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This paper calculates Theil’s entropy index to measure the extent of productivity differences across 92 countries for … the period from 1970 to 2003. While there is evidence of increasing differences in productivity across these countries, we …. The results of our multivariate time series analysis also suggest that FDI increases productivity differences among low …
Persistent link: https://www.econbiz.de/10014153895
Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010251655
Recent evidence from developing and emerging economies shows a negative correlation between growth and net capital inflows, a contradiction to neoclassical growth theory. I provide updated and disaggregated evidence on the origins of this puzzle. An analysis of the components of capital flows...
Persistent link: https://www.econbiz.de/10011295656
This paper investigates the impact of foreign direct investment (FDI) on economic growth in a sample of 10 ex-socialist European and Asian countries. While the link between FDI and economic growth has been extensively investigated in empirical literature, this paper contributes to this...
Persistent link: https://www.econbiz.de/10014246483
factor productivity (TFP) growth. We find that a one standard deviation increase in capital account liberalization is … significantly associated with 0.16 to 0.17 standard deviations increase of the firms' total factor productivity growth rates. The … productivity-enhancing effects are stronger for sectors with higher external financial dependence and capital-skill complementarity …
Persistent link: https://www.econbiz.de/10012832124
: 1) globalization is a process of continuing integration of the countries of the world that is beneficial, inevitable and … irreversible. No any country can afford to remain isolated from the world economy. 2) some of small countries might have higher …
Persistent link: https://www.econbiz.de/10010296788
Persistent link: https://www.econbiz.de/10012964373
: 1) globalization is a process of continuing integration of the countries of the world that is beneficial, inevitable and … irreversible. No any country can afford to remain isolated from the world economy. 2) some of small countries might have higher …
Persistent link: https://www.econbiz.de/10009226145
In this paper, we investigate how de facto financial globalization has influenced the labor share in developing countries. Our main argument is the need to distinguish between different types of capital in this context, as different forms of foreign investment have different fixed costs and...
Persistent link: https://www.econbiz.de/10011581740
missed. Looking at the relationship between FDI growth on one hand and labour productivity, capital productivity and …
Persistent link: https://www.econbiz.de/10011392225