Showing 1 - 10 of 149
This paper investigates the main postulations of the R&D based growth models that innovation is created in the R&D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of R&D. The analysis employs various panel data techniques and...
Persistent link: https://www.econbiz.de/10014401529
, increases in patent stock tend to be associated with higher productivity growth among SOEs, especially for patents with lower …, and more interestingly, total factor productivity and new product revenue share. Event studies using first-time patentees … (SOEs) on average have lower level of productivity and are less innovative compared to their non-state-owned peers …
Persistent link: https://www.econbiz.de/10011716316
productivity and that they impact the degree of R&D spillovers …
Persistent link: https://www.econbiz.de/10014400689
This paper highlights key issues pertinent for the understanding of international effects of domestic tax policies and of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the analysis of international economic interdependence focusing on...
Persistent link: https://www.econbiz.de/10014396181
The waning of the commodity boom places renewed emphasis on manufacturing as an engine for Canadian growth. However, Canadian manufacturing exports have been relatively stagnant since 2000. While the exchange rate depreciation over the past two years has energized export growth, the response has...
Persistent link: https://www.econbiz.de/10011715425
This paper provides empirical evidence on the response of labor productivity to the arrival of new inventions. The … analysis shows that labor productivity may temporarily fall below trend after technological progress. However, the effects on … productivity differ between the pre- and post-World War II periods. The pre-war period shows evidence of a productivity slowdown as …
Persistent link: https://www.econbiz.de/10014401355
Using cross-country national accounts and firm-level data, we document a broad-based trend in rising gross saving and net lending of non-financial corporates across major industrialized countries over the last two decades, though most pronounced in countries with persistent current account...
Persistent link: https://www.econbiz.de/10011978446
We document a broad-based trend in rising cash holdings of firms across major industrialized countries over the last two decades, a trend that is most pronounced for firms engaged strongly in R and D activities. Our contributions to the literature are twofold. First, we develop a simple model...
Persistent link: https://www.econbiz.de/10012001582
It takes many years for more efficient electronic payments to be widely used, and the fees that merchants (consumers) pay for using those services are increasing (decreasing) over time. We address these puzzles by studying payments system evolution with a dynamic model in a twosided market...
Persistent link: https://www.econbiz.de/10012009590
This paper examines a country''s incentives for intellectual property rights (IPR) protection in a global trading environment. There is a time inconsistency problem intrinsic to IPR protection: ex ante strong protection is warranted to promote innovation, but once discovery takes place there is...
Persistent link: https://www.econbiz.de/10014401239