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Grossman, Gene M. - 1989

We construct a model of the product cycle featuring endogenous innovation and endogenous technology transfer …

Persistent link: https://www.econbiz.de/10012476141

Innovation, Growth, and Dynamic Gains from Trade

Hsu, Wen-Tai - 2019

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

Pharmaceutical Innovation and Longevity Growth in 30 Developing and High-income Countries, 2000-2009

Lichtenberg, Frank R. - 2012

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

Inequality, Nonhomothetic Preferences, and Trade : A Gravity Approach

Dalgin, Muhammed - 2004

In this paper, we show that inequality is an important determinant of import demand, in that it augments the standard gravity model in a significant way. We interpret this result with the aid of a model in which tastes are nonhomothetic. Classification of products, based on the correlation...

Persistent link: https://www.econbiz.de/10012467890

The Long-Run Volatility Puzzle of the Real Exchange Rate

Hausmann, Ricardo - 2004

This paper documents large cross-country differences in the long run volatility of the real exchange rate. In particular, it shows that the real exchange rate of developing countries is approximately three times more volatile than the real exchange rate in industrial countries. The paper tests...

Persistent link: https://www.econbiz.de/10012467939

Exchange Rate Regime Durability and Performance in Developing Countries Versus Advanced Economies

Husain, Aasim M. - 2004

Drawing on new data and advances in exchange rate regimes' classification, we find that countries appear to benefit by having increasingly flexible exchange rate systems as they become richer and more financially developed. For developing countries with little exposure to international capital...

Persistent link: https://www.econbiz.de/10012468017

The Globalization of the Software Industry : Perspectives and Opportunities for Developed and Developing Countries

Arora, Asish - 2004

The spectacular growth of the software industry in some non-G7 economies has aroused both interest and concern. This paper addresses two sets of inter-related issues. First, we explore the determinants of these successful stories. We then touch upon the broader question of what lessons, if any,...

Persistent link: https://www.econbiz.de/10012468155

On the Empirics of Sudden Stops : The Relevance of Balance-Sheet Effects

Calvo, Guillermo A. - 2004

Using a sample of 32 developed and developing countries we analyze the empirical characteristics of sudden stops in capital flows and the relevance of balance sheet effects in the likelihood of their materialization. We find that large real exchange rate (RER) fluctuations coming hand in hand...

Persistent link: https://www.econbiz.de/10012468173

Inappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studies

Blonigen, Bruce A. - 2004

This paper examines the question of whether less-developed countries' (LDCs') experiences with foreign direct investment (FDI) systematically different from those of developed countries (DCs). We do this by examining three types of empirical FDI studies that typically do not distinguish between...

Persistent link: https://www.econbiz.de/10012468315

Balance Sheet Effects on Monetary and Financial Spillovers : The East Asian Crisis Plus 20

Aizenman, Joshua - 2016

We study how the financial conditions in the Center Economies [the U.S., Japan, and the Euro area] impact other countries over the period 1986 through 2015. Our methodology relies upon a two-step approach. We focus on five possible linkages between the center economies (CEs) and the non-Center...

Persistent link: https://www.econbiz.de/10012455943