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R&D decisions and productivity growth : evidence from Switzerland and the Netherlands

Dobbelaere, Sabien; König, Michael D.; Spescha, Andrin; … - 2024

The fraction of R&D active firms decreased in Switzerland but increased in the Netherlands from 2000-2016. This paper …-productivity firms in Switzerland. Innovation support sustains firms' R&D activities in both countries. Our structural growth model … identifies the impact of innovation, imitation and R&D costs on firms' R&D decisions. R&D costs gained importance in Switzerland …

Persistent link: https://www.econbiz.de/10014535654

Aggregate savings and external imbalances in China

Yang, Dennis Tao - 2012

Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded 9 percent of GDP. The current paper presents a unified...

Persistent link: https://www.econbiz.de/10009656609

Labor market reforms and current account imbalances : beggar-thy-neighbor policies in a currency union?

Baas, Timo; Belke, Ansgar - 2014

Member countries of the European Monetary Union (EMU) initiated wide-ranging labor market reforms in the last decade. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union....

Persistent link: https://www.econbiz.de/10010403902

Oil price shocks, monetary policy and current account imbalances within a currency union

Baas, Timo; Belke, Ansgar - 2017

For more than two decades now, current-account imbalances are a crucial issue in the international policy debate as they threaten the stability of the world economy. More recently, the government debt crisis of the European Union shows that internal current account imbalances inside a currency...

Persistent link: https://www.econbiz.de/10011785688

An innovation index based on knowledge capital investment : definition and results for the UK market sector

Clayton, Tony; Borgo, Mariela Dal; Haskel, Jonathan - 2009

We (a) propose an implementable innovation index, (b) relate it to existing innovation definitions and (c) show whole-economy and industry-specific results for the UK market sector, 2000-2005. Our innovation measure starts by observing that we could get more GDP without innovation by simply...

Persistent link: https://www.econbiz.de/10003811075

Knowledge spillovers, ICT and productivity growth

Corrado, Carol; Haskel, Jonathan; Jona-Lasinio, Cécilia - 2014

This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU member states from 1998 to 2007. We find that (a) the...

Persistent link: https://www.econbiz.de/10010374120

Brexit had no measurable effect on Irish exporters

Elsner, Benjamin; Flaherty, Eoin T.; Haller, Stefanie - 2024

We study the impact of the Brexit referendum on Irish exporters to the UK. The referendum triggered a sharp devaluation of the British pound vis-a-vis the euro and led to considerable uncertainty about future trade relations between the UK and the EU. Using administrative data on the universe of...

Persistent link: https://www.econbiz.de/10015048791

China's high saving puzzle

Ma, Guonan; Yang, Dennis Tao - 2013

This paper analyzes the causes of rising savings rates for the corporate, government, and household sectors, which have jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the Chinese economy are also explored. -- aggregate...

Persistent link: https://www.econbiz.de/10009716768

Secular satiation

Saint-Paul, Gilles - 2017

Satiation of need is generally ignored by growth theory. I study a model where consumers may be satiated in any given good but new goods may be introduced. A social planner will never elect a trajectory with long-run satiation. Instead, he will introduce enough new goods to avoid such a...

Persistent link: https://www.econbiz.de/10011704209

Labor income share dynamics with variable elasticity of substitution

Paul, Saumik - 2019

The accumulation principle suggests that complementarity between capital and labor forces the labor income share to rise in the presence of capital accumulation. The CES model estimates using data from 20 Japanese industries between 1970 and 2012 explain the same outcome but with substitutable...

Persistent link: https://www.econbiz.de/10012022772

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