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For spatial data with a sufficiently long time dimension, the concept of global cointegration has been recently included in the econometrics research agenda. Global cointegration arises when non-stationary time series are cointegrated both within and between spatial units. In this paper, we...
Persistent link: https://www.econbiz.de/10011535894
Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade liberalization provides incentive to change institutions in two ways. On the one hand, trade leads to specialization according to comparative advantage, expanding the industries that do...
Persistent link: https://www.econbiz.de/10011478180
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made reluctance for companies. I found out empirical relations between IT investment and corporate productivity. Analyses … being produced by IT investment. Based on these results, I showed how productivity improvement supported by IT investment …Japanese IT investment has stagnated. Though some Japanese companies are investing in IT, this does not represent …
Persistent link: https://www.econbiz.de/10011738290
We use firm-level data for 15 countries and 13 manufacturing sectors to estimate firm-level productivity parameters and … to establish representative country-sector-specific empirical productivity distributions. We use these distributions … of technology in shaping international trade flows. We find that, on average, absolute advantage measured as productivity …
Persistent link: https://www.econbiz.de/10013341605
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-up countries comes from the total factor productivity growth (TFP), which motivates us to take a deeper look on the factors behind … TFP developments. The objective of this paper is to shed light on the characteristics behind the productivity development … in the new EU member countries. It may be generalised that the productivity development of a country, industry or firm is …
Persistent link: https://www.econbiz.de/10011575252
lending markets to charge higher rates on their SME customers. This crowded out firm investment. Perversely, fiscal … investment by around 30-40 bio euros per year (or 1 percent of GDP). Our findings identify a novel channel through which low …
Persistent link: https://www.econbiz.de/10013330594
Since the mid-1980s, most countries, especially the developing, have become more open to foreign direct investment (FDI …) aiming to benefit from its fiscal development contributions, as countries with a high level of investment systematically … achieve higher levels of development. Accordingly, bilateral investment treaties (BITs) guarantee certain standards of …
Persistent link: https://www.econbiz.de/10012793140