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Industry Diversification, Financial Development and Productivity-Enhancing Investments
Schclarek, Alfredo - 2006
This paper theoretically studies the role of the financial system in promoting macroeconomic stability and growth. It also explains endogenously the development of the financial system as part of the growth process. The productive sector engages in R\&D activities, and finances its activities...
Persistent link: https://www.econbiz.de/10013208504
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Barriers to accumulation and productivity differences in a two sector growth model
Landon-Lane, John S.; Robertson, Peter E. - 2005
Barriers to investment are often regarded as an important determinant of the variation in international income levels. Nevertheless, in the standard neoclassical growth model, these barriers have only have small effects on per capita incomes. We consider the effects of barriers to accumulation...
Persistent link: https://www.econbiz.de/10010274517
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Foreign acquisitions, domestic multinationals, and R&D
Bandick, Roger; Görg, Holger; Karpaty, Patrik - 2011
The aim of this paper is to evaluate the causal effect of foreign acquisition on R&D intensity in targeted domestic firms. We are able to distinguish domestic multinationals and non-multinationals, which allows us to investigate the fear that the change in ownership of domestic to foreign...
Persistent link: https://www.econbiz.de/10012654365
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Potential switchovers in comparative advantage: Patterns of industrial convergence
Landesmann, Michael; Stehrer, Robert - 2000
Although there exists a vast literature on convergence and divergence of income levels across countries or regions at the aggregate level, there is only little work on convergence and/or diver- gence processes of productivity and wage levels at the more disaggregated industrial level. These are...
Persistent link: https://www.econbiz.de/10010294574
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The underestimated virtues of the two-sector AK model
Felbermayr, Gabriel; Licandro, Omar - 2003
We show that the two-sector version of the AK model proposed by Rebelo (1991) can be read as an endogenous growth extension of Greenwood, Hercowitz and Krusell (1997). By confining constant returns to capital to the investment goods sector, the model generates endogenously the secular downward...
Persistent link: https://www.econbiz.de/10010325620
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The effects of startup acquisitions on innovation and economic growth
Fons-Rosen, Christian; Roldan-Blanco, Pau; Schmitz, Tom - 2022
Innovative startups are frequently acquired by large incumbent firms. On the one hand, these acquisitions provide an incentive for startup creation and may transfer ideas to more efficient users. On the other hand, incumbents might acquire startups just to "kill" their ideas, and acquisitions...
Persistent link: https://www.econbiz.de/10014480717
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Structural change and the Kaldor facts in a growth model with relative price and non-Gorman preferences
Boppart, Timo - 2011
Growth of per-capita income is associated with (i) significant shifts in the sectoral economic structure, (ii) systematic changes in relative prices and (iii) the Kaldor facts. Moreover, (iv) cross-sectional data shows systematic expenditure structure difference between rich and poor households....
Persistent link: https://www.econbiz.de/10010316847
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Income distribution, technical change and the dynamics of international economic integration
Landesmann, Michael; Stehrer, Robert - 2005
This paper explores the features of a dynamic multisectoral model which focuses on the relationship between income distribution, growth and international specialization. The model is explored both for the steady-state properties and the transitory dynamics of integrated economies. Income...
Persistent link: https://www.econbiz.de/10010294524
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Technological change and the Swedish labor market
Graetz, Georg - 2020
This report takes stock of recent research into the effects of technology on the labor market; assesses to what extent …
Persistent link: https://www.econbiz.de/10012660609
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ICT use in the developing world: An analysis of differences in computer and internet penetration
Chinn, Menzie D.; Fairlie, Robert W. - 2006
this expansion in technology adoption rates, penetration rates differ markedly between developed and developing countries …, telephone density, legal quality and banking sector development are associated with technology penetration rates. Overall, the … countries. Estimates from Blinder-Oaxaca decompositions reveal that the main factors responsible for low rates of technology …
Persistent link: https://www.econbiz.de/10010285318