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effects of international co-operative R&D on short term productivity gains among European manufacturing firms and to clarify … symmetric Research Joint Ventures (RJVs) increase productivity to a greater extent than RJVs between asymmetric firms. The …
Persistent link: https://www.econbiz.de/10014155776
We explore the role of business services in knowledge accumulation and growth and the determinants of knowledge diffusion including the role of distance. A continuous-time model is estimated on several European countries, Japan, and the United States. Policy simulations illustrate the benefits...
Persistent link: https://www.econbiz.de/10012755573
This paper employs a nonparametric approach to investigate the sources of growth in labor productivity for 77 countries … and to decompose it in the following three components: (1) total factor productivity; (2) capital deepening; and (3 …
Persistent link: https://www.econbiz.de/10013130925
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
This paper extends the endogenous-growth agent-based model in Fagiolo& Dosi (2003) to study the finance-growth nexus. We explore industries where firms produce a homogeneous good using existing technologies, perform R&D activities to introduce new techniques, and imitate the most productive...
Persistent link: https://www.econbiz.de/10011752444
R&D investment are an important engine of growth and development. Yet economists have often claimed under-investment, also due to the asymmetric information between inside investors and outside investors and financiers, and the consequent capital and financial market imperfections. Some recent...
Persistent link: https://www.econbiz.de/10012919304
This paper argues that excessive financial development in combination with high levels of technological innovation or R&D activities may lead to the former being ineffective in generating economic growth. This hypothesis is examined through a dynamic panel analysis using two measures of...
Persistent link: https://www.econbiz.de/10013034506
This paper studies the effect of competition on firm innovation by developing a discrete-time endogenous growth model where multi-product firms do two types of innovation subject to friction in technology spillovers. Firms improve their existing products through internal innovation while...
Persistent link: https://www.econbiz.de/10013226722
world economy. For a given level of policy stringency, countries with more flexible environmental policies are more likely … to generate innovations which are diffused widely and are more likely to benefit from innovations generated elsewhere …
Persistent link: https://www.econbiz.de/10003850134
The U.S. economy has experienced a rapid expansion in industries with low productivity growth. In this paper, we … investigate whether financial development improves productivity growth in these industries. Testing reveals that stagnant … industries experience remarkable post-deregulation productivity growth improvement. This result is not an artefact of growing …
Persistent link: https://www.econbiz.de/10012851019