Showing 1 - 10 of 292
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
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
This paper analytically explores and empirically tests a number of hypotheses to explain the rapid growth in transition economies. The paper finds that growth in the Commonwealth of Independent States (CIS) has been higher because of the recovery of lost output, progress in macroeconomic...
Persistent link: https://www.econbiz.de/10014400219
This paper studies the main determinants of total factor productivity (TFP) growth using principal component analysis … rationalizing government size, shifting resources from low-productivity sectors to higher ones, and encouraging women to enter the …
Persistent link: https://www.econbiz.de/10014402271
This paper assesses whether corporate liquidity needs in the G7 economies were met during the containment phase of the COVID-19 pandemic (February-June 2020) using various approaches to identify credit supply shocks. The pandemic crisis adversely affected nonfinancial corporate sector cash...
Persistent link: https://www.econbiz.de/10012518978
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
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
, 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 …, increases in patent stock tend to be associated with higher productivity growth among SOEs, especially for patents with lower …
Persistent link: https://www.econbiz.de/10011716316
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