(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 …

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 …

This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well … as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital … (CPMG) methodology of Pesaran et al. (1999) for estimation. The latter takes account of cross-country heterogeneity and …

productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a …

the world, (ii) invest in foreign assets, and (iii) receive foreign direct investment (FDI). The model is calibrated on 32 …

fluctuations in real commodity prices. Increased exchange rate volatility calls for a better understanding of these relations. To … multi-country model, with world market clearing, which incorporates speculative and non-speculative demands for inventories … matters, and that supply and demand elasticities are important in determining the commodity price in world markets above and …

We investigate the long-run relationship between the real exchange rate, traded and nontraded productivity levels, and … find that in 1991 (the last year productivity data are available) there is less overvaluation of the U.S. dollar than that …