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Private information, human capital, and optimal “home bias” in financial markets
Ehrlich, Isaac; Shin, Jong Kook; Yin, Yong - 2011
By allowing for imperfectly informed markets and the role of private information, we offer new insights about observed deviations of portfolio concentrations in domestic relative to foreign risky assets, or "home bias", from what standard finance models predict. Our model ascribes the "bias" to...
Persistent link: https://www.econbiz.de/10009516904
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Migrant inventors and the technological advantage of nations
Bahar, Dany; Choudhury, Prithwiraj; Rapoport, Hillel - 2019
inventors are more prevalent in the first bulk of patents of a country in a given technology, as compared to patents filed at … later stages. We interpret these results as tangible evidence of migrants facilitating the technology-specific diffusion of …
Persistent link: https://www.econbiz.de/10012022425
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Migrant inventors and the technological advantage of nations
Bahar, Dany; Choudhury, Prithwiraj; Rapoport, Hillel - 2020
evidence of migrants facilitating the technology-specific diffusion of knowledge across nations. …
Persistent link: https://www.econbiz.de/10012178399
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Brilliant technologies and brave entrepreneurs : a new narrative for African manufacturing
Naudé, Wim - 2018
In this paper I argue that the manufacturing sector still has an important role to play in Africa's development. Despite failing to industrialize in the past, there may be a new window of opportunity. This is due to the convergence of what has been called "brilliant" new technologies associated...
Persistent link: https://www.econbiz.de/10011949049
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Technical change and total factor productivity growth for Chinese provinces : a panel data analysis
Shiu, Alice (contributor); Heshmati, Almas (contributor) - 2006
compared with the western region. Foreign direct investment (FDI) and information and communication technology (ICT) investment …
Persistent link: https://www.econbiz.de/10003323158
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Technical change and total factor productivity growth : the case of Chinese provinces
Heshmati, Almas; Kumbhakar, Subal - 2010
trend (purely external non-economic) as well as other exogenous (external economic) factors (technology shifters). We define … technology index based on the external economic factors which are indicators of ‘technology’. Thus our definition of production … function is amended to accommodate several technology shifters which are not separable from the traditional inputs. That is …
Persistent link: https://www.econbiz.de/10003941555
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A general model of technical change with an application to the OECD countries
Heshmati, Almas; Kumbhakar, Subal - 2011
call technology shifters (economic factors). We use several composite technology indices based on appropriate combinations … of the external economic factors which are indicators of different aspects of technology. These technology indices are … specific external economic factors. Furthermore, the technology shifters allow for non-neutral and biased shifts in TC. We also …
Persistent link: https://www.econbiz.de/10009425734
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Intangible knowledge capital and innovation in China
Fleisher, Belton M.; McGuire, William; Smith, Adam Nicholas - 2013
Intangible knowledge capital (IKC) - technology produced by workers but not embodied in them - can offset the "middle … income trap" as China exhausts the benefits of international technology transfer. IKC is productivity-enhancing among Chinese …
Persistent link: https://www.econbiz.de/10010224593
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The effects of shared school technology access on students digital skills in Peru
Bet, German; Cristia, Julián P.; Ibarrarán, Pablo - 2014
This paper analyzes the effects of increased shared computer access in secondary schools in Peru. Administrative data are used to identify, through propensity-score matching, two groups of schools with similar observable educational inputs but different intensity in computer access. Extensive...
Persistent link: https://www.econbiz.de/10010246684
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Delving into the demand side : changes in workplace specialization and job polarization
Cortes, Guido Matias; Salvatori, Andrea - 2016
This paper offers the first study of job polarization in Great Britain using workplace level data. We document widespread and increasing occupational specialization within establishments, along with substantial heterogeneity in specialization within industries. Changes in the specialization...
Persistent link: https://www.econbiz.de/10011520985