domenico - 2001
This paper elaborates on the recent race to sequence the human genome. Starting from the debate on public vs. private research arising from the genome case, the paper shows that in some fundamental research areas, where knowledge externalities play an important role, market and non-market...
Persistent link: https://www.econbiz.de/10011399680
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Do boys and girls use computers differently, and does it contribute to why boys do worse in school than girls?
Fairlie, Robert W. - 2015
Boys are doing worse in school than are girls, which has been dubbed "the Boy Crisis." An analysis of the latest data on educational outcomes among boys and girls reveals extensive disparities in grades, reading and writing test scores, and other measurable educational outcomes, and these...
Persistent link: https://www.econbiz.de/10011309995
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The effects of home computers on educational outcomes : evidence from a field experiment with community college students
Fairlie, Robert W.; London, Rebecca A. - 2013
There is no clear theoretical prediction regarding whether home computers are an important input in the educational production function. To investigate the hypothesis that access to a home computer affects educational outcomes, we conduct the first-ever field experiment involving the provision...
Persistent link: https://www.econbiz.de/10010223045
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Technology agreements with heterogeneous countries
Hoel, Michael; Zeeuw, Aart de - 2014
For sufficiently low abatement costs many countries might undertake significant emission reductions even without any international agreement on emission reductions. We consider a situation where a coalition of countries does not cooperate on emission reductions but cooperates on the development...
Persistent link: https://www.econbiz.de/10010246011
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An empirically-based taxonomy of Dutch manufacturing : innovation policy implications
Raymond, Wladimir; Mohnen, Pierre A.; Palm, Franz C.; … - 2004
The paper studies the degree of homogeneity of innovative behavior in order to determine empirically an industry classification of Dutch manufacturing that can be used for policy purposes. We use a twolimit tobit model with sample selection, which explains the decisions by business enterprises...
Persistent link: https://www.econbiz.de/10011449855
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Technological change, entry and stock market dynamics : an analysis of transition in a monopolistic economy
Datta, Bipasa; Dixon, Huw - 2002
valuation of firms in the transition as technology changes, and whether or not share prices are always increasing when … technology improves. We find that there can be a U-shaped transition dynamic, so that an initial boom in share price is followed … by a temporary fall in share price even though the underlying technology is improving. …
Persistent link: https://www.econbiz.de/10011408812