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This paper studies the effect of competition on firm innovation by developing a discrete-time endogenous growth model … where multi-product firms do two types of innovation subject to friction in technology spillovers. Firms improve their … existing products through internal innovation while entering others' product markets through external innovation. We introduce …
Persistent link: https://www.econbiz.de/10013226722
This chapter covers the theory and methods for productivity measurement for nations. Labor, multifactor and total factor productivity measures are defined and are related to each other and to gross domestic product (GDP) per capita. Their growth over time and relative counterparts are defined as...
Persistent link: https://www.econbiz.de/10014024949
In a world where poor countries provide weak protection for intellectual property rights, market integration shifts technical change in favor of rich nations. Through this channel, free trade may amplify international income differences. At the same time, integration with countries where...
Persistent link: https://www.econbiz.de/10012735885
In a world where poor countries provide weak protection for intellectual property rights, market integration shifts technical change in favor of rich nations. Through this channel, free trade may amplify international income differences. At the same time, integration with countries where...
Persistent link: https://www.econbiz.de/10012729668
, export or import bans would come at a deleterious cost to the global economy. The paper concludes that fostering …
Persistent link: https://www.econbiz.de/10013252019
of interdependent economies, for sustaining innovation and reducing income inequality. Supportive empirical evidence is …
Persistent link: https://www.econbiz.de/10014074757
We use a computable general equilibrium model in an explanation of the recent rapid growth in Australia's trade, particularly intra-industry trade. Relative to previous studies of trade growth based on multiple regression analysis, our approach allows us to: (i) work at a detailed industry...
Persistent link: https://www.econbiz.de/10014154342
Persistent link: https://www.econbiz.de/10003579810
relationship between real exports and real GDP in Thailand using quarterly data from 1993 to 2008. The results from the bounds … testing for cointegration in a multivariate framework show that there is evidence of the validity of the export-led growth … hypothesis, even though some previous studies that used Thailand data reject it. There exists the long-run causation running from …
Persistent link: https://www.econbiz.de/10014182895
paper explores the validity of the tourism-led growth hypothesis for Thailand using quarterly data from 2006 to 2017. The … that the tourism-led growth hypothesis holds for Thailand …
Persistent link: https://www.econbiz.de/10013214874