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The present paper studies the relationship between R&D investment and firm productivity growth by explicitly accounting … for non-linearities in the R&D-productivity relationship and inter-sectoral firm heterogeneity. In order to address these … issues, we employ a two step estimation approach, and match two firm-level panel data sets for the OECD countries, which …
Persistent link: https://www.econbiz.de/10010319727
Hartwig (2008) has presented empirical evidence that the difference between real wage growth and productivity growth at …
Persistent link: https://www.econbiz.de/10010319714
This paper analyses how exchange rate shocks are transmitted at the firm level and establishes a nexus to firm-level export activity. Using precise survey data from a sample of Swiss firms, I find that an appreciation increases the probability of a decrease in firm-level costs, prices and...
Persistent link: https://www.econbiz.de/10010319717
Persistent link: https://www.econbiz.de/10010285911
to the share of the term in office elapsed, political and regime instability, the occurrence of elections, and inflation … independence. This is confirmed in models for cross-section inflation in which TOR becomes insignificant once its endogeneity is …
Persistent link: https://www.econbiz.de/10010277741
When analyzing the impact of international organizations on the environment, two main issues arise. First, we have to quantify the participation of the organizations on countries they deal with. Second, the environmental impact of this involvement has to be measured. This paper attempts to do...
Persistent link: https://www.econbiz.de/10010285927
NGOs play an important role in international development cooperation, but the allocation of NGO aid has rarely been mapped, let alone explained. Based on a representative dataset for 61 important NGOs from various OECD countries, we analyze the targeting of NGO aid across a large number of...
Persistent link: https://www.econbiz.de/10010277421
From a theoretical perspective, the output gap is probably the most comprehensive and convincing concept to describe the cyclical position of an economy. Unfortunately, for practical purposes, the concept depends on the determination of potential output, which is an inherently unobservable...
Persistent link: https://www.econbiz.de/10010277761
Against the backdrop of Baumol's model of unbalanced growth, a recent strand of literature has presented models that manage to reconcile structural change with Kaldor's stylized fact of the relative constancy of per-capita GDP growth. Another strand of literature goes beyond this, arguing that...
Persistent link: https://www.econbiz.de/10010277772
Major DAC donors are widely criticized for weak targeting of aid, selfish aid motives and insufficient coordination. The emergence of an increasing number of new donors may further complicate the coordination of international aid efforts. On the other hand, new donors (many of which were aid...
Persistent link: https://www.econbiz.de/10010278175