organization of the firm on R&D incentives and technical progress, and R&D cooperation and technological spillovers. …. Spillovers, Stable R&D Cooperations, and Social Welfare -- Abstract -- 1. Introduction -- 2. The models -- 3. Stability of R …

This paper shows that rising real estate prices reduce industry productivity, because they lead to a reallocation of … labor towards inefficient firms. This has significant negative consequences for aggregate industry productivity. I find that … industries with stronger growth in real estate value see a significant reduction in total factor productivity growth. A 10 …

-18 -- Xiaming Liu, Pamela Siler, Chengqi Wang and Yingqi Wei (2000), 'Productivity Spillovers From Foreign Direct Investment … Strobl (2001), 'Multinational Companies and Productivity Spillovers: A Meta-Analysis', Economic Journal, 111 (475), November … Javorcik (2004), 'Does Foreign Direct Investment Increase the Productivity of Domestic Firms? In Search of Spillovers Through …