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Persistent link: https://www.econbiz.de/10001487474
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We reconcile trade theory with plant-level export behavior, extending the Ricardian model to accommodate many countries, geographic barriers, and imperfect competition. Our model captures qualitatively basic facts about U.S. plants: (i) productivity dispersion, (ii) higher productivity among...
Persistent link: https://www.econbiz.de/10005241497
European countries do less research than Japan and the United States. We use a quantitative multi-country growth model to ask: (i) Why is this so? (ii) Would there be any benefit to expanding research in Europe? (iii) What various European research promotion policies do? We find that: (i)...
Persistent link: https://www.econbiz.de/10005245467
Measures of innovative activity show it to be concentrated in a small number of countries. Yet the benefits of innovation are experienced broadly. International trade is one conduit through which the benefits of innovation in one country can flow abroad. Technological diffusion is another. In...
Persistent link: https://www.econbiz.de/10005245474
We develop and estimate a model of technological innovation and its contribution to growth at home and abroad. International patents indicate where innovations come from and where they are used. Countries grow at a common steady-state rate A country's relative productivity depends upon its...
Persistent link: https://www.econbiz.de/10005663810
We model the invention of new technologies and their diffusion across countries. Our model predicts that, eventually, all countries will grow at the same rate, with each country's productivity ranking determined by how rapidly it adopts inventions. The common growth rate depends on research...
Persistent link: https://www.econbiz.de/10005663827
We examine productivity growth since World War II in the five leading research economies: West Germany, France, the United Kingdom, Japan, and the United States. Available data on the capital-output ratio suggests that these countries grew as they did because of their ability to adopt more...
Persistent link: https://www.econbiz.de/10005663840
Persistent link: https://www.econbiz.de/10005058661
We reconcile international trade theory with findings of enormous plant-level heterogeneity in exporting and productivity. Our model extends basic Ricardian theory to accommodate many countries, geographic barriers, and imperfect competition. Fitting the model to bilateral trade among the United...
Persistent link: https://www.econbiz.de/10005050108