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This paper uses a dynamic CGE model to assess the intertemporal and spatial dimension of technology spillovers embodied in international trade within a climate and trade policy framework. Three are the main contributions of the study. First, to include endogenous factor-biased technical change...
Persistent link: https://www.econbiz.de/10009535974
Developing countries frequently offer tax incentives and even subsidize the entry and operation of foreign firms. I examine the optimality of such policies in an economy where growth is driven by entrepreneurial know-how, a skill that is continuously updated on the basis of the productive ideas...
Persistent link: https://www.econbiz.de/10011585840
Infl ows of foreign knowledge are the key for developing countries to catch up with the world technology frontier. In this paper, I construct a simple tractable model to analyze (a) the incentives of foreign fi rms to bring their know-how to a developing country and (b) the incentives of...
Persistent link: https://www.econbiz.de/10011585842
This paper uses the standard one-sector neoclassical growth model to investigate why China’s consumption has been low and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts that the price of capital may have been significantly...
Persistent link: https://www.econbiz.de/10003758478
The paper reviews India’s macroeconomic performance and policies since 2000. The first section briefly summarizes key … to deal with the challenge of the unprecedented surge in external capital inflows into India. The final section outlines … India in macroeconomic policy and coping with a weak international economic environment. -- Economic growth ; inflation …
Persistent link: https://www.econbiz.de/10003768016
India’s emergence in the world economy over the last decade, has often, in popular discourse, been attributed, at least … present an overview of India’s technological trajectory with a view to understanding the nuances of India’s technological … capability and the role it has played in the process of India’s economic progress. Our conclusion is that while India has …
Persistent link: https://www.econbiz.de/10003781183
manufacturing sector of China and India. We first provide a comparison between India and China using a broad international … perspective. We find that China has increased its labor productivity to a level above that of India, but due to a somewhat higher … compensation level, China is still somewhat at a disadvantage in terms of unit labor cost in manufacturing relative to India. In …
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