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modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this … productivity and that they impact the degree of R&D spillovers …
Persistent link: https://www.econbiz.de/10014400689
We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment … (FDI) between 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity … productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for import-related spillovers, but it …
Persistent link: https://www.econbiz.de/10014403965
The paper provides estimates of the long-run, tax-adjusted, user cost elasticity of capital (UCE) in a small open economy, exploiting three sources of variation in Canadian tax policy: across provinces, industries, and years. Estimates of the UCE with Canadian data are less prone to the...
Persistent link: https://www.econbiz.de/10012251411
are considered separately along with labor as inputs. The estimation is based on our newly developed dataset on public and …
Persistent link: https://www.econbiz.de/10012154588
The paper develops a methodology based on the production-function approach to estimate potential output of the Polish economy. The paper concentrates on obtaining a robust estimate of the labor input by deriving Poland''s natural rate of unemployment. The estimated unemployment gap is found to...
Persistent link: https://www.econbiz.de/10014404320
assumption of a one-period perturbation in the capital stock. Instead it allows a permanent investment. While this may appear a … the original EATR: despite the assumption of a one-period investment, the original measure is informative about long …
Persistent link: https://www.econbiz.de/10014401478
The knowledge production function is central to R&D-based growth models. This paper empirically investigates the knowledge production function and intertemporal spillover effects using cointegration techniques. Time-series evidence suggests there are two long-run cointegrating relationships. The...
Persistent link: https://www.econbiz.de/10014400700
enterprises, on the allocation of talent, and on investment. It also discusses the impact of corruption on some aspects of public …
Persistent link: https://www.econbiz.de/10014403515
The literature on the investment technology of foreign versus domestic investors has inconclusive results. This paper …
Persistent link: https://www.econbiz.de/10014395250
Over the past two decades, the growth rate of outward foreign direct investment (FDI) from developing and transition …, it is important to assess how domestic investment responds to such outflows. This study empirically examines the effects … of outward FDI on domestic investment in developing countries. Using data from 121 developing and transition economies …
Persistent link: https://www.econbiz.de/10014395382