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Distance to the Efficiency Frontier and FDI Spillovers

Sabirianova Peter, Klara; Svejnar, Jan; Terrell, Katherine - C.E.P.R. Discussion Papers - 2004

We establish that domestically owned firms in two alternative models of emerging market economies, the Czech Republic and Russia, have not been converging to the technological frontier set by foreign owned firms. In both countries, the distance of domestic firms to the frontier grew (in all...

Persistent link: https://www.econbiz.de/10005791421

International Technology Diffusion

Keller, Wolfgang - C.E.P.R. Discussion Papers - 2002

I discuss the concept and empirical importance of international technology diffusion from the point of view of recent work on endogenous technological change. In this literature, technology is viewed as technological knowledge. I first review major concepts and discuss the relation of...

Persistent link: https://www.econbiz.de/10005791520

Economic Growth and the Swedish Model

Henrekson, Magnus; Jonung, Lars; Stymne, Joakim - C.E.P.R. Discussion Papers - 1994

We examine the growth performance of Sweden in the post-World War II period, focusing on explaining the relative decline of economic growth in Sweden since the early 1970's. The hypothesis that the relative decline is a consequence of productivity catch-up is rejected. A number of potential...

Persistent link: https://www.econbiz.de/10005791604

Catch-up, Growth and Convergence in the OECD

de la Fuente, Angel - C.E.P.R. Discussion Papers - 1995

This paper analyses the sources of post-war growth and convergence in the OECD using an extension of Mankiw, Romer and …. Technological catch-up is found to be very fast and seems to have played an important role in OECD convergence during the first half … of the sample period. The exhaustion of this effect, moreover, may help explain the slowdown of growth and convergence …

Persistent link: https://www.econbiz.de/10005791633

The Elusive Gains from International Financial Integration

Gourinchas, Pierre-Olivier; Jeanne, Olivier - C.E.P.R. Discussion Papers - 2003

as foreign capital flows in and speeds up the process of convergence. We show in a calibrated neoclassical model that … conventionally measured welfare gains from this type of convergence appear relatively limited for the typical emerging country. The …

Persistent link: https://www.econbiz.de/10005791683

Economic, Political, and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council

Buiter, Willem H. - C.E.P.R. Discussion Papers - 2008

The paper reviews the arguments for and against monetary union among the six members of the Gulf Cooperation Council - the United Arab Emirates, the State of Bahrain, the Kingdom of Saudi Arabia, the Sultanate of Oman, the State of Qatar and the State of Kuwait. Both technical economic arguments...

Persistent link: https://www.econbiz.de/10005791819

Persistent Differences in National Productivity Growth Rates with a Common Technology and Free Capital Mobility

Buiter, Willem H.; Kletzer, Kenneth - C.E.P.R. Discussion Papers - 1991

The paper develops a two-country endogenous growth model to investigate possible causes for the existence and persistence of productivity growth differentials between nations, even though these countries show a common technology, constant returns to scale and perfect international capital...

Persistent link: https://www.econbiz.de/10005792009

Irish Economic Growth, 1945-88

O'Gráda, Cormac; O'Rourke, Kevin Hjortshøj - C.E.P.R. Discussion Papers - 1994

's record is assessed against the evidence in OECD and Penn Mark V datasets for a `convergence club' of European economies, and … surprisingly, Ireland also performed less well than predicted by convergence criteria in both 1960-73 and 1973-88. The paper then …

Persistent link: https://www.econbiz.de/10005792010

Foreign Investment, Corporate Ownership, and Development: Are Firms in Emerging Markets Catching Up to the World Standard?

Sabirianova Peter, Klara; Svejnar, Jan; Terrell, Katherine - C.E.P.R. Discussion Papers - 2005

advanced economies. We examine the extent of this convergence in the Czech Republic and Russia, economies that represent …

Persistent link: https://www.econbiz.de/10005792168

Monetary Union, Entry Conditions and Economic Reform

Ozkan, F Gulcin; Sibert, Anne; Sutherland, Alan - C.E.P.R. Discussion Papers - 1997

This paper models the behaviour of a potential entrant into a monetary union where there is an inflation entry condition. In addition to making a monetary policy decision during a qualifying period, the potential entrant must make a decision about structural reform. The paper shows that the...

Persistent link: https://www.econbiz.de/10005792219