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This paper examines Total Factor Productivity (TFP) and knowledge flows, using international patent data. The result is …-industry innovation enhances domestic productivity, and domestic between industry innovations are productivity enhancing. However, foreign …-sourced between-industry innovation has a negative effect on domestic productivity. This highlights the dual aspect of patents as a …
Persistent link: https://www.econbiz.de/10003854932
by labour productivity. To this end, the stochastic frontier technique is used on a unique unbalanced longitudinal … firms. From a policy perspective, the results of this study suggest that - if the aim is to leverage firms' productivity … other hand, corporate R&D in the low-tech sector is found to have a minor effect in explaining productivity. Instead …
Persistent link: https://www.econbiz.de/10011981958
Measuring the dispersion of productivity or efficiency across firms in a market or industry is rife with methodological …
Persistent link: https://www.econbiz.de/10011622903
The prominent role of monetary policy in the U.S. interwar depression has been conventional wisdom since Friedman and Schwartz [1963]. This paper presents evidence on both the surprise and the systematic components of monetary policy between 1929 and 1933. Doubts surrounding GDP estimates for...
Persistent link: https://www.econbiz.de/10003904615
This paper presents an empirical examination of economic and institutional development. Utilizing a novel data set on American Indian tribal nations, we investigate how constitutional design affects economic development, while holding the broader legal and political environment fixed....
Persistent link: https://www.econbiz.de/10009575381
How much have the dynamics of U.S. time series changed over the last century? Has the evolution of the Federal Reserve as an institution over the 100 years altered the transmission of monetary policy shocks? To tackle these questions, we build a multivariate time series model with time-varying...
Persistent link: https://www.econbiz.de/10011800671
This paper provides an institutional-analytical account of changes in the structure of the US Phillips curve (PC) during the post-war period. It does so by restoring conflict and power to the forefront of macro theory and, in particular, the wage- and price-setting behaviour of workers and...
Persistent link: https://www.econbiz.de/10013347209
technology imported from non-leaders increases exports by about 28 percent. -- Technology Choice ; Exporting ; Productivity …
Persistent link: https://www.econbiz.de/10003956230
macroeconomic shocks. Our results confirm that selection into exporting is largely driven by productivity and industry technological …
Persistent link: https://www.econbiz.de/10009310852
traditional macro approach to estimating the determinants of total factor productivity (TFP) does not handle them well. To counter … jointly considering the effects of R&D and the impact of non-R&D innovation activities on the productivity levels of firms …
Persistent link: https://www.econbiz.de/10010380964