Showing 1 - 10 of 1,450
I examine the impact of pharmaceutical innovation, as measured by the vintage (world launch year) of prescription drugs …
Persistent link: https://www.econbiz.de/10012460425
We construct a model of the product cycle featuring endogenous innovation and endogenous technology transfer …
Persistent link: https://www.econbiz.de/10012476141
trade affects the incentives for technological advancement. We construct an innovation-based endogenous growth model of … North-South trade. There are two types of innovation: one by the North to upgrade the general purpose technology (GPT) and … estimates where the effects of GPT-driven innovation are eliminated. The share of dynamic gains from trade is about 78% of the …
Persistent link: https://www.econbiz.de/10012480413
We study the distribution of economic activity, as proxied by lights at night, across 250,000 grid cells of average area 560 square kilometers. We first document that nearly half of the variation can be explained by a parsimonious set of physical geography attributes. A full set of country...
Persistent link: https://www.econbiz.de/10012456530
Are the well-known facts about urbanization in the United States also true for the developing world? We compare American metropolitan areas with comparable geographic units in Brazil, China and India. Both Gibrat's Law and Zipf's Law seem to hold as well in Brazil as in the U.S., but China and...
Persistent link: https://www.econbiz.de/10012456671
Governments play a central role in facilitating economic development. Yet while economists have long emphasized the importance of government quality, historically they have paid less attention to the internal workings of the state and the individuals who provide the public services. This paper...
Persistent link: https://www.econbiz.de/10012456846
I define and provide empirical evidence for an "International Price System" in global trade employing data for thirty-five developed and developing countries. This price system is characterized by two features. First, the overwhelming share of world trade is invoiced in very few currencies, with...
Persistent link: https://www.econbiz.de/10012457023
Sex differences in mortality (SDIM) vary over time and place as a function of social, health, and medical circumstances. The magnitude of these variations, and their response to large socioeconomic changes, suggest that biological differences cannot fully account for sex differences in survival....
Persistent link: https://www.econbiz.de/10012457552
What determines the technology that a country adopts? While many factors affect technological adoption, the efficiency of the country's financial system may also play a significant role. To address this question, a dynamic contract model is embedded into a general equilibrium setting with...
Persistent link: https://www.econbiz.de/10012457810
Based on a novel quarterly dataset for 52 countries for the period 1970-2011, we analyze the use and cyclical properties of reserve requirements (RR) as a macroeconomic stabilization tool and whether RR policy substitutes or complements monetary policy. We find that (i) around two thirds of...
Persistent link: https://www.econbiz.de/10012458053