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Spillovers have usually been undertaken at the country level, the spillover effects can be more definitive only if the … output growth across these countries at industry-level. Second, the potential of international spillover gains is greater in …
Persistent link: https://www.econbiz.de/10011374054
usually been undertaken at the country level, the spillover effects can be more definitive only if the analysis is conducted … capacity and this is an important component of the spillover mechanism that has not attracted significant attention so far … output growth for 14 OECD countries at industry level. Second, the gains from international spillover are conditional to the …
Persistent link: https://www.econbiz.de/10013024704
Convergence in per capita income across countries turns on whether technological knowledge spillover are global or … local. This paper estimates the amount of spillover from R&D expenditures in major industrialized countries on a geographic … benefits from foreign spillover are declining with distance: on average, a 10% higher distance to a major technology …
Persistent link: https://www.econbiz.de/10014164142
; often, in fact, to larger estimated spillover effects which are more precisely estimated than by employing the 'true …
Persistent link: https://www.econbiz.de/10014190059
This chapter examines how international flows of technological knowledge affect economic performance across industries and firms across different countries. Motivated by the large share of the world's technology investments made by firms that are active across country borders, we focus on...
Persistent link: https://www.econbiz.de/10014025152
We construct a dynamic Heckscher-Ohlin model in which the initial distribution of production factors across economies makes factor price equalization impossible. The model produces dynamics similar to those of the neoclassical growth model. However, free trade prevents identically parameterized...
Persistent link: https://www.econbiz.de/10005085506
G-Cubed is a multi-country, multi-sector, intertemporal general equilibrium model that has been used to study a variety of policies in the areas of environmental regulation, tax reform, monetary and fiscal policy, and international trade. It is designed to bridge the gaps between three areas of...
Persistent link: https://www.econbiz.de/10014025276
What part of the high oil price can be explained by structural transformation in the developing world? Will continued structural transformation in these countries result in a permanently higher oil price? To address these issues I identify an inverted-U shaped relationship in the data between...
Persistent link: https://www.econbiz.de/10010783701
There is a growing literature that studies the properties of models that combine international trade and neoclassical growth theory, but mostly in a de- terministic setting. In this paper we introduce uncertainty in a dynamic Heckscher-Ohlin model and characterize the equilibrium of a small open...
Persistent link: https://www.econbiz.de/10010700994
Development accounting exercises based on an aggregate production function find technology is biased in favour of a country's abundant production factors. We provide an explanation to this finding based on the Heckscher-Ohlin model. Countries trade and specialize in the industries that use...
Persistent link: https://www.econbiz.de/10005136510