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This article shows - on both conceptual and empirical grounds - the importance of business cycles in affecting key relationships between innovation and international performance. While periods of upswing are characterised by a well documented 'virtuous circle'. between innovation inputs, new...
Persistent link: https://www.econbiz.de/10010530673
This article shows -- on both conceptual and empirical grounds -- the importance of business cycles in affecting key relationships between innovation and international performance. While periods of upswing are characterized by a well-documented 'virtuous circle' between innovation inputs, new...
Persistent link: https://www.econbiz.de/10013021801
In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international real business cycle model and show that a thoughtful calibration of them along the lines of Raffo (2009) successfully addresses the "quantity," "international comovement,"...
Persistent link: https://www.econbiz.de/10008664137
Understanding the joint dynamics of international prices and quantities remains a central issue in international business cycles. International relative prices appreciate when domestic consumption and output increase more than their foreign counterparts. In addition, both trade flows and trade...
Persistent link: https://www.econbiz.de/10013146967
In this paper, we first introduce investment-specific technology (IST) shocks into an otherwise standard international real business cycle model and show that a thoughtful calibration of them along the lines of Raffo (2009) successfully addresses several of the existing puzzles in the...
Persistent link: https://www.econbiz.de/10014048949
Trade and technological change continually alter the workplace and labor-market outcomes, with consequences for economy-wide welfare and the distribution of real incomes. This report assesses the state of economic research into those areas, with a particular focus on empirical methodologies and...
Persistent link: https://www.econbiz.de/10011752651
firm productivity and to investigate whether the size of those effects varies for low and high performing firms. Next, we … technological relatedness has on increasing firm productivity, providing some support that regions should pursue a strategy of … productivity between local firms …
Persistent link: https://www.econbiz.de/10013000743
The productivity paradox has sparked a great deal of research during the past three decades. Unfortunately, neither the … investments in information and communication technology (ICT) affect the productivity of firms, sectors, and economies. This study … aims to solve the productivity paradox by analysing the moderating effect of technological innovations on the link between …
Persistent link: https://www.econbiz.de/10012131285
Persistent link: https://www.econbiz.de/10003359690
Persistent link: https://www.econbiz.de/10009667118