This paper investigates whether returns to domestic R&D and international R&D spillovers should be estimated without considering the heterogeneous impact of unobserved common shocks, as has been done by the literature in this area. Using a panel of 50 economies from 1970-2011, I find that when...

This document provides a review of the literature on International R&D Spillovers and includes unit root test results, the additional results of static and dynamic models, plots of all series, Stata routines, and tables of the data collection on Gross Expenditure on R&D (GERD) as a percentage of...

Studies which are based on Coe and Helpman (1995) and use weighted foreign R&D variables to estimate channel-specific R&D spillovers disregard the interaction between international R&D spillovers and other unobserved common spillovers and shocks. Using a panel of 50 economies from 1970-2011, we...

The paper presents a quantification of Spanish productivity performance over the last two decades –with a special mention to the role played by Information and Communication Technologies (ICT). It makes use of the capital service data -recently released by the BBVA Foundation- exploiting its...

This study attempts to give an insight about the trend in the performance of the Turkish banking sector by conducting a panel data fixed effects regression analysis. The results reveal that efficiency change is negatively related to the number of branches. We find a positive relationship between...

We study labor productivity in agriculture within a two-region, two factor and two commodity economy. Increases in productivity can lead to higher or to lower agricultural prices, depending on the internal structure of the economy. We give necessary and sufficient conditions for either outcome;...

I examine the effect of age-distribution of the society on economic growth through technological progress. I build a multisector economy model that involves population pyramid. I characterize the steady-state of the model for low and high population growth rate. Higher population growth rate...

The main purpose of the paper is to analyze GDP PPP per capita growth rates across countries in the period 1980-2008, as well as to identify top and bottom country performers. In addition, the author verifies the statistical relationship between GDP PPP per capita and some arbitrary selected...

In this paper we study the efficiency and total factor productivity growth of Italian regions by implementing a bootstrap Data Envelopment Analysis method. This approach allows us to perform a sensitivity analysis of the efficiency scores at regional level, in which human capital is included...