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Misallocation, Economic Growth, and Input-Output Economics
Jones, Charles I. - 2011
at the micro level typically reduces total factor productivity at the macro level. Quantifying these effects is leading …
Persistent link: https://www.econbiz.de/10013130964
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Relative Prices and Sectoral Productivity
Duarte, Margarida - 2017
The relative price of services rises with development. A standard interpretation of this fact is that productivity …-country income elasticity of sectoral productivity is large in non-traditional services (1.15), smaller in manufacturing (1.05) and … much smaller in traditional services (0.67). Eliminating cross-country productivity differences in non-traditional services …
Persistent link: https://www.econbiz.de/10012944629
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The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy
Caliendo, Lorenzo - 2014
We study the impact of intersectoral and interregional trade linkages in propagating disaggregated productivity changes … of measured TFP, GDP, and employment to regional and sectoral productivity changes. We find that the elasticities vary …
Persistent link: https://www.econbiz.de/10013053162
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Irreversible Investment, Capital Costs and Productivity Growth : Implications for Telecommunications
Bernstein, Jeffrey I. - 2010
to invest in telecommunications. Results indicate that the irreversibility premium raises the opportunity cost of capital … therefore average annual observed productivity growth overestimated the corrected rate by 33 percent …
Persistent link: https://www.econbiz.de/10012759928
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What the Government Purchases Multiplier Actually Multiplied in the 2009 Stimulus Package
Cogan, John F. - 2010
Much of the recent economic debate about the impact of stimulus packages has focused on the size of the crucial government purchases multiplier. But equally crucial is the size of the government purchases multiplicand--the change in government purchases of goods and services that the multiplier...
Persistent link: https://www.econbiz.de/10013136548
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Trade in Intermediate Inputs and Business Cycle Comovement
Johnson, Robert C. - 2012
-comovement regressions in simulated data. With correlated productivity shocks, the model yields high trade- comovement correlations for goods …
Persistent link: https://www.econbiz.de/10013103528
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Supply-Chain Trade : A Portrait of Global Patterns and Several Testable Hypotheses
Baldwin, Richard - 2013
The trade linked to international production networks - supply-chain trade for short - is associated with momentous global economic changes. This paper presents a portrait of the global pattern of supply-chain trade and how it has evolved since 1995. The paper draws on a variety of data sources...
Persistent link: https://www.econbiz.de/10013083394
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Quantifying International Production Sharing at the Bilateral and Sector Levels
Wang, Zhi - 2013
This paper generalizes the gross exports accounting framework, initially proposed by Koopman, Wang, and Wei (2014) for a country's aggregate exports, to one at the sector, bilateral, and bilateral-sector levels. Such a generalization requires a conceptual distinction between value added exports...
Persistent link: https://www.econbiz.de/10013072571
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Internalizing Global Value Chains : A Firm-Level Analysis
Alfaro, Laura - 2015
well as by the firm's productivity. Our results suggest that contractual frictions play an important role in shaping the …
Persistent link: https://www.econbiz.de/10013014670
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Does Foreign Entry Spur Innovation?
Gorodnichenko, Yuriy - 2015
Using large firm-level and industry-level data sets from eighteen countries, we find that foreign direct investment (FDI) and trade have positive spillover effects on product and technology innovation by domestic firms in emerging markets. The FDI effect is more pronounced for firms from...
Persistent link: https://www.econbiz.de/10013015978