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The impact of environmental policy on innovation in clean technologies

Eugster, Johannes - 2021

This paper studies the effect of climate change mitigating policies on innovation in clean energy technologies. Results … significant contribution to the increase in clean innovation. These effects generally materialized quickly, within 2 to 3 years of … at electricity innovation in particular, the paper finds that the estimated effect on total innovation is positive on net …

Persistent link: https://www.econbiz.de/10012605122

The return of the policy that shall not be named : principles of industrial policy

Chérif, Réda; Hasanov, Fuad - 2019

Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be...

Persistent link: https://www.econbiz.de/10012010001

External Imbalances and Fiscal Policy in the Group of Three Countries : The Role of Stock-Flow Dynamics

International Monetary Fund - 1989

This paper discusses recent empirical research on the interplay between fiscal policies and external imbalances in the G3 countries, focusing on the stock-flow dynamics of public and foreign deficits and debt accumulation

Persistent link: https://www.econbiz.de/10014395805

Net Foreign Assets and International Adjustment : The United States, Japan, and Germany

Horne, Jocelyn - 1993

This paper examines external adjustment in the United States, Japan and Germany from the perspective of net foreign asset positions. It asks two questions: What are, in the long run, the determinants of net foreign asset equilibrium? and: What are, in the short run, some of the adjustment...

Persistent link: https://www.econbiz.de/10014396316

Net Foreign Assets and International Adjustment in the United States, Japan and the Federal Republic of Germany

International Monetary Fund - 1989

This paper examines external adjustment in the U.S., Japan and Germany from the perspective of net foreign asset positions. It asks two questions: What are, in the long run, the determinants of net foreign asset equilibrium? and: What are, in the short run, the adjustment mechanisms sustaining...

Persistent link: https://www.econbiz.de/10014396281

Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model

Laxton, Douglas - 1998

This paper examines how endogenizing technological progress in a multicountry macroeconometric model affects the analysis of fiscal policies. It uses an expanded version of the IMF’s multicountry model, MULTIMOD, in which total factor productivity (TFP) is endogenized as a function of domestic...

Persistent link: https://www.econbiz.de/10014403417

Institutions, innovations, and Growth

Xu, Chenggang - 1999

The fundamental importance of economic institutions for economic growth through their impact on technological change has been argued, reconfirmed by recent empirical studies, but not examined theoretically. This paper tries to fill that gap. In the model proposed, economic growth is affected by...

Persistent link: https://www.econbiz.de/10014403467

Technological Adaptation, Trade, and Growth

Chong, Alberto - 2000

This paper extends Grossman and Helpman’s seminal work (1991), and presents an endogenous growth model where innovations created in a high-tech sector may be assimilated or adapted by a low-tech sector. Applying a simple Heckscher-Ohlin framework, the effects of technological diffusion are...

Persistent link: https://www.econbiz.de/10014403519

How does profit shifting affect the balance of payments?

Hebous, Shafik; Klemm, Alexander; Wu, Yuou - 2021

Profit shifting by multinational enterprises-through manipulation of transfer prices of related-party trade, intragroup lending, or the location of intangibles-affects international flows, raising the question of its impact on the current account and external balances. This paper approaches this...

Persistent link: https://www.econbiz.de/10012518311

Are bilateral trade balances irrelevant?

Eugster, Johannes L.; Jaumotte, Florence; MacDonald, Margaux - 2020

Based on an empirical gravity model of sectoral bilateral trade, we uncover three features of bilateral trade balances. First, the difficulty of gravity models in fitting the observed level of bilateral balances is likely due to the presence of unobservable bilateral trade costs. Second, the...

Persistent link: https://www.econbiz.de/10012391997

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