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We analyze the impact of international R&D spillovers on recipient countries in terms of social and private returns. We … Productivity. We endogenize the accrual of the R&D stocks by estimating an R&D investment function. We find that the marginal …&D intensive countries are expected to generate more spillovers at the margin, but the observed R&D stock is smaller than the …
Persistent link: https://www.econbiz.de/10011584954
In the past decades, intangibles assets have become an important source of productivity and economic growth in … the impact of intangible investments on productivity growth in frontier countries, there is not much evidence for the … productivity at the firm level. Second, the analysis at the firm level and the panel structure of the data allows us to control for …
Persistent link: https://www.econbiz.de/10015325241
data on market sector productivity, R&D and non-R&D intangible assets, and public sector R&D spending. We look for evidence … of market sector spillovers from intangible investment and from public R&D. We find (a) no evidence of spillover effects … from intangible investment at the market sector level, including from R&D, (b) strong evidence of market sector spillovers …
Persistent link: https://www.econbiz.de/10010269519
Alarmed by the persistent and large US trade deficit vis-à-vis China and the rapidly swelling Chinese foreign exchange …. Thus, a moderate appreciation of the RMB would not equilibrate the bilateral trade flows or remedy current account …
Persistent link: https://www.econbiz.de/10011790336
Across the world, a structural growth slowdown is underway: at current trends, the global potential growth rate - the maximum rate at which an economy can grow without igniting inflation - is expected to fall to a three-decade low over the remainder of the 2020s. The slowdown could be even more...
Persistent link: https://www.econbiz.de/10014540975
This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits … a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …
Persistent link: https://www.econbiz.de/10010377291
publicly funded part of business R&D only leads to spillovers. The results further suggest that both upstream and downstream … spillovers matter, regardless of the source of funding, and that the R&D returns were heavily affected by the economic crisis …
Persistent link: https://www.econbiz.de/10012389250
Corporate investment is crucial for productivity growth. When economic growth is sluggish and productivity growth weak … connection between public indebtedness and productivity growth from the point of view of private investment. According to … existing economic research, public debt crowds out private investment slowing down both economic and productivity growth. Our …
Persistent link: https://www.econbiz.de/10014278317
This paper uncovers an inverted U-shaped relationship between firm exit and total factor productivity (TFP) growth … Research, 2017) and develop a model of firm dynamics with exit spillovers calibrated to match the nonlinearity found in the …
Persistent link: https://www.econbiz.de/10014496149
productivity change; when expenditure on consumer durables is recorded as capital investment. The capitalization of consumer … durables impacts both the levels and growth rates of the capital stock, productivity and GDP. Our growth accounting … productivity growth in 1995-2004. ICT's impacts were larger, i.e., one-fifth of GVA growth and one-sixth of labour productivity …
Persistent link: https://www.econbiz.de/10010273013