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This paper estimates the aggregate productivity effects of Marshallian externalities generated by foreign direct … externalities and other intra- and inter-regional spillovers generated by domestic firms. The productivity effects of these … explicitly as determinants of total factor productivity, and tests several empirical specifications of this model, using data for …
Persistent link: https://www.econbiz.de/10003864488
diffusion leads to a “greening” of economies boosting productivity of “clean” carbon-extensive sectors. Knowledge diffusion … lowers the costs of global climate policy by about 90% for emerging countries (China) and 20% for developed regions (Europe …
Persistent link: https://www.econbiz.de/10011753290
firms to leave the market, thereby affecting aggregate productivity. Since wage and productivity responses are endogenous …, our model is well suited to study the impacts of trade integration on aggregate productivity and factor prices. Using … quantify the impacts of removing the Canada-U.S. border on wages, productivity, markups, the share of exporters, the mass of …
Persistent link: https://www.econbiz.de/10003755333
The validity of existing empirical tests of the Pollution Haven Hypothesis (PHH) is constantly under scrutiny due to two shortcomings. First, the issues of unobserved heterogeneity and measurement error in environmental regulation are typically ignored due to the lack of a credible, traditional...
Persistent link: https://www.econbiz.de/10009315496
Most studies of foreign direct investment (FDI) spillovers focus on externalities of inward FDI to host country firms. However, spillovers may also be generated from outward FDI and flow to home country firms. We test for the presence of spillovers from U.S. multinational corporations to...
Persistent link: https://www.econbiz.de/10013031042
This paper contributes to the already vast literature on demography-induced international capital flows by examining the role of labor market imperfections and institutions. We setup a two-country overlapping generations model with search unemployment, which we calibrate on EU15 and US data....
Persistent link: https://www.econbiz.de/10010282316
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