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Despite competition concerns over the increasing dominance of global corporations, many argue that productivity … superstars intensive in R&D, IT and/or human capital. In addition to productivity spillovers, we document the transmission of … firm's existing network. These results suggest an important role for raising productivity through the supply chains of …
Persistent link: https://www.econbiz.de/10014250146
. Growth accounting exercises show that total factor productivity, FDI conversion efficacy, and foreign technology spillover …
Persistent link: https://www.econbiz.de/10014250176
We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean tax change increases 20% versus a no-change baseline. Due...
Persistent link: https://www.econbiz.de/10014512034
Investment in research and development (R&D) affects a country's total factor productivity. Recently new theories of … total factor productivity of its trade partners. Following these theoretical developments we estimate the effects of a … country's R&D capital stock and the R&D capital stocks of its trade partners on the country's total factor productivity. We …
Persistent link: https://www.econbiz.de/10012474506
&D investment: (1) Are there diminishing returns to inventive activities? (2) What is the relationship between R&D and productivity … between R&D expenditures and growth of output or total factor productivity. The relation is pervasive, though the magnitudes …, there is evidence that R&D as a factor of production affects not only productivity growth but also the demand for …
Persistent link: https://www.econbiz.de/10012474527
This paper uses wavelets to decompose each stock's trading-volume variance into frequency-specific components. We find that stocks dominated by short-run fluctuations in trading volume have abnormal returns that are 1% per month higher than otherwise similar stocks where short-run fluctuations...
Persistent link: https://www.econbiz.de/10012455032
emission productivity of the firm. In an extensive empirical analysis we find some support for model predictions, but overall … countries are smaller for industries with higher emission productivity. Our theory and empirical results point to the importance … of accounting for heterogeneity in emission productivity when analyzing effects of climate risks …
Persistent link: https://www.econbiz.de/10013388808
characteristics. The results suggest that institutional differences are important determinants of total factor productivity and that …
Persistent link: https://www.econbiz.de/10012464577
in a region or sector, it is their productivity advantage that determines the positive effect on domestic firms in … measuring total factor productivity (TFP) of firms and to different empirical specifications …
Persistent link: https://www.econbiz.de/10012467794
productivity gains for domestic firms. The size of FDI spillovers is economically important, accounting for about 14% of … productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for imports-related spillovers, but it …
Persistent link: https://www.econbiz.de/10012469199