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Five Facts You Need to Know About Technology Diffusion

Comin, Diego; Hobijn, Bart; Rovito, Emilie - 2021

This paper presents a new data set on the diffusion of about 115 technologies in over 150 countries over the last 200 years. We use this comprehensive data set to uncover general patterns of technology diffusion. Our main 5 findings are as follows: (i) Once the intensive margin is measured,...

Persistent link: https://www.econbiz.de/10013248719

Catching-Up to Foreign Technology? Evidence on the "Veblen-Gerschenkron" Effect of Foreign Investments

Urban, Dieter M.; Peri, Giovanni - 2022

The presence of foreign multinational enterprises may benefit local economies. In particular, highly productive foreign-owned firms may promote technological catch-up of local firms. Such channel of spillovers is defined as "Veblen-Geschenkron" effect of Foreign Direct Investments and is...

Persistent link: https://www.econbiz.de/10013324631

Does Trade Cause Capital to Flow? Evidence from Historical Rainfall

Kalemli-Ozcan, Sebnem; Nikolsko‐Rzhevskyy, Alex; … - 2021

fluctuations in regional rainfall within the Ottoman Empire capture the exogenous variation in exports from the Empire to Germany … exported to Germany, France, and the U.K. by the Empire. Using the export-bundle-weighted regional rainfall as an instrument …

Persistent link: https://www.econbiz.de/10013231603

The Economic Consequences of the 1953 London Debt Agreement

Galofré-Vilà, Gregori - 2016

West Germany's external debt and create a series of favourable debt repayment conditions. The London Debt Agreement (LDA …) correlated with West Germany experiencing the highest rate of economic growth recorded in Europe in the 1950s and 1960s. In this … indication of default risk, dropped substantially in West Germany when LDA negotiations began in 1951 and then stabilised at …

Persistent link: https://www.econbiz.de/10012984122

Data Gaps and the Policy Response to the Novel Coronavirus

Stock, James H. - 2020

This note lays out the basic Susceptible-Infected-Recovered (SIR) epidemiological model of contagion, with a target audience of economists who want a framework for understanding the effects of social distancing and containment policies on the evolution of contagion and interactions with the...

Persistent link: https://www.econbiz.de/10012838354

Dynamic Supplier Contracts under Asymmetric Inventory Information

Zhang, Hao; Nagarajan, Mahesh; Sosic, Greys - 2010

In this paper, we examine a supply chain in which a single supplier sells to a downstream newsvendor-type retailer. We make two assumptions that enrich this simple and well-understood model. First, we consider a multi-period model, in which the sequence of events is as follows. In a period, t,...

Persistent link: https://www.econbiz.de/10014047671

Digital Rights Management and the Pricing of Digital Products

Park, Yooki - 2008

As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...

Persistent link: https://www.econbiz.de/10012727035

Investment-Horizon Spillovers

Chinco, Alex - 2017

This paper uses wavelets to decompose each stock's trading-volume variance into frequency-specific components. We find that stocks dominated by short-run fluctuations in trading volume have abnormal returns that are 1% per month higher than otherwise similar stocks where short-run fluctuations...

Persistent link: https://www.econbiz.de/10012950057

Networks and the Macroeconomy : An Empirical Exploration

Acemoglu, Daron - 2015

The propagation of macroeconomic shocks through input-output and geographic networks can be a powerful driver of macroeconomic fluctuations. We first exposit that in the presence of Cobb-Douglas production functions and consumer preferences, there is a specific pattern of economic transmission...

Persistent link: https://www.econbiz.de/10013019498

Spinning the Web : The Impact of ICT on Trade in Intermediates and Technology Diffusion

Juhász, Réka - 2018

This paper studies how information and communication technology (ICT) improvements affect trade along the value chain and international technology diffusion. We examine the impact of a revolutionary technology, the roll-out of the global telegraph network, on the 19th century cotton textile...

Persistent link: https://www.econbiz.de/10012919320