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The Global Welfare Impact of China : Trade Integration and Technological Change
di Giovanni, Julian - 2012
Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a … "balanced" one in which China's productivity grows at the same rate in each sector, and an "unbalanced" one in which China …'s comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well …
Persistent link: https://www.econbiz.de/10013106747
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Technology Shocks and Aggregate Fluctuations : How Well Does the Real Business Cycle Model Fit Postwar U.S. Data?
Galí, Jordi - 2006
Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the...
Persistent link: https://www.econbiz.de/10012783040
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Does Trade and Technology Transmission Facilitate Inequality Convergence? An Inquiry into the Role of Technology in Reducing the Poverty of Nations
Das, Gouranga Gopal - 2007
trade from the United States induces productivity growth in developing regions. This spillover capture-aided by absorptive …
Persistent link: https://www.econbiz.de/10012777769
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R&D, Innovation, and Economic Growth : An Empirical Analysis
Ulku, Hulya - 2006
This paper investigates the main postulations of the Ramp;D based growth models that innovation is created in the Ramp;D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of Ramp;D. The analysis employs various panel data...
Persistent link: https://www.econbiz.de/10012783098
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Technological and Economic Decoupling in the Cyber Era
Garcia-Macia, Daniel; Goyal, Rishi - 2021
The COVID-19 pandemic has accelerated the shift toward digital services. Meanwhile, the race for technological and economic leadership has heated up, with risks of decoupling that could set back trade and growth and hinder the recovery from the worst global recession since the Great Depression....
Persistent link: https://www.econbiz.de/10013252019
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It's Not What You Make, It's How You Use it : Measuring the Welfare Benefits of the it Revolution Across Countries
Bayoumi, Tamim; Haacker, Markus - 2021
This paper analyzes the welfare benefits from falling relative prices of IT (information technology) goods across a wide range of countries. We find, using two separate methodologies and datasets, that welfare benefits mainly accrue to users of IT, not their producers, because of falling...
Persistent link: https://www.econbiz.de/10013317887
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Technological Progress, Artificial Intelligence, and Inclusive Growth
Korinek, Anton; Schindler, Martin; Stiglitz, Joseph - 2022
Advances in artificial intelligence and automation have the potential to be labor-saving and to increase inequality and poverty around the globe. They also give rise to winner-takes-all dynamics that advantage highly skilled individuals and countries that are at the forefront of technological...
Persistent link: https://www.econbiz.de/10013306791
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Productivity Growth and Structural Reform in Bulgaria : Restarting the Convergence Engine
Mitra, Pritha - 2012
Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality …
Persistent link: https://www.econbiz.de/10013102273
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Caribbean Growth in an International Perspective : The Role of Tourism and Size
Thacker, Nita - 2014
is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant … contributor to higher growth (through both capital accumulation and productivity) and lower output volatility, and in many … are islands have limited growth. Policies aimed at improving productivity, further development of the tourism sector, and …
Persistent link: https://www.econbiz.de/10013065148
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Macroeconomic Policy, Product Market Competition, and Growth : The Intangible Investment Channel
Ahn, JeaBin - 2020
While there is growing evidence of persistent or even permanent output losses from financial crises, the causes remain unclear. One candidate is intangible capital - a rising driver of economic growth that, being non-pledgeable as collateral, is vulnerable to financial frictions. By sheltering...
Persistent link: https://www.econbiz.de/10012840222