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Credit rationing in the presence of asset inequality affects production and trade pattern in this paper, but not in the conventional way. A Ricardian general equilibrium framework with heterogeneous levels of asset ownership is developed to show that more equal asset distribution may contract...
Persistent link: https://www.econbiz.de/10011597233
Global Manufacturing and International Supply Chains changed the way trade and international economics are understood today. The present essay builds on recent statistical advances to suggest new ways of looking at the demand and supply side approaches when Global Value Chains (GVCs) -...
Persistent link: https://www.econbiz.de/10011435987
imported goods and the productivity differential of domestic firms with the rest of the world. We show that increased import …. Domestic productivity growth converges to the international rate through firm-level investment in process innovation. With … competition, through either a larger number of imported goods or a faster international rate of productivity growth, leads to …
Persistent link: https://www.econbiz.de/10012113952
. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
Persistent link: https://www.econbiz.de/10011298529
We present a multi-country theory of economic growth and R&Ddriven technological progress in which countries are … countries it exchanges knowledge with. The diffusion of knowledge throughout the world explains a period of increasing world …. Knowledge diffusion through a Small World network produces an extraordinary diversity of country growth performances, including …
Persistent link: https://www.econbiz.de/10011665033
We present a multi-country theory of economic growth and R&D-driven technological progress in which countries are … countries it exchanges knowledge with. The diffusion of knowledge throughout the world explains a period of increasing world …. Knowledge diffusion through a Small World network produces an extraordinary diversity of country growth performances, including …
Persistent link: https://www.econbiz.de/10011688459
This paper develops a dynamic theory that accounts for the evolution of trade policy, underlying internal class …
Persistent link: https://www.econbiz.de/10003397477
examines the implications of heterogeneity in construction productivity on cross-country income disparity. We estimate the 10 …:1 spread in construction productivity among 145 countries in 2005 as a factor of 61.7-fold. Based on a general equilibrium … construction productivity gap is eliminated. Sectoral characterization of the aggregate effect of a change in construction …
Persistent link: https://www.econbiz.de/10014422405
Using data from patents, citations, inter-sectoral sales and customs, we examine the international diffusion of technology through imports of sectoral knowledge and production inputs. We construct measures of the flow of technology embodied in imports. These measures are weighted by...
Persistent link: https://www.econbiz.de/10014253761
differences in countries' factor endowments and total factor productivity (the Solow residual). While the former can be relatively … interpretation for differences in total factor productivity across countries and quantitatively explore the role of trade barriers in …
Persistent link: https://www.econbiz.de/10009781364