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This paper examines the impact of education, governance and North-South trade- and distance-related technology … preceding the Great Recession (1976-2007) in a new model that integrates models of trade-related and distance …-related international technology diffusion. Our model’s explanatory power is 38% (62%) greater than that of the main trade-related (distance …
Persistent link: https://www.econbiz.de/10012120103
This paper examines the impact of education, governance and North-South trade- and distance-related technology … preceding the Great Recession (1976–2007) in a new model that integrates models of trade-related and distance …-related international technology diffusion. Our model's explanatory power is 38% (62%) greater than that of the main trade-related (distance …
Persistent link: https://www.econbiz.de/10011734518
reduction in average US tariffs – larger than CUS-FTA, NAFTA, and the liberalization accompanying the granting of PNTR to China … technology-intensive industries, suggesting a complementarity between trade liberalization and skill-biased technological change … intermediate inputs. Finally, we show that policymakers dampened the observed impact of tariffs on inequality by assigning smaller …
Persistent link: https://www.econbiz.de/10014486811
We review some patterns of Total Factor Productivity (TFP) growth in the Mexican economy during the period 1991-2011 using the KLEMS data set published by INEGI in 2013. The data shows a strong positive correlation between TFP and output growth. As a result, tests were performed in order to...
Persistent link: https://www.econbiz.de/10011399188
Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in economies? The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the USA, Britain, France, Germany and Japan and proceeds to...
Persistent link: https://www.econbiz.de/10010252126
We develop a perpetual youth model to investigate how longevity affects economic growth and welfare. Life expectancy is determined by individuals’ investments in healthcare. We find that improvements in the healthcare technology always increase the steady state growth rate. Although the effect...
Persistent link: https://www.econbiz.de/10008748203
Economic analysts have used trends in total factor productivity (TFP) to evaluate the effectiveness with which economies are utilizing advances in technology. However, this measure is problematic on several different dimensions. First, the idea that it is possible to separate out the relative...
Persistent link: https://www.econbiz.de/10012795772
This paper studies the interplay between left-handedness and economic development. To explain the decline and subsequent recovery of left-handedness observed over the last few centuries in the Western world, we propose a theory in which economic development influences the prevalence of...
Persistent link: https://www.econbiz.de/10012493880
We study the role of endogenous healthcare choices by households to extend their expected lifetimes on economic growth and welfare in a decentralized overlapping generations economy with the realistic feature that households' savings are held in annuities. We characterize healthcare spending in...
Persistent link: https://www.econbiz.de/10011611936
We analyze the effects of declining population growth on automation. A simple theoretical model of capital accumulation predicts that countries with lower population growth introduce automation technologies earlier. We test the theoretical prediction on panel data for 60 countries over the time...
Persistent link: https://www.econbiz.de/10011639365