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Trade Integration, Global Value Chains, and Capital Accumulation
Sposi, Michael; Yi, Kei-Mu; Zhang, Jing - 2022
Motivated by increasing trade and fragmentation of production across countries, accompanied by income convergence by many emerging economies, we build a dynamic two-country model featuring sequential, multi-stage production and capital accumulation. As trade costs decline over time,...
Persistent link: https://www.econbiz.de/10014090771
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ICT, R&D and Organizational Innovation : Exploring Complementarities in Investment and Production
Mohnen, Pierre - 2018
, and the effects of different investment profiles on total factor productivity growth on Dutch firm-level data. We estimate … an integrated model of investment profile adoption and total factor productivity growth. We find that the three … investment decisions are complementary, in the sense that investing in one increases the probability of investing in another one …
Persistent link: https://www.econbiz.de/10012911090
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Upstream Product Market Regulations, ICT, R&D and Productivity
Cette, Gilbert - 2015
Our study aims at assessing the actual importance of the two main channels usually contemplated in the literature through which upstream sector anticompetitive regulations may impact productivity growth: business investments in R&D and in ICT. We thus estimate what are the specific impacts of...
Persistent link: https://www.econbiz.de/10013034911
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Information Technology and the Japanese Economy
Jorgenson, Dale W.; Motohashi, Kazuyuki - 2021
product devoted to investment in computers, telecommunications equipment, and software rose sharply after 1995. The …
Persistent link: https://www.econbiz.de/10013210551
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Productivity, Computerization, and Skill Change
Wolff, Edward N. - 2021
United States, I find no econometric evidence that computer investment is positively linked to TFP growth (over and above its …
Persistent link: https://www.econbiz.de/10013313640
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The Rise in Firm-Level Volatility : Causes and Consequences
Comin, Diego A. - 2012
We document that the recent decline in aggregate volatility has been accompanied by a large increase in firm level risk. The negative relationship between firm and aggregate risk seems to be present across industries in the US, and across OECD countries. Firm volatility increases after...
Persistent link: https://www.econbiz.de/10013102061
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Organizing the Global Value Chain
Antras, Pol - 2012
We develop a property-rights model of the firm in which production entails a continuum of uniquely sequenced stages. In each stage, a final-good producer contracts with a distinct supplier for the procurement of a customized stage-specific component. Our model yields a sharp characterization for...
Persistent link: https://www.econbiz.de/10013104981
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How Firms Export : Processing vs. Ordinary Trade with Financial Frictions
Manova, Kalina - 2014
The fragmentation of production across borders allows firms to make and export final goods, or to perform only intermediate stages of production by processing imported inputs for re-exporting. We examine how financial frictions affect companies' choice between processing and ordinary trade –...
Persistent link: https://www.econbiz.de/10013065018
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Internalizing Global Value Chains : A Firm-Level Analysis
Alfaro, Laura - 2015
In recent decades, advances in information and communication technology and falling trade barriers have led firms to retain within their boundaries and in their domestic economies only a subset of their production stages. A key decision facing firms worldwide is the extent of control to exert...
Persistent link: https://www.econbiz.de/10013014670
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On the Geography of Global Value Chains
Antras, Pol - 2017
This paper develops a multi-stage general-equilibrium model of global value chains (GVCs) and studies the specialization of countries within GVCs in a world with barriers to international trade. With costly trade, the optimal location of production of a given stage in a GVC is not only a...
Persistent link: https://www.econbiz.de/10012955438