Showing 1 - 10 of 3,916
This working paper reviews recent empirical evidence on large firms and nonproductive strategies that hinder creative destruction and reallocation. The focus is on three types of nonproductive strategies: political connections, nonproductive patenting, and anticompetitive acquisitions. Across...
Persistent link: https://www.econbiz.de/10012649571
trade-led economic growth across countries. Data of the Balassa index, which captures a country's revealed comparative … exporting high-technology as opposed to traditional or low-technology goods. The findings are robust to the presence of various …
Persistent link: https://www.econbiz.de/10013121893
I investigate the long-run implications of trade and technology diffusion through trade, when firms are heterogeneous … and trade is costly. The paper integrates firm heterogeneity and trade into product innovation growth models from … endogenous growth theory. Two specifications of the R&D process are considered. In the first, R&D uses labor and intermediate …
Persistent link: https://www.econbiz.de/10013246336
suggests that technological innovation accounts for significant medium-run fluctuations in aggregate economic growth and TFP … the number of citations that the patent receives in the future. Our new measure is associated with substantial growth …, reallocation and creative destruction, consistent with the predictions of Schumpeterian growth models. Aggregating our measure …
Persistent link: https://www.econbiz.de/10012938593
This paper studies the role and complementarity of advanced manufacturing processes and product innovations for growth …. We uncover large and distinct effects of advanced manufacturing and product innovation for firm and aggregate growth … process innovation contribute differently to growth and productivity convergence towards the U.S. for countries with different …
Persistent link: https://www.econbiz.de/10014351226
Persistent link: https://www.econbiz.de/10012264221
This study investigates the extent of ’missing growth’ in Finland due to upward bias in the cost-of-living measurement … establishments’ entry- and exit-dynamics. The baseline result suggests an average missing growth of 0.69 percentage points over the …
Persistent link: https://www.econbiz.de/10012037613
of per capita income and rates of growth is consistent with a standard Solow model, once it has been augmented to include … be less (and not more) able to account for the cross-country growth performance of Austria and Germany when human capital … accumulation is included in the analysis. Our results indicate that differences in technology are a driving factor in understanding …
Persistent link: https://www.econbiz.de/10010427417
economic growth of Bangladesh from 1980-2016. Methods: To capture the influence of financial innovation on economic growth, we … existence of a long-run association between economic growth and the financial innovation proxies, which were the Domestic Credit … monetary management play important roles in economic growth. We also found that the coefficients of the financial innovation …
Persistent link: https://www.econbiz.de/10011808256
&D but little support for endogenous growth. Countries with low domestic ideas bases could considerably improve productivity …
Persistent link: https://www.econbiz.de/10003785303