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Openness, Technology Capital, and Development

McGrattan, Ellen R. - 2010

In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains from opening to foreign direct investment. A firm's technology capital is its unique know-how from investing in research and development, brands, and organization capital. What...

Persistent link: https://www.econbiz.de/10012759771

Technology and the Demand for Skill : An Analysis of within and between Firm Differences

Abowd, John M. - 2010

We estimate the effects of technology investments on the demand for skilled workers using longitudinally integrated employer-employee data from the U.S. Census Bureau's Longitudinal Employer-Household Dynamics Program infrastructure files spanning two Economic Censuses (1992 and 1997). We...

Persistent link: https://www.econbiz.de/10012760169

Implementing Technology

Comin, Diego - 2010

We introduce a tractable model of endogenous growth in which the returns to innovation are determined by the technology adoption decisions of the users of new technologies. Technology adoption involves an implementation investment that determines the initial productivity of a new technology....

Persistent link: https://www.econbiz.de/10012760401

World Technology Usage Lags

Comin, Diego - 2010

as they are used in the countries in our sample. We denote these time lags as technology usage lags and compare them with … lags in real GDP per capita. We find that (i) technology usage lags are large, often comparable to lags in real GDP per … capita, (ii) usage lags are highly correlated with lags in per-capita income, and (iii) usage lags are highly correlated …

Persistent link: https://www.econbiz.de/10012760552

What Do Technology Shocks Do?

Shea, John - 2010

The real business cycle literature has largely ignored the empirical question of what role technology shocks actually play in business cycles. The observed procyclicality of total factor productivity (TFP) does not prove that technology shocks are important to business cycles, since demand...

Persistent link: https://www.econbiz.de/10012763598

Management as a Technology?

Bloom, Nicholas - 2016

Are some management practices akin to a technology that can explain firm and national productivity, or do they simply reflect contingent management styles? We collect data on core management practices from over 11,000 firms in 34 countries. We find large cross-country differences in the adoption...

Persistent link: https://www.econbiz.de/10012989131

Macroeconomics of Persistent Slumps

Hall, Robert E. - 2016

In modern economies, sharp increases in unemployment from major adverse shocks result in long periods of abnormal unemployment and low output. This chapter investigates the processes that account for these persistent slumps. The data are from the economy of the United States, and the discussion...

Persistent link: https://www.econbiz.de/10012992651

Long-Term Barriers to Economic Development

Spolaore, Enrico - 2015

What obstacles prevent the most productive technologies from spreading to less developed economies from the world's technological frontier? In this paper, we seek to shed light on this question by quantifying the geographic and human barriers to the transmission of technologies. We argue that...

Persistent link: https://www.econbiz.de/10013035176

A Tractable Framework for Analyzing a Class of Nonstationary Markov Models

Maliar, Lilia - 2015

We study a class of infinite-horizon nonlinear dynamic economic models in which preferences, technology and laws of motion for exogenous variables can change over time either deterministically or stochastically, according to a Markov process with time-varying transition probabilities, or both....

Persistent link: https://www.econbiz.de/10013022923

Women and Stem

Kahn, Shulamit - 2017

Researchers from economics, sociology, psychology, and other disciplines have studied the persistent under-representation of women in science, technology, engineering, and mathematics (STEM). This chapter summarizes this research. We argue that women's under-representation is concentrated in the...

Persistent link: https://www.econbiz.de/10012953976