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Persistent link: https://www.econbiz.de/10005159155
This paper empirically examines the international spillover of economic growth through bilateral trade. We extend the Solow growth model with a spatial autoregressive term and a spatial time lag term, and estimate such a model with a sample of 26 OECD countries over the period 1971–2005. We...
Persistent link: https://www.econbiz.de/10010681760
This paper examines the impact of investment-specific technological change on labor composition in U.S. manufacturing industries from 1974 to 1994. I show that investment-specific technological change increases the relative demand of non-production workers to production workers, while TFP growth...
Persistent link: https://www.econbiz.de/10005275431