Showing 1 - 10 of 1,098
The empirical analysis in "International R&D Spillovers" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in...
Persistent link: https://www.econbiz.de/10012464577
rise to a "multiplier." Since such "multipliers" are ignored by firms making investment decisions, privately optimal … investment choices under uncertainty will not in general be socially optimal. Under reasonable conditions, private investment is …
Persistent link: https://www.econbiz.de/10012476771
This paper examines whether agricultural insurance can boost investment by small scale farmers in West Africa. We … impact of insurance on cotton, but, consistent with microeconomic theory, we find significant spillover impacts on investment … that limited its impacts. Overall, this study suggests a promising role of index insurance for stimulating investment, but …
Persistent link: https://www.econbiz.de/10012481419
This paper is an attempt to assess the existence and magnitude of local research spillovers in France. We rely on the model of an extended production function (Cobb-Douglas and Translog) with both local and neighborhood R&D capital stocks. We estimate this model on 312 employment areas as of...
Persistent link: https://www.econbiz.de/10012464096
I assess the magnitude of human capital spillovers in US cities by estimating plant-level production functions. I use a unique firm worker matched dataset, obtained by combining the Census of Manufacturers with the Census of Population. After controlling for a plant's own human capital, plant...
Persistent link: https://www.econbiz.de/10012469390
Are there productivity spillovers from FDI to domestic firms, and, if so, how much should host countries be willing to pay to attract FDI? To examine these questions we use a plant-level panel covering U.K. manufacturing from 1973 through 1992. Across a wide range of specifications, we estimate...
Persistent link: https://www.econbiz.de/10012469991
This paper examines the importance of financial constraints for firm investment expenditures by looking at the … relationship between investment expenditures and proceeds from voluntary asset sales in financially healthy US manufacturing … companies. Specifically, we examine whether asset sales have a greater influence on investment expenditures for firms that are …
Persistent link: https://www.econbiz.de/10012469271
generate more patents per R&D dollar, and their investment in R&D is more highly valued by equity markets. We present evidence …
Persistent link: https://www.econbiz.de/10012456919
Starting in the early 1990s, countries in southern Europe experienced low productivity growth alongside declining real interest rates. We use data for manufacturing firms in Spain between 1999 and 2012 to document a significant increase in the dispersion of the return to capital across firms, a...
Persistent link: https://www.econbiz.de/10012457215
The ifo Investment Survey asks firms in the German manufacturing sector about the importance of sales, technological … factors, finance, return expectations, and macroeconomic policy for their investment activity in a given year. We show that … these subjective investment determinants 1) capture economically what their labels suggest, and 2) have strong explanatory …
Persistent link: https://www.econbiz.de/10012459672