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The Endogenous Skill Bias of Technical Change and Inequality in Developing Countries

Behar, Alberto - 2013

This paper draws on existing empirical literature and an original theoretical model to argue that globalization and skill supply affect the extent to which technology adoption in developing countries favors skilled workers. Developing countries are experiencing technical change that is...

Persistent link: https://www.econbiz.de/10014395381

Tracing productivity growth channels in the UK

Garcia-Macia, Daniel; Korosteleva, Julia - 2021

What drove the UK productivity slowdown post-GFC, and how is the post-Covid recovery expected to differ? This paper traces the sources of TFP growth in the UK over the last two decades through the lens of a structural model of innovation, using registry data on the universe of firms. The...

Persistent link: https://www.econbiz.de/10012795165

Institutions, innovations, and Growth

Xu, Chenggang - 1999

&D), which are endogenized through financial institutions. The theory and its results shed lights on the debate of convergence …

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

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

Intangible investment and low inflation : a framework and some evidence

Lall, Subir; Zeng, Li - 2020

Intangible investment is growing as a share of economic activity. We present a simple framework incorporating its … distinguishing characteristic of generally greater scalability and lower marginal costs than tangible investment. We show evidence … large constituent of intangible investment, may be leading to wage stagnation and greater market concentration …

Persistent link: https://www.econbiz.de/10012302067

Financial crises, investment slumps, and slow recoveries

Cerra, Valerie; Hakamada, Mai; Lama C., Ruy - 2021

particular focus on the role played by financial frictions and investment dynamics. The paper provides two main contributions …. First, we empirically document that lower investment during financial crises is the key factor leading to permanent loss of …

Persistent link: https://www.econbiz.de/10012610732

To ""B"" or Not to ""B"" : A Welfare Analysis of Breaking Up Monopolies in an Endogenous Growth Model

Xie, Danyang - 2000

This paper studies the welfare consequences of a government regulation that forces a patented equipment to be supplied by a number of independent producers. On the one hand, such a regulation hurts the value of a patent and therefore reduces activities in the R&D sector. On the other hand, the...

Persistent link: https://www.econbiz.de/10014399731

International R and D Spillovers and Institutions

Hoffmaister, Alexander W. - 2008

The empirical analysis in ""International R&D Spillovers"" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in...

Persistent link: https://www.econbiz.de/10014400689

Investment : Specific Technology Shocks and International Business Cycles: An Empirical Assessment

International Monetary Fund - 2010

In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international … the relative price of investment to build and estimate these IST processes across the U.S and a ""rest of the world …

Persistent link: https://www.econbiz.de/10014397271