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values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …
Persistent link: https://www.econbiz.de/10011394520
differences for tax policies between free and controlled migration, and the role of productivity gap …
Persistent link: https://www.econbiz.de/10012462431
summarized to a first order by the current and expected future values of the Solow productivity residual in level and by the …
Persistent link: https://www.econbiz.de/10012463070
We develop a framework in which the host country productivity has a positive effect on the intensive margin (the size …-country productivity has a negative effect on the extensive margin. An increase in the host-country corporate tax rate reduces the actual …
Persistent link: https://www.econbiz.de/10012465560
A positive productivity shock in the host country tends typically to increase the volume of the desired FDI flows to … productivity change on bilateral FDI flows. We also uncover sizeable threshold barriers in our data set and link the analysis to …
Persistent link: https://www.econbiz.de/10012467038
considerations, whereas the second is governed by marginal profitability considerations. A positive productivity shock in the host … productivity conditions). Empirical literature on the determinants of FDI flows which uses the Tobit procedure aims at a correction …
Persistent link: https://www.econbiz.de/10012467825
We argue that unmeasured investments in intangible organizational capital associated with the role of information and communications technology (ICT) as a general purpose technology' can explain the divergent U.S. and U.K. TFP performance after 1995. GPT stories suggest that measured TFP should...
Persistent link: https://www.econbiz.de/10012468688
We develop a simple information-based model of FDI flows in which the abundance of intangible' capital in the source countries, which generates expertise in cream-skimming investment projects in the host countries and enhances FDI flows. Corporate transparency in the host countries, on the other...
Persistent link: https://www.econbiz.de/10012469454
Measured productivity growth increased substantially during the second half of the 1990s. This paper examines whether … productivity growth does appear to arise from an increase in technological change. Cyclical utilization raised measured … productivity growth relative to technology growth in the first part of the expansion, but lowered it subsequently. Factor …
Persistent link: https://www.econbiz.de/10012470361
Productivity rises in booms and falls in recessions. There are four main explanations for this procyclical productivity … procyclical productivity as an essential feature of business cycles because each explanation has important implications for … utilization and resource reallocations are particularly important in explaining procyclical productivity. We also argue that the …
Persistent link: https://www.econbiz.de/10012470796