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, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank's World … Development Indicators; a substantial fraction of the world is also covered in the PPP accounts produced by the OECD and the …; version 7.0 of the Penn World Table will soon incorporate these results. The 2005 ICP, like earlier rounds, involved …
Persistent link: https://www.econbiz.de/10012464148
Less developed countries tend to experience higher output volatility, a fact that is, in part, explained by their specialization in more volatile sectors. This paper proposes theoretical explanations for this pattern of specialization -- with the complexity of the goods playing a central role....
Persistent link: https://www.econbiz.de/10012463684
What obstacles prevent the most productive technologies from spreading to less developed economies from the world … distances between populations, and document how such distances, relative to the world's technological frontier, act as barriers …
Persistent link: https://www.econbiz.de/10012459301
In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains … from opening to foreign direct investment. A firm's technology capital is its unique know-how from investing in research … and development, brands, and organization capital. What distinguishes technology capital from other forms of capital is …
Persistent link: https://www.econbiz.de/10012465131
across the world. We do so by calculating how many years ago these technologies were used in the U.S. at the same intensity … as they are used in the countries in our sample. We denote these time lags as technology usage lags and compare them with … lags in real GDP per capita. We find that (i) technology usage lags are large, often comparable to lags in real GDP per …
Persistent link: https://www.econbiz.de/10012465984
We suggest that the geographical patterns of income differences across the world have deep underpinnings. We emphasize … characteristics of economies. Per capita incomes differ around the world in no small part because of sharp differences across regions …, technology, and geography, and that none of these alone is sufficient to account for the diverse patterns of global growth. We …
Persistent link: https://www.econbiz.de/10012459151
and technology differences across both goods and production stages. We estimate technology and trade costs via the … value chains (increased export platform production). Surprisingly, however, the elasticity of world trade to trade costs is …
Persistent link: https://www.econbiz.de/10012479967
This study tests the importance of Ricardian technology differences for international trade. The empirical analysis has … between productivity and exports, and exploiting heterogeneous technology diffusion from immigrant communities in the United …
Persistent link: https://www.econbiz.de/10012459005
Capital equipment - such as computers and industrial machinery - embodies skill-biased technology, in the sense that it … skill-biased technology. In this paper we develop a tractable quantitative model of international trade in capital goods to …
Persistent link: https://www.econbiz.de/10012461199
-enhancing investments (technology). Empirically, less developed countries feature higher distortions and larger dispersion in firm …-thirds of cross-country labor productivity differences. Both selection and technology channels are important. Variation in …
Persistent link: https://www.econbiz.de/10014635713