Showing 1 - 10 of 417
analyzes a model of North-South trade and endogenous growth through innovation and imitation that can predict the observed … both the innovation in the North and the imitational lag of the South. Opening to trade increases the growth rate and …Recent evidence on world trade patterns reveals North-South specialization across products of the same industries and …
Persistent link: https://www.econbiz.de/10010321457
This paper argues that the empirical trade-growth relationship should be modelled using a dynamic panel data approach … than previous results. They confirm the existence of a strong causal effect of trade on growth but fail to find evidence … for trade as an independent factor of divergence. Hence, one cannot blame trade as such for the disappointing performance …
Persistent link: https://www.econbiz.de/10010294545
innovation output as measured by patent applications. We first estimate a long-run cointegration relation using recently … analyze the impulse response of new ideas to a shock to R&D or to a shock to innovation by estimating an error correction … mechanism. We find that internationally generated ideas have a very significant impact in helping innovation in a country. As a …
Persistent link: https://www.econbiz.de/10010263236
technological shocks are an important source of fluctuations. Our empirical strategy is able to test whether knowledge spillovers … knowledge on technological innovation of a country in the short and in the long run. We find that a country's stock of knowledge … very significant impact on innovation. As a consequence, a positive shock to R&D in the US (the largest world innovator …
Persistent link: https://www.econbiz.de/10010266369
In this paper we replicate most of the stylized facts characterizing the decline in business dynamism in the USA highlighted by Akcigit and Ates (2021) and provide an explanation of their emergence by means of a macroeconomic agent-based model populated by two types of firms: innovators who...
Persistent link: https://www.econbiz.de/10014550280
forward protection reduces the rate of innovation and imposing a nonobviousness requirement reduces R&D spending. It is shown … that full protection against imitation, granted independently of the size of the lead, maximizes the average innovation …
Persistent link: https://www.econbiz.de/10010316839
Institutions of higher education are considered as an important source of innovation. Consequently, big efforts are … factors affect the innovation and knowledge transfer activities of male and female academics. We show that Gender differences … position) affect such innovation transfer activities. While women generate fewer inventions than men, the fulltime employed …
Persistent link: https://www.econbiz.de/10011535490
trade with foreigners" is detrimental for growth. We find that "Taxes on international trade" seems to drive this result …
Persistent link: https://www.econbiz.de/10010321548
This paper analyzes the long-run relationship between output collapses-defined defined as GDP falling substantially below trend - and total factor productivity (TFP), using a panel of 71 developed and developing countries during the period 1960-2003 to identify episodes of output collapse and...
Persistent link: https://www.econbiz.de/10010278252
This paper provides empirical evidence for the importance of institutions in determining the outcome of crises on long-term growth. Once unobserved country-specific effects and other sources of endogeneity are accounted for, political institutions affect growth through their interaction with...
Persistent link: https://www.econbiz.de/10010278293