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Specialization, Firm Dynamics and Economic Growth
Cho, Jaehan - 2019
Productivity in agriculture or services has long been understood as playing an important role in the growth of manufacturing. In this paper we present a general equilibrium model in which manufacturing growth is stimulated by non-manufacturing sectors that provides goods used in both research...
Persistent link: https://www.econbiz.de/10012867341
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Exploring Growth Linkages and Market Opportunities for Agriculture in Southern Africa
Nin Pratt, Alejandro; Diao, Xinshen - In: Journal of Economic Integration 23 (2008), pp. 104-137
potential and trade opportunities through regional integration. We analyze the implications of such opportunities using a …
Persistent link: https://www.econbiz.de/10009391435
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Innovation, Product-Cycle Trade, and the Cross-Country Distribution of Income
French, Scott - School of Economics, UNSW Business School - 2014
This paper develops a quantitative, multi-country model of endogenous growth, international trade, and international … about and applying research previously conducted abroad. The effect of trade barriers on the level and dispersion of income … across countries is found to be larger than would be predicted by a static trade model, and the effect of access to …
Persistent link: https://www.econbiz.de/10010775239
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International Trade and Local Outsourcing
Marjit, Sugata; Yang, Lei; Xu, Xinpeng - Volkswirtschaftliche Fakultät, … - 2009
standard Heckscher-Ohlin-Samuelson model we show that international trade promotes fragmentation, entrepreneurship and …This paper establishes a crucial link between international trade and local organization of production. By using the … between trade and productivity. We illustrate that both the scale effect and the flourish of entrepreneurial talent due to …
Persistent link: https://www.econbiz.de/10008559019
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Some evidence on the nature of urbanization economies
Krupka, Douglas J. - 2009
Urbanization economies - the effects on productivity and utility created endogenously by larger cities - are a fundamental component of both the economic geography of modern societies and the perpetuation of innovation and economic growth at a national level. Cities account for vast majorities...
Persistent link: https://www.econbiz.de/10003919879
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Revisiting the invisible hand hypothesis : a comparative study between Bulgaria and Germany
Gesheva, Nadezhda; Vasilev, Aleksandar - 2016
This paper examines Adam Smith's concept of an Invisible Hand of the market in light of the underlying assumptions for the theory to hold. Furthermore, the study focuses on Total Factor Productivity as a measure of efficiency of resource allocation, employs growth accounting in Bulgaria relative...
Persistent link: https://www.econbiz.de/10011451790
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Accounting for the Sources of Macroeconomic Tail Risks
Atalay, Enghin - 2020
Using a multi-industry real business cycle model, we empirically examine the microeconomic origins of aggregate tail risks. Our model, estimated using industry-level data from 1972 to 2016, indicates that industry-specific shocks account for most of the third and fourth moments of GDP growth
Persistent link: https://www.econbiz.de/10012852920
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The Economics of Climate Change and Science of Global Warming Debate:African Perspectives
Nwaobi, Godwin - Volkswirtschaftliche Fakultät, … - 2013
As at today, it is an indisputable fact that the climate is changing and there is a scientific consensus that the world is becoming a warmer place principally attributable to human activities. Regrettably, the physical impacts of future climate change on humans and the environment will include...
Persistent link: https://www.econbiz.de/10011259199
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Credit Constraints, Capital Portfolios, and Measured Productivity
Duncan, Alfred; Mulay, Anup - 2022
We draw a straight line connecting financial shocks, capital investment decisions by firms, and change in measured aggregate productivity using a dynamic general equilibrium model. Data shows that post the 2008 crisis, firms changed their allocation between assets of varying depreciation rates...
Persistent link: https://www.econbiz.de/10014238987
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How Production Networks Amplify Shocks
Bahal, Girish; Lenzo, Damian - 2022
In a broad class of macroeconomic models with production networks, it is difficult to discern which set of structural relationships between sectors amplify shocks and shape aggregate outcomes. As a remedy, we provide a formula that sidesteps this issue by considering linkages in isolation,...
Persistent link: https://www.econbiz.de/10013307140