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Is military spending converging across countries? : an examination of trends and key determinants

Clements, Benedict J.; Gupta, Sanjeev; Khamidova, Saida - 2019

This paper studies the evolution of worldwide military spending during 1970-2018. It finds that military spending in relation to GDP is converging, but into three separate groups of countries. In the largest group, responsible for 90 percent of worldwide spending, outlays have remained...

Persistent link: https://www.econbiz.de/10012103746

China's productivity convergence and growth potential : a stocktaking and sectoral approach

Zhu, Min; Zhang, Longmei; Peng, Daoju - 2019

transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China's convergence progress in … that China's productivity convergence remains at an early stage, with the industrial sector more advanced than services …-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural …

Persistent link: https://www.econbiz.de/10012154921

The more the merrier? : a machine learning algorithm for optimal pooling of panel data

Bolhuis, Marijn A.; Rayner, Brett - 2020

We leverage insights from machine learning to optimize the tradeoff between bias and variance when estimating economic models using pooled datasets. Specifically, we develop a simple algorithm that estimates the similarity of economic structures across countries and selects the optimal pool of...

Persistent link: https://www.econbiz.de/10012251287

Firm-level data and monetary policy : the case of a middle-income country

Bounader, Lahcen; Doukali, Mohamed - 2019

We test the existence of the balance sheet channel of monetary policy in a middle-income country. Firm-level data scarcity and quality, in such a context, make the identification of this channel a steep challenge. To circumvent this challenge, we use panel instrumental variables estimation with...

Persistent link: https://www.econbiz.de/10012154690

Firm Heterogeneity and Weak Intellectual Property Rights

Watt, Stanley - 2007

In weak intellectual property rights (IPR) environments, the imitation of proprietary technology by domestic firms has become a deterrent for foreign investment. Different multinationals may view this deterrent differently. This paper develops a model where firms with more technology are less...

Persistent link: https://www.econbiz.de/10014400987

Intellectual Property Rights and International RandD Competition

Scandizzo, Stefania - 2001

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

The Embodiment of Intangible Investment Goods : A Q-Theory Approach

Belhocine, Nazim - 2010

This paper extends the q-theory of investment to model explicitly the decision of firms to invest in intangibles and measures the contribution of intangible goods to the overall capital stock in the U.S. The model highlights the embodiment of intangible goods in tangibles and the role of...

Persistent link: https://www.econbiz.de/10014402812

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

Treating Intangible Inputs As Investment Goods : The Impacton Canadian GDP

Belhocine, Nazim - 2009

This paper constructs a data set to document firms'' expenditures on an identifiable list of intangible items and examines the implications of treating intangible spending as an acquisition of final (investment) goods on GDP growth for Canada. It finds that investment in intangible capital by...

Persistent link: https://www.econbiz.de/10014402260

Armenia : an assessment of the real exchange rate and competitiveness

Weber, Anke; Yang, Chunfang - 2011

Persistent link: https://www.econbiz.de/10009488614

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