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On the elasticity of substitution between labor and ICT and IP capital and traditional capital

Jerbashian, Vahagn - 2022

I estimate CES aggregate production functions for the US, the UK, Japan, Germany, and Spain using data from the EU KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual property (IP) capital, and traditional capital. I assume...

Persistent link: https://www.econbiz.de/10013390934

Industrialisation and the Big Push in a global economy

Kreickemeier, Udo; Wrona, Jens - 2017

returns to scale at the firm level and pecuniary externalities can give rise to a poverty trap, thereby formalising an old … whether globalization makes it easier or harder for a country to escape from a poverty trap. Our model gives a definite answer … to this question: Globalisation makes it harder to escape from a poverty trap since the adoption of the modern technology …

Persistent link: https://www.econbiz.de/10011654535

Skilled worker migration and trade : inequality and welfare

Bougheas, Spiros P.; Nelson, Douglas R. - 2010

We develop a two-sector, two-country model where trade is driven by technological differences. Each country is populated by large number of heterogeneous workers distinguished by their level of skills. Given that one country has a technological advantage in the skilled intensive good when we...

Persistent link: https://www.econbiz.de/10008798818

Market structure, technology spillovers, and persistence in productivity differentials

Cheung, Yin-Wong; Pascual, Antonio I. Garcia - 2001

Using data from 11 main manufacturing industries in 17 OECD countries, this paper empirically investigates the determinants of cross-country differences in the persistence of productivity differentials Specifically, we focus on the effects of product market structure and technology diffusion. It...

Persistent link: https://www.econbiz.de/10011399314

Green technology adoption, complexity, and the role of public policy : a simple theoretical model

Dhami, Sanjit S. - 2023

We consider technology choices between green and brown technologies by firms. We use insights from complexity theory …

Persistent link: https://www.econbiz.de/10014251250

Green technology adoption under uncertainty, increasing returns, and complex adaptive dynamics

Dhami, Sanjit; Zeppini, Paolo - 2024

from complexity theory that takes account of true uncertainty and increasing returns to technology adoption. We examine …

Persistent link: https://www.econbiz.de/10014463535

Intertemporal utility with heterogeneous goods and constant elasticity of substitution

Quaas, Martin F.; Baumgärtner, Stefan; Drupp, Moritz A.; … - 2019

We characterize intertemporal utility functions over heterogeneous goods that feature (i) a constant elasticity of substitution between goods at each point in time and (ii) a constant intertemporal elasticity of substitution for at least one of the goods. We find that a standard (stationary)...

Persistent link: https://www.econbiz.de/10012156591

Fragmentation, globalization and labor markets

Burda, Michael C.; Dluhosch, Barbara - 2000

Fragmentation of the value-added-chain is modeled as the reaction of monopolistically competitive firms to the removal of barriers to trade and factor mobility in an integrated trading environment. Since fragmentation requires high-skilled labor, this form of globalization can induce labor...

Persistent link: https://www.econbiz.de/10009781633

Renewable technology adoption and the macroeconomy

Adão, Bernardino; Narajabad, Borghan; Temzelides, Ted - 2017 - First Version: 1/25/2012

We study the effect of technological progress on the optimal transition to a renewable energy-fueled world economy. We develop a dynamic general equilibrium model where energy is used as an input in production and can come from fossil or renewable sources. Both require the use of capital, which...

Persistent link: https://www.econbiz.de/10011615700

Two-sided platforms and biases in technology adoption

Choi, Jay Pil; Jeon, Doh-Shin - 2020

We investigate the relationship between market structure and platforms' incentives to adopt technological innovations in two-sided markets, where platforms may find it optimal to charge zero price on the consumer side and to extract surplus on the advertising side. We consider innovations that...

Persistent link: https://www.econbiz.de/10012288007

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