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The evolution of comparative advantage: Measurement and implications
Levchenko, Andrei A.; Zhang, Jing - 2014
We estimate productivities at the sector level for 72 countries and 5 decades, and examine how they evolve over time in both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew systematically faster in sectors that were initially...
Persistent link: https://www.econbiz.de/10011460688
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Business networks, production chains, and productivity: A theory of input-output architecture
Oberfield, Ezra - 2011
This paper studies an analytically tractable model of the formation and evolution of chains of production. Over time, entrepreneurs accumulate techniques to produce their good using goods produced by other entrepreneurs and labor as inputs. The value of a technique depends on both the...
Persistent link: https://www.econbiz.de/10010292100
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Structural development accounting
Gancia, Gino; Müller, Andreas; Zilibotti, Fabrizio - 2011
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10010316866
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Global innovation spillovers and productivity: Evidence from 100 years of World Patent Data
Berkes, Enrico; Manysheva, Kristina; Mestieri, Martí - 2022
evolution of innovation across time and space and its effect on productivity. We document a substantial rise of international … estimate the causal effect of innovation induced by international spillovers on sectoral output per worker and total factor …
Persistent link: https://www.econbiz.de/10013364536
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Technological change, financial innovation, and diffusion in banking
Frame, W. Scott; White, Lawrence J. - 2009
This paper discusses the technological change and financial innovation that commercial banking has experienced during … change and financial innovation can improve social welfare. We then survey the literature relating to several specific …
Persistent link: https://www.econbiz.de/10010292293
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Venture Capital and Growth of Young High-Tech Firms in the EU: A Systematic Review of the Empirical Evidence
Pantea, Smaranda; Tkacik, Marcel - 2021
innovation and other aspects of firm performance. They suggest that private VC tends to have larger effects than government VC …
Persistent link: https://www.econbiz.de/10014547808
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Mind the knowledge gap!: The origins of declining business dynamism in a macro agent-based model
Delli Gatti, Domenico; Terranova, Roberta; Turco, Enrico - 2023
In this paper we replicate most of the stylized facts characterizing the decline in business dynamism in the USA highlighted by Akcigit and Ates (2021) and provide an explanation of their emergence by means of a macroeconomic agent-based model populated by two types of firms: innovators who...
Persistent link: https://www.econbiz.de/10014550280
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Innovation and imitation in a model of North-South trade
Borota, Teodora - 2010
analyzes a model of North-South trade and endogenous growth through innovation and imitation that can predict the observed … both the innovation in the North and the imitational lag of the South. Opening to trade increases the growth rate and …
Persistent link: https://www.econbiz.de/10010321457
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Induced automation: Evidence from firm-level patent data
Dechezleprêtre, Antoine; Hémous, David; Olsen, Morten; … - 2021
Do higher wages lead to more automation innovation? To answer this question, we first use the frequency of certain … keywords in patent text to create a new measure of automation innovation in machinery. We show that our measure is correlated …-level panel analysis, we find that an increase in low-skill wages leads to more automation innovation with an elasticity between 2 …
Persistent link: https://www.econbiz.de/10012513584
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Does FDI spur innovation, productivity and knowledge sourcing byincumbent firms? Evidence from manufacturing industry in Estonia
Vahter, Priit - William Davidson Institute <Ann Arbor, Mich.> - 2010
Does FDI affect productivity growth, innovation, and knowledge sourcing activities ofdomestic firms? This study employs …
Persistent link: https://www.econbiz.de/10009360488