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The United States and European Union differ significantly in terms of their innovative capacity: the former have been able to gain and maintain world leadership in innovation and technology while the latter continues to lag. Notwithstanding the magnitude of this innovation gap and the political...
Persistent link: https://www.econbiz.de/10005405033
This paper examines U.S. per capita income convergence in 1929-2002 using a panel approach based on the assumptions of multiple aggregate structural breaks and growth clubs. One novelty is that our specification explicitly allows for regional conditional convergence to the nation, while at the...
Persistent link: https://www.econbiz.de/10014070436
Using U.S. interstate banking deregulations, we identify the effect of banks' prior to market-entry industry exposures on the state-level manufacturing sector growth. Examining industry value added, gross operating surplus, total compensation, number of employees, output per employee and wages,...
Persistent link: https://www.econbiz.de/10011541027
sectoral productivity changes. We find that such elasticities can vary significantly depending on the sectors and regions … 2007 on all other U.S. sectors and regions …
Persistent link: https://www.econbiz.de/10013045888
We empirically examine how import competition affects sentiment toward China in local communities in the United States using a news-based index for sentiment. Results are threefold. First, U.S. sentiment toward China peaked in 2007 before turning negative. Second, communities more exposed to...
Persistent link: https://www.econbiz.de/10014514814
We look at a part of the spatial angle of economic growth. We introduce a new measure Spatial Population Concentration (SPC) that captures the weighted average population surrounding every person within a geographic area. The weights are a function of the distance between the person in question...
Persistent link: https://www.econbiz.de/10013413313
from China. Although population headcounts of the foreign-born fell by more than those of the native-born in regions …. Because most U.S. immigrants arrived in the country after manufacturing regions were already mature, few took up jobs in … regions with high trade exposure was only three-fifths that in regions with low exposure. Immigration thus appears more likely …
Persistent link: https://www.econbiz.de/10013537796
from China. Although population headcounts of the foreign-born fell by more than those of the native-born in regions …. Because most U.S. immigrants arrived in the country after manufacturing regions were already mature, few took up jobs in … regions with high trade exposure was only three-fifths that in regions with low exposure. Immigration thus appears more likely …
Persistent link: https://www.econbiz.de/10014254796
We look at a part of the spatial angle of economic growth. We introduce a new measure Spatial Population Concentration (SPC) that captures the weighted average population surrounding every person within a geographic area. The weights are a function of the distance between the person in question...
Persistent link: https://www.econbiz.de/10014243162
Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...
Persistent link: https://www.econbiz.de/10013032373