Does FDI affect productivity growth, innovation, and knowledge sourcing activities ofdomestic firms? This study employs … detailed firm-level panel-data from Estonia’smanufacturing sector to investigate different channels through which FDI can … local incumbents’ TFP and labour productivitygrowth in the short term. The effect on productivity does not depend on the …

economy, there has been a tragic neglect of low end human capital investment for productivity gains in mass manufacturing …

of a technique depends on both the productivity embodied in the technique and the cost of the particular input; when … productivity depends on whether the lower cost firms are the important suppliers of inputs. When the share of intermediate goods in … production is high, the lower cost firms are selected as suppliers more frequently. This raises aggregate productivity and also …

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 …

Do higher wages lead to more automation innovation? To answer this question, we first use the frequency of certain … keywords in patent text to create a new measure of automation innovation in machinery. We show that our measure is correlated …-level panel analysis, we find that an increase in low-skill wages leads to more automation innovation with an elasticity between 2 …

leads to high market concentration and markups, falling labor share and decelerating productivity only when knowledge …

innovation and other aspects of firm performance. They suggest that private VC tends to have larger effects than government VC …

This paper discusses the technological change and financial innovation that commercial banking has experienced during … change and financial innovation can improve social welfare. We then survey the literature relating to several specific …