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Diffusion of technology and convergence of income among countries
Oz, Sumru - 2014 - Preliminary version; April 9, 2014
Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010251655
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The Global Savings Glut and the Elusive Gains from International Financial Integration
Darreau, Philippe - 2017
Persistent link: https://www.econbiz.de/10012964373
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Trade and Inequality : The Effects of International Unbundling of Production
Basco, Sergi - 2019
known as international unbundling of production. We consider a world economy where countries only differ in their … productivity and consume final good varieties from all country origins. Each variety is produced using a bundle of intermediate … this change in inequality is U-shaped in the productivity of the country. The reason is that high-productivity countries …
Persistent link: https://www.econbiz.de/10012871980
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Capital flows and endogenous growth
Komarov, Evgenij - 2021 - This version: November 18, 2021
So-called "uphill capital flows", i.e. flows of physical capital from relatively poor to rich countries, are a new phenomenon with yet unclear impact. We develop a unified framework incorporating economic institutions, human capital and physical capital to study the interaction of international...
Persistent link: https://www.econbiz.de/10012696550
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The Elusive Gains from International Financial Integration
Gourinchas, Pierre-Olivier - 2006
from a take-off in domestic productivity of the magnitude observed in some of these countries …
Persistent link: https://www.econbiz.de/10012783191
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The impact of foreign direct investment on Namibia’s economic growth : a time series investigation
Sunde, Tafirenyika - In: Cogent economics & finance 11 (2023) 1, pp. 1-15
The current study investigates the impact of foreign direct investment on the growth of Namibia's economy from 1990 to 2020 using the ARDL cointegration method. The results reveal that FDI, the interactive variable of FDI and trade openness, and other macroeconomic variables such as domestic...
Persistent link: https://www.econbiz.de/10014500822
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Regional Blocs and Foreign Direct Investment
Donnenfeld, Shabtai - 2003
an event the volume of world trade declines, but this is more than offset by the increase in world output due to direct … investment. Hence, total world output is the same as under free trade. Second, I investigate the optimal tariff that a trading …
Persistent link: https://www.econbiz.de/10014213110
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Macroeconomic Policy, Product Market Competition, and Growth : The Intangible Investment Channel
Ahn, JeaBin - 2020
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
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Foreign Firms and the Diffusion of Knowledge
Monge-Naranjo, Alexander - 2012
This paper constructs a model to examine the impact of foreign firms on a developing Country's own accumulation of entrepreneurial knowledge. In the model, entrepreneurial skills are built up on the basis of productive ideas that diffuse internally (at the inside of firms) and externally...
Persistent link: https://www.econbiz.de/10013098299
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Foreign Direct Investment and the Nature of R&D
Glass, Amy Jocelyn; Saggi, Kamal - 1999
We examine whether an increase in foreign direct investment (FDI) flows necessarily increases international technology transfer (ITT). The answer to this question depends on whether FDI is the sole channel of ITT or whether other channels of ITT such as imitation are present for the host...
Persistent link: https://www.econbiz.de/10014204586