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This paper is a first step toward closing the analytical gap in the extensive literature on the results of interactions between public and private R&D expenditures, and their joint effects on the economy. Econometric studies in this area report a plethora of sometimes confusing and frequently...
Persistent link: https://www.econbiz.de/10012471237
Convergence in per capita income across countries turns on whether technological knowledge spillover are global or local. This paper estimates the amount of spillover from R&D expenditures in major industrialized countries on a geographic basis. A new data set is used which encompasses most of...
Persistent link: https://www.econbiz.de/10012471267
&D spillovers are partly determined by firms, rather than by the given economic environment. According to this approach the full … effect of spillovers on research productivity of firms exceeds the structural effect because it includes an active learning …' response of firms to new information. Furthermore, effective spillovers grow faster or slower than potential spillovers …
Persistent link: https://www.econbiz.de/10012471292
This paper examines the evidence on technology diffusion through trade in differentiated intermediate goods. Because intermediates are invented through costly research and development (R&D) investments, employing imported intermediates implies an implicit sharing of the technology that was...
Persistent link: https://www.econbiz.de/10012471810
strategy builds on the literature on the dissemination of knowledge, specifically that of local knowledge spillovers. By ….35%. Our results also provide novel evidence that there are health benefits to the local communities (local spillovers) in …
Persistent link: https://www.econbiz.de/10012660098
broadly. The magnitude of these wage spillovers cannot easily be explained by standard competitive pressures, suggesting a …
Persistent link: https://www.econbiz.de/10012660103
impacts experienced by young, healthy workers due to the spillovers onto Social Security. We use Current Population Survey …
Persistent link: https://www.econbiz.de/10012599373
This paper shows that local productivity spillovers propagate throughout the economy through the plant-level networks …
Persistent link: https://www.econbiz.de/10012599374
Foreign investors' changing appetite for risk-taking have been shown to be a key determinant of the global financial cycle. Such fluctuations in risk sentiment also correlate with the dynamics of UIP premia, capital flows, and exchange rates. To understand how these risk sentiment changes...
Persistent link: https://www.econbiz.de/10013210054
evaluates the normative implications for international spillovers and global welfare. An analytical decomposition uncovers the …
Persistent link: https://www.econbiz.de/10013210066