(FDI). Plant-specific intangible capital in foreign subsidiaries is expensed abroad, lowering current profits on FDI and … increasing future profits. We develop a multicountry general equilibrium model with an essential role for FDI and apply the BEA …

out: (1) growth in parent and affiliate capital are the most important sources of growth, with FDI contributing more to …. In this paper, I use this framework to guide the growth accounting decomposition and clarify the relationship between … capital growth and overall firm growth. A semiparametric technique is used to correct for the usual bias that afflicts …

(FDI) between the years of 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to significant … productivity gains for domestic firms. The size of FDI spillovers is economically important, accounting for about 14% of … productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for imports-related spillovers, but it …

technological information. FDI is an alternate, potentially equally important channel for the mediation of such knowledge spillovers … directly test the hypothesis that FDI is a channel of knowledge spillovers for Japanese multinationals undertaking direct … investments in the United States. Using an original firm-level data set on Japanese firms' FDI and innovative activity find …

This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a … partially correlated with long-term growth and another five variables to be marginally related. Of all the variables considered …

that annual income growth would rise by 1.7 percentage points. Applying our estimates to a distribution of "business as … usual" climate change projections indicates that warmer daily temperatures will lower annual growth by 0.06-0.16 percentage …

United States is a Democrat rather than a Republican. For many measures, including real GDP growth (on which we concentrate … explanations are examined but fail to explain the partisan growth gap …

Over the past 15 years, labor-quality growth has been very strong—defying nearly all earlier projections—and has added … considerably less and may even be a drag on productivity growth in the medium term. Using a variety of methods, we project that … potential labor-quality growth in the longer run (7 to 10 years out) is likely to fall in the range of 0.1 to 0.25 percent per …

The dismal decade of 2010-19 recorded the slowest productivity growth of any decade in U.S. history, only 1.1 percent … per year in the business sector. Yet the pandemic appears to have created a resurgence in productivity growth with a 4 ….1 percent rate achieved in the four quarters of 2020. This paper provides a unified framework that explains productivity growth …