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Skill-biased technological change and the real exchange rate
Gubler, Matthias; Sax, Christoph - 2012
, leading to a negative relationship between the productivity in the tradable sector and the real exchange rate. In a small open …. Non-tradable services are produced with low-skilled labor only. A rise in the productivity of capital has two effects: (1 …
Persistent link: https://www.econbiz.de/10009565836
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Understanding the Cross Country Effects of US Technology Shocks
Miyamoto, Wataru - 2016
Business cycles are substantially correlated across countries. Yet, existing models are not able to generate substantial transmission through international trade. We show that the nature of such transmission depends fundamentally on the features determining the responsiveness of labor supply and...
Persistent link: https://www.econbiz.de/10013005932
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Efficiency and frontier technology in the aftermath of recessions : international evidence
Christopulos, Dēmētrēs K.; León-Ledesma, Miguel A. - 2009
The relationship between recessions and productivity has been the focus of an important body of theoretical and … productivity in the aftermath of recessions. Our method allows us to distinguish between frontier technology and (in … reveal that the average cumulative impact of recessions on productivity up to four years after its end is negative and …
Persistent link: https://www.econbiz.de/10003904195
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Effects of Technology and Innovation Management and Total Factor Productivity on the Economic Growth of China
Lee, Jung Wan - 2022
The paper aims to test long-term and short-term causality from four exchange rates, the Korean won/$US, the Korean won/Euro, the Korean won/Japanese yen, and the Korean won/Chinese yuan, to the Korea Composite Stock Price Index in the presence of several macro-economic variables using monthly...
Persistent link: https://www.econbiz.de/10013296141
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Investment-specific technology shocks and international business cycles : an empirical assessment
Mandelman, Federico S.; Rabanal, Pau; Rubio-Ramírez, … - 2010
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
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Technology shocks and employment in open economies
Tervala, Juha (contributor) - 2008 - Rev.
A growing body of empirical evidence suggests that a positive technology shock leads to a temporary decline in employment. A two-country model is used to demonstrate that the open economy dimension can enhance the ability of sticky price models to account for the evidence. The reasoning is as...
Persistent link: https://www.econbiz.de/10003939709
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Business cycles, technology and exports
Guarascio, Dario; Pianta, Mario; Lucchese, Matteo; … - 2015
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
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Technology Shocks and Employment in Open Economies
Tervala, Juha - 2011
A growing body of empirical evidence suggests that a positive technology shock leads to a temporary decline in employment. A two-country model is used to demonstrate that the open economy dimension can enhance the ability of sticky price models to account for the evidence. The reasoning is as...
Persistent link: https://www.econbiz.de/10013132159
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Technology Shocks and Employment in Open Economies
Tervala, Juha - 2011
A growing body of empirical evidence suggests that a positive technology shock leads to a temporary decline in employment. A two-country model is used to demonstrate that the open economy dimension can enhance the ability of sticky price models to account for the evidence. The reasoning is as...
Persistent link: https://www.econbiz.de/10013132410
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Towards Sustainable Economy through Information and Communication Technologies Development : Case of the EU
Matei, Ani I. - 2013
The global economy is facing a complex and outstanding challenge: the economic and financial crisis. The digital revolution represents the pillar for a competitive and sustainable global economy and Information and Communication Technologies can become a crucial factor for the economic recovery....
Persistent link: https://www.econbiz.de/10013089047