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supply side at center stage, affording little or no role for demand or overseas trade. Recently, alternative explanations … have placed an emphasis on the importance of trade with New World colonies, and the expanded supply of raw cotton it … for 1760 and 1850. Neither claim is supported. Trade was vital for the progress of the industrial revolution; but it was …
Persistent link: https://www.econbiz.de/10005497925
Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for … trade in explaining British living standards or growth rates. We construct a three-region model of the world in which … that while trade had only a small impact on British welfare in the 1760s, it had a very large impact in the 1850s. This …
Persistent link: https://www.econbiz.de/10011083876
We estimate the effect of international trade on average labour productivity across countries. Our empirical approach … relies on a summary measure of trade that, we argue, is preferable to the one conventionally used on both theoretical and … empirical grounds. In contrast to the marginally significant and non-robust effects of trade on productivity found previously …
Persistent link: https://www.econbiz.de/10005661691
This Paper develops a dynamic general equilibrium model of North-South trade with scale-invariant growth. Northern … imitative R&D to copy state-of-the-art quality Northern products. Both innovation and imitation rates are endogenously …
Persistent link: https://www.econbiz.de/10005656156
This paper develops a dynamic general equilibrium model of North-South trade and economic growth. Both innovation and … trade costs. …
Persistent link: https://www.econbiz.de/10005114418
countries, suggest that R&D spillovers from the industrial countries in the North to the developing countries in the South are …
Persistent link: https://www.econbiz.de/10005667027
We examine the growth promoting roles of R&D, international R&D spillovers, and trade in a world econometric model. A … countries. Our simulations suggest that R&D, R&D spillovers, and trade play important roles in boosting growth in industrial and … of MULTIMOD that incorporates R&D spillovers among industrial countries and from industrial countries to developing …
Persistent link: https://www.econbiz.de/10005123493
The empirical analysis in "International R&D Spillovers" (Coe and Helpman, 1995) is first revisited by applying modern … they impact the degree of R&D spillovers. …
Persistent link: https://www.econbiz.de/10005124193
innovation output as measured by patent applications. We first estimate a long-run cointegration relation using recently … analyse the impulse response of new ideas to a shock to R&D or to a shock to innovation by estimating an error correction … mechanism. We find that internationally generated ideas have a very significant impact in helping innovation in a country. As a …
Persistent link: https://www.econbiz.de/10005666419
We show that when the researcher’s (observable but not contractible) contribution to innovation is crucial, a covenant …
Persistent link: https://www.econbiz.de/10005504700