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It is often claimed that what is popularly known as the "flying geese paradigm" of dynamic comparative advantage has accurately depicted the East Asian catching-up process. This paper presents a critical study of the paradigm, as well as its application to the current situation in East Asia...
Persistent link: https://www.econbiz.de/10008543780
We study the effects of policy reforms in the South on the decisions of intrafirm and arm's length production transfers by Northern firms. We show theoretically that relaxing ownership controls and improving contract enforcement can induce multinational companies to expand product varieties to...
Persistent link: https://www.econbiz.de/10009353426
I develop a model to study how financial institution differences across countries affect the offshoring decision of Northern firms and whether a product cycle arises when the only comparative advantage of Northern suppliers is their access to better financial institutions. A Northern final-good...
Persistent link: https://www.econbiz.de/10010719276
The link between human capital and economic growth still remains unexplained because of the measurement issues connected to the human capital stock. This study investigates the link between human capital stock and economic growth using inclusive wealth index and ratio of engaged to actively...
Persistent link: https://www.econbiz.de/10011725050
We show that a DSGE model in which subsidies to private sector R&D stimulate economic growth, following the predictions of semi-endogenous growth theory, can account for the joint behaviour of UK output and total factor productivity for 1981-2010. R&D subsidies are measured as government-funded...
Persistent link: https://www.econbiz.de/10012429956
Les nouvelles théories de la croissance, dites " théories de la croissance endogène ", se proposent de mettre en exergue différents modèles dans lesquels la croissance est assurée par l'accumulation d'un facteur particulier (capital humain, technologie, infrastructures publiques, etc.)....
Persistent link: https://www.econbiz.de/10005458749
This paper investigates the dynamic relationship between oil prices and growth across the U.S. States using a panel data framework. We use both annual and quarterly data spanning the periods 1973 to 2013 and 1948Q1 to 2013Q4, respectively. Following Hatemi-J (2012), we allow for the presence of...
Persistent link: https://www.econbiz.de/10011207664
Multidisciplinary innovation is the engine of growth of an increasing number of economies. Innovation output depends increasingly on information sharing and cooperation between creative agents. Sharing and cooperation requires the existence of generalised trust. Social capital consists of trust...
Persistent link: https://www.econbiz.de/10011241623
Huvudtesen i denna studie är att innovationer driver den ekonomiska utvecklingen, att innovationer skapas i teknologiska system och omvandlas till ekonomisk verksamhet i kompetensblock, och att industriell dynamik uppstår i konfrontationen mellan utbudssidan (teknologiska system) och...
Persistent link: https://www.econbiz.de/10005642431
I was born in Russia in 1901, of Jewish parents, and came to the United States in 1922 to join my father who left Russia for the United States before World War I. My university studies began in Russia, and were completed at Columbia University (B.Sc. in 1923, M.A. in 1924, Ph.D. in 1926). It was...
Persistent link: https://www.econbiz.de/10008506188