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foreign firms, the impact of spillover effect of inward FDI is contingent upon the productivity gap between the domestic firms … productivity gap between domestic low-productivity firms and foreign firms and works conversely for high-productivity firms. This … result suggests that once the productivity gap widens, the entry of foreign firms will increase the efficiency of high-productivity …
Persistent link: https://www.econbiz.de/10012890541
We analyze the impact on productivity in advanced economies of fast-growing trade with China between the mid-1990s and …) China in the same sector in other advanced economies. Our estimates point to large productivity gains from trading with … China-the (exogenous) rise of China in global trade may have increased the level of total factor productivity by about 1 …
Persistent link: https://www.econbiz.de/10012950428
Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a … "balanced" one in which China's productivity grows at the same rate in each sector, and an "unbalanced" one in which China …'s comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well …
Persistent link: https://www.econbiz.de/10009788687
Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a … "balanced" one in which China's productivity grows at the same rate in each sector, and an "unbalanced" one in which China …'s comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well …
Persistent link: https://www.econbiz.de/10013076650
There is agreement in the literature on economic growth concerning the transitory effects of capital accumulation on the process of economic development. However, controversy arises if this effect is permanent. In this sense, the key point is the embodied technological progress and whether...
Persistent link: https://www.econbiz.de/10011015258
The Chinese economy does still not qualify as demand-driven economy. Its growth is based on investment. In fact successive waves of investment have emerged during the eighties and produced a piling-up of productive systems. A wave of small national enterprises and entrepreneurs, a second large...
Persistent link: https://www.econbiz.de/10005837180
In this paper, we analyze the role played by imports and investment on labor productivity and output in China from 1964 … imports and investment encourage output and labor productivity in the long run, but neither investment causes imports nor … not productivity. These findings provide interesting insights on the future Chinese economic policy. …
Persistent link: https://www.econbiz.de/10010573381
This paper constructs a two-stage sequential game model to investigate the spillover effect of inward FDI on the efficiency improvement of domestic firms across different ownership types in host countries. Our model shows that given the optimal spillover policy made by foreign firms, the impact...
Persistent link: https://www.econbiz.de/10014105865
We combine a model of combined inter-spatial and inter-temporal trade between countries recently used by Huang, Whalley and Zhang (2004) to analyze the merits of trade liberalization in services when goods trade is restricted with a model of foreign exchange rationing due to Clarete and Whalley...
Persistent link: https://www.econbiz.de/10002856541
We compare economic efficiencies in Brazil, India, and China, where economic efficiency measures the gap between potential and actual output for a given input combination and technological factor. We use stochastic production frontier models to measure the contributions of factors of production...
Persistent link: https://www.econbiz.de/10003793576