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Recently, Mastromarco, Serlenga and Shin (2010) propose a two-step approach to examine dynamic transmission mechanism under which globalization factors foster technology efficiency. In this paper, we extend the MSS model by combining panel threshold regression technique advanced by Hansen...
Persistent link: https://www.econbiz.de/10013065766
Persistent link: https://www.econbiz.de/10012113973
This paper revisits the relationship between fiscal decentralization and economic growth by addressing the endogeneity issue stemming from reverse causality and unobserved factors that has plagued previous extensive literature on this subject. In our approach, we use the Geographic Fragmentation...
Persistent link: https://www.econbiz.de/10012107011
This paper reviews the empirical literature on growth and convergence that has addressed the importance of spatial factors. An important distinction in this literature is the one between absolute and relative location. The literature on absolute location predominantly uses non-spatial...
Persistent link: https://www.econbiz.de/10011342567
We study the effect of spatial inequality on economic activity. Given that the relationship is highly simultaneous in nature, we use exogenous variation in geographic features to construct an instrument for spatial inequality, which is independent from any man-made factors. Inequality measures...
Persistent link: https://www.econbiz.de/10011983689
manufacturing. Finally, we find evidence consistent with the hypothesis that national infrastructure (i.e., transport …
Persistent link: https://www.econbiz.de/10011750132
This contribution analyzes the impact of intangible capital on labor productivity growth across countries at the aggregate and sectoral levels by employing an econometric growth-accounting approach. First, our results show that intangible capital deepening accounts for around 40 percent of labor...
Persistent link: https://www.econbiz.de/10012622533
This contribution analyzes the impact of intangible capital on labor productivity growth across countries at the aggregate and sectoral levels by employing an econometric growth-accounting approach. First, our results show that intangible capital deepening accounts for around 50 percent of labor...
Persistent link: https://www.econbiz.de/10013183835
FDI data across different industries, the paper finds significant effects of FDI inflows in manufacturing on growth … further investigation of the specific subsectors (NACE 2-letter classification) within manufacturing, and the empirical … investigation finds that not all FDI inflows within manufacturing enhance economic growth. …
Persistent link: https://www.econbiz.de/10014246483
accounts for technological interdependence among countries through spatial externalities. The original version models …
Persistent link: https://www.econbiz.de/10011379930