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firms' export performance. Drawing on Porter hypothesis and firm heterogeneity theory, we adopt a structural model where …
Persistent link: https://www.econbiz.de/10010189327
We assess the role of capital goods imports and inflows of foreign direct investment (FDI) as transmission channels through which major emerging economies (BRICs, i.e., Brazil, Russian Federation, India and China) could catch up with advanced source countries in terms of total factor...
Persistent link: https://www.econbiz.de/10010479372
The study analyses the relationships between capital dynamics, productivity, global value chains and foreign direct investment using panel data techniques. Among other results, we confirm the high importance of tangible and intangible ICT capital for productivity and GVC integration. We examine...
Persistent link: https://www.econbiz.de/10012232879
The paper studies the drivers of productivity at country and sectoral levels over the period 2000-2017 with the focus on the impact of capital accumulation and structure. The analysis confirms an especially important role of ICT and intangible digital capital for productivity growth,...
Persistent link: https://www.econbiz.de/10012209649
While there is growing evidence of persistent or even permanent output losses from financial crises, the causes remain unclear. One candidate is intangible capital - a rising driver of economic growth that, being non-pledgeable as collateral, is vulnerable to financial frictions. By sheltering...
Persistent link: https://www.econbiz.de/10012840222
Persistent link: https://www.econbiz.de/10012814153
This paper estimates a dynamic general equilibrium model of entry, exit, and endogenous productivity growth. Productivity is endogenous both at the industry level (firms enter and exit) and at the firm level (firms invest in productivity-enhancing activities). The focus of the paper is on two...
Persistent link: https://www.econbiz.de/10012979269
This paper examines the effect of firm-level investment in capital on export entry and productivity growth among … capital reduces the burden of sunk costs of export market entry, thereby inducing small firms to enter export markets with … ease and increase their productivity as a result of export market participation. New entrants who survive their first year …
Persistent link: https://www.econbiz.de/10014352090
Persistent link: https://www.econbiz.de/10011280966
Persistent link: https://www.econbiz.de/10009719593