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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
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Can international technological diffusion substitute for coordinated global policies to mitigate climate change?
Barrett, Philip - 2021
diffusion this is insufficient to avoid catastrophic climate change. But when innovation can diffuse overseas, long … energy, and later by innovation induced by research subsidies. Green production subsidies are ineffective because they … undermine incentives for innovation …
Persistent link: https://www.econbiz.de/10012610702
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Two-sided market, R&D and payments system evolution
Li, Bin; McAndrews, James Joseph; Wang, Zhu - 2019
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
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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
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Technology and Epidemics
Chong, Alberto - 1999
Evidence from historical and epidemiological literatures show that epidemics tend to spread in the population according to a logistic pattern. We conjecture that the impact of new technologies on output follows a pattern of spread not unlike that of typical epidemics. After reaching a critical...
Persistent link: https://www.econbiz.de/10014400814
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The Role of Inter- and Intraindustry Trade in Technology Diffusion
Hakura, Dalia - 1999
Research shows that international trade is an important channel for the transfer of technology. Building on this evidence, this paper examines the effects of inter- and intraindustry trade on technology transfer. The paper develops and tests the hypothesis that intraindustry trade stimulates...
Persistent link: https://www.econbiz.de/10014400972
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What drives innovation? : lessons from COVID-19 R&D
Agarwal, Ruchir; Gaulé, Patrick - 2021
To examine the drivers of innovation, this paper studies the global R and D effort to fight the deadliest diseases and … and innovation can be very large, as demonstrated by aggregate flow of clinical trials increasing by 38% in 2020, with …, while economists are naturally in favor of market size as a driving force for innovation (i.e.'if the market size is …
Persistent link: https://www.econbiz.de/10012518690
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Lasso regressions and forecasting models in applied stress testing
Chan-Lau, Jorge A. - 2017
Model selection and forecasting in stress tests can be facilitated using machine learning techniques. These techniques have proved robust in other fields for dealing with the curse of dimensionality, a situation often encountered in applied stress testing. Lasso regressions, in particular, are...
Persistent link: https://www.econbiz.de/10011704453
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ABBA : an agent-based model of the banking system
Chan-Lau, Jorge A. - 2017
A thorough analysis of risks in the banking system requires incorporating banks' inherent heterogeneity and adaptive behavior in response to shocks and changes in business conditions and the regulatory environment. ABBA is an agent-based model for analyzing risks in the banking system in which...
Persistent link: https://www.econbiz.de/10011704680
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Seeing in the dark : a machine-learning approach to nowcasting in Lebanon
Tiffin, Andrew - 2016
Macroeconomic analysis in Lebanon presents a distinct challenge. For example, long delays in the publication of GDP data mean that our analysis often relies on proxy variables, and resembles an extended version of the 'nowcasting' challenge familiar to many central banks. Addressing this...
Persistent link: https://www.econbiz.de/10011705448