-multinational” technology transfer of Spanish firms that were acquired by foreign companies and the second analysing productivity growth rate …

This paper estimates a dynamic general equilibrium model of entry, exit, and endogenous productivity growth …. Productivity is endogenous both at the industry level (firms enter and exit) and at the firm level (firms invest in productivity …-enhancing activities). The focus of the paper is on two activities that make productivity-enhancing investments more attractive, namely …