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International Trade, Foreign Direct Investment, and Technology Spillovers

Keller, Wolfgang - 2014

This paper examines how international flows of technological knowledge affect economic performance across industries and firms in different countries. Motivated by the large share of the world's technology investments made by firms that are active across borders, we focus on international trade...

Persistent link: https://www.econbiz.de/10013070643

China's Growing Economic Activity in Africa

Besada, Hany - 2008

Trade between the whole of Africa and China (imports and exports summed) grew from $10.6 billion to $73.3 billion … between 2000 and 2007, and between Sub-Saharan Africa and China from $7 billion to $59 billion over the same period. China is … now Africa's third largest trading partner behind the EU and the US. The Chinese FDI stock in Africa has grown from $49 …

Persistent link: https://www.econbiz.de/10012771826

Technology and Trade

Grossman, Gene M.; Helpman, Elhanan - 2021

We survey research on the relationship between technology and trade. We begin with the old literature, which treated the state of technology as exogenous and asked how changes in technology affect the trade pattern and welfare. Recent research has attempted to endogenize technological progress...

Persistent link: https://www.econbiz.de/10013223065

Endogenous Product Cycles

Grossman, Gene M.; Helpman, Elhanan - 2021

We construct a model of the product cycle featuring endogenous innovation and endogenous technology transfer. Competitive entrepreneurs in the North expend resources to bring out new products whenever expected present discounted value of future oligopoly profits exceeds current product...

Persistent link: https://www.econbiz.de/10013223071

Technology, Trade, and Wages

Adams, James D. - 2021

Considerable effort has been devoted in recent years to the description of wage structure. This research has documented a rising return to education, unobserved skill, and work experience, but there is little research into causes of the change in structure. This paper seeks to fill the gap by...

Persistent link: https://www.econbiz.de/10013237013

Trade and Transmission of Technology

Keller, Wolfgang - 2021

We present a model of R&D-driven growth which predicts that technology, in the form of product designs and created through R&D investments, is transmitted to other domestic and foreign sectors by being embodied in differentiated intermediate goods. Empirical results are presented employing data...

Persistent link: https://www.econbiz.de/10013239935

Investment-Horizon Spillovers

Chinco, Alex - 2017

This paper uses wavelets to decompose each stock's trading-volume variance into frequency-specific components. We find that stocks dominated by short-run fluctuations in trading volume have abnormal returns that are 1% per month higher than otherwise similar stocks where short-run fluctuations...

Persistent link: https://www.econbiz.de/10012950057

Networks and the Macroeconomy : An Empirical Exploration

Acemoglu, Daron - 2015

The propagation of macroeconomic shocks through input-output and geographic networks can be a powerful driver of macroeconomic fluctuations. We first exposit that in the presence of Cobb-Douglas production functions and consumer preferences, there is a specific pattern of economic transmission...

Persistent link: https://www.econbiz.de/10013019498

Spinning the Web : The Impact of ICT on Trade in Intermediates and Technology Diffusion

Juhász, Réka - 2018

This paper studies how information and communication technology (ICT) improvements affect trade along the value chain and international technology diffusion. We examine the impact of a revolutionary technology, the roll-out of the global telegraph network, on the 19th century cotton textile...

Persistent link: https://www.econbiz.de/10012919320

Geographic Localization of International Technology Diffusion

Keller, Wolfgang - 2021

Convergence in per capita income across countries turns on whether technological knowledge spillover are global or local. This paper estimates the amount of spillover from R&D expenditures in major industrialized countries on a geographic basis. A new data set is used which encompasses most of...

Persistent link: https://www.econbiz.de/10013220079