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Investment in research and development (R&D) affects a country's total factor productivity. Recently new theories of … total factor productivity of its trade partners. Following these theoretical developments we estimate the effects of a … country's R&D capital stock and the R&D capital stocks of its trade partners on the country's total factor productivity. We …
Persistent link: https://www.econbiz.de/10013246064
institutional variables, such as legal origin and patent protection, in order to allow for parameter heterogeneity based on a … total factor productivity and that they impact the degree of Ramp;D spillovers …
Persistent link: https://www.econbiz.de/10012759295
&D investment: (1) Are there diminishing returns to inventive activities? (2) What is the relationship between R&D and productivity … output and precise measurement of the inputs to the inventive process. Patent counts are often considered as a measure of … between R&D expenditures and growth of output or total factor productivity. The relation is pervasive, though the magnitudes …
Persistent link: https://www.econbiz.de/10013249157
that their functional form of how foreign R&D affects domestic productivity via imports is probably incorrect. We provide …
Persistent link: https://www.econbiz.de/10013221859
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
effect of spillovers on research productivity of firms exceeds the structural effect because it includes an active learning …This paper explores the implications of a simple model of learning and innovation by firms. In this model R … expenditures and internal research expenditures. The findings are consistent with the view that learning expenditures transmit the …
Persistent link: https://www.econbiz.de/10013311190
the research lab and `technological' distance between the product-field focus of the R&D and the plants; (2) productivity … productivity. We investigate these phenomena further by examining the relationship between plant-level productivity and firm …-level R&D. We find that (1) the productivity-enhancing effects of parent firm R&D are diminished by geographic distance from …
Persistent link: https://www.econbiz.de/10013137603
intermediates are invented through costly research and development (R&D) investments, employing imported intermediates implies an … countries matters for productivity, because a country that imports primarily from technological leaders receives more technology … trade patterns in determining technology flows that affect productivity by using industry level data for machinery goods …
Persistent link: https://www.econbiz.de/10013248239
estimation is over panel datasets of patent grants, and unpatented innovations that were submitted for prizes at the annual … hypothesis of spatial autocorrelation in patenting and in the exhibited innovations. In keeping with the contract theory of … hypothesize that the difference partly owes to the design of patent institutions, which explicitly incorporate mechanisms for …
Persistent link: https://www.econbiz.de/10013040530
We study how cross-country macroeconomic spillovers caused by sovereign default affect equilibrium bailouts. Because of portfolio diversification, the default of one country causes a macroeconomic contraction also in other countries. This generates a self-interest for these other countries to...
Persistent link: https://www.econbiz.de/10012911465