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productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a …
Persistent link: https://www.econbiz.de/10012677369
Intro -- Contents -- I. INTRODUCTION -- II. DATA -- III. ECONOMETRIC PRELIMINARIES -- IV. "INTERNATIONAL R&D SPILLOVERS" REVISITED -- V. INSTITUTIONS AND INTERNATIONAL R&D SPILLOVERS -- VI. CONCLUSIONS -- APPENDIX A: ALTERNATIVE SPECIFICATION -- APPENDIX B: DATA SOURCES AND DEFINITIONS --...
Persistent link: https://www.econbiz.de/10012682177
We examine the relationship between trade and financial globalization and the rise in inequality in most countries in … recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited … overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction …
Persistent link: https://www.econbiz.de/10014409050
China's equity markets internationalization process started in the early 2000s but accelerated after 2012, when Chinese firms' shares listed in Shanghai and Shenzhen gradually became available to international investors. This paper studies the effects of the post-2012 internationalization events...
Persistent link: https://www.econbiz.de/10015059718
The paper examines the usage of the Renminbi (RMB) as an international payment currency. Globally, the use of RMB remains small, accounting for 2 percent of total cross-border transactions. Using country-level transaction data from Swift** for 2010-21, we find significant regional variations in...
Persistent link: https://www.econbiz.de/10015059540
A self-exciting threshold autoregressive model is used to measure transaction costs that may explain relative price differentials and nonlinearities in the behavior of sectoral real exchange rates across Mexico, Canada and the U.S. Interpreting price threshold bands as transactions costs, we...
Persistent link: https://www.econbiz.de/10014409023
Using a new quarterly panel database on remittances (71 countries over the period 2011Q1- 2020Q4), this paper investigates the elasticity of remittances to transaction costs in a high frequency and dynamic setting. It adds to the literature by systematically exploring the heterogeneity in the...
Persistent link: https://www.econbiz.de/10015060018
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 man …
Persistent link: https://www.econbiz.de/10009659894
supply factors such as productivity gains, materialized after long-fought restructuring efforts during the lost decade …
Persistent link: https://www.econbiz.de/10009620269
-level productivity, focusing on the case of Estonia. We contribute to the literature in two important respects: (i) we look explicitly at …
Persistent link: https://www.econbiz.de/10012677759