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Business Cycles, Investment Shocks, and the "Barro-King" Curse
Ascari, Guido - 2017
Recent empirical evidence identifies investment shocks as key driving forces behind business cycle fluctuations … between consumption growth and investment growth, a weak positive unconditional correlation between consumption growth and … short-run contractionary effect a positive investment shock on consumption. Such counterfactual co-movements are typical of …
Persistent link: https://www.econbiz.de/10012966936
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International Trade, Foreign Direct Investment, and Technology Spillovers
Keller, Wolfgang - 2014
discussion is guided by a new model of foreign direct investment, trade, and endogenous technology transfer. We find evidence for …
Persistent link: https://www.econbiz.de/10013070643
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Adoption Curves and Social Interactions
Brock, William A. - 2010
This paper considers the observational implications of social influences on adoption decisions for an environment of perfect foresight adopters. We argue that social influences can produce two observable effects: 1) discontinuities in unconditional adoption curves and 2) pattern reversals in...
Persistent link: https://www.econbiz.de/10013152509
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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
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International Technology Diffusion
Keller, Wolfgang - 2021
foreign direct investment; (iii) the spatial distribution of technological knowledge, and (iv) other issues …
Persistent link: https://www.econbiz.de/10013224853
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The Economics of Inefficient Technology Use
Beaudry, Paul - 2012
The adoption and diffusion of technological knowledge is generally regarded as a key element in a country's economic success. However, as is the case with most types of information, the transfer of technological knowledge is likely to be subject to adverse selection problems. In this paper we...
Persistent link: https://www.econbiz.de/10012755309
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An Exploration of Technology Diffusion
Comin, Diego - 2012
We develop and estimate a model where technology diffusion depends on the level of productivity embodied in capital and where this is, in turn, determined by two key mechanisms: the rate at which the quality embodied in new technology vintages increases (embodiment) and the gains from varieties...
Persistent link: https://www.econbiz.de/10012755514
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Technology Diffusion
Stokey, Nancy L. - 2022
The importance of new technologies derives from the fact that they spread across many different users and uses, as well as different geographic regions. The diffusion of technological improvements, across producers within a country and across international borders, is critical for long run...
Persistent link: https://www.econbiz.de/10013308201
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What Explains Skill Upgrading in Less Developed Countries?
Pavcnik, Nina - 2021
for skilled workers during the 1980s, the sources of this trend remain a puzzle. This paper examines whether investment … Chile. Using semiparametric and parametric approaches, I investigate whether plant-level measures of capital and investment …
Persistent link: https://www.econbiz.de/10013311860
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Equilibrium Technology Diffusion, Trade, and Growth
Perla, Jesse - 2015
We study how opening to trade affects economic growth in a model where heterogeneous firms can adopt new technologies already in use by other firms in their home country. We characterize the growth rate using a summary statistic of the profit distribution—the mean-min ratio. Opening to trade...
Persistent link: https://www.econbiz.de/10013029555