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productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for import-related spillovers, but it …We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment … (FDI) between 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity …
Persistent link: https://www.econbiz.de/10005263684
A puzzle in international macroeconomics is that observed real exchange rates are highly volatile. Standard international real business cycle (IRBC) models cannot reproduce this fact. We show that TFP processes for the U.S. and the "rest of the world," is characterized by a vector error...
Persistent link: https://www.econbiz.de/10008559267
Intro -- Contents -- I. INTRODUCTION -- II. DATA -- III. ECONOMETRIC PRELIMINARIES -- IV. "INTERNATIONAL R&D SPILLOVERS …" REVISITED -- V. INSTITUTIONS AND INTERNATIONAL R&D SPILLOVERS -- VI. CONCLUSIONS -- APPENDIX A: ALTERNATIVE SPECIFICATION …
Persistent link: https://www.econbiz.de/10012682177
with substantial declines in partner GDP and firm revenue; (ii) negative spillovers are larger in countries and firms with … stronger trade links with China; and (iii) spillovers from Chinese supply shocks are stronger than spillovers from demand …
Persistent link: https://www.econbiz.de/10015059044
Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality …
Persistent link: https://www.econbiz.de/10011242306
Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries … felt in all advanced economies. Reforms aimed at increasing productivity in services and reducing gaps in employment … protection and benefits between regular and nonregular workers could help put Japan's wages on an upward trajectory in the medium …
Persistent link: https://www.econbiz.de/10004999951
leads to lower wage inequality for different skills, industries and population groups, but has not investigated its impact … productivity and unemployment differentials. …
Persistent link: https://www.econbiz.de/10005264211
This paper quantifies the effect of realized and potential global growth disappointments on export volumes from the Middle East, North Africa, the Caucasus, and Central Asia. Estimates of export elasticities with respect to trading partner GDP indicate non-oil export volumes are relatively...
Persistent link: https://www.econbiz.de/10011142158
This paper studies economic and financial spillovers from the euro area to Poland in a two-country semi …-structural model. The model incorporates various channels of macrofinancial linkages and cross-border spillovers. We parameterize the …
Persistent link: https://www.econbiz.de/10011142199
debated in global and national policy circles. When the U.S. resorted to unconventional monetary policy, spillovers on asset …-term bond yields. Instead, we find that larger spillovers stem more from structural factors, such as the use of new instruments …
Persistent link: https://www.econbiz.de/10011123869