productivity and that they impact the degree of R&D spillovers …

and liabilities (such as trade imbalances, investment income flows, and capital gains) for major external creditors and … the weight of U.S. liabilities in the rest of the world''s stock of external assets. Finally, it relates the empirical …

as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital …

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

We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment … (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 …

Domestic savings and investment are positively correlated across countries and through time, as Feldstein-Horioka (FH … relationship is causal: an exogenous rise in savings increases investment. This result holds in the full sample of countries and … not total investment directly. Specifically, we use the share of adults in the [35-49] years of age bracket as an …