Showing 1 - 10 of 12
energy productivity and overall productivity in the American economy in the 1920s. This view was challenged by Nicholas and … Moser (2004) based on patent statistics. We argue that other methods are required for studying productivity effects and … propose cointegration analyses. We demonstrate a clear impact from electrification on energy productivity in those broad …
Persistent link: https://www.econbiz.de/10005148507
This paper examines the economic and financial linkages between Morocco and Tunisia and their European partners. Using structural vector autoregressions, we find that growth shocks in European partner countries generate significant responses on growth in Morocco and Tunisia. For Tunisia, exports...
Persistent link: https://www.econbiz.de/10008727792
effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners … regional free trade arrangements should be used to accelerate, rather than postpone, needed structural reform. …
Persistent link: https://www.econbiz.de/10005599680
This paper extends Grossman and Helpman’s seminal work (1991), and presents an endogenous growth model where innovations created in a high-tech sector may be assimilated or adapted by a low-tech sector. Applying a simple Heckscher-Ohlin framework, the effects of technological diffusion are...
Persistent link: https://www.econbiz.de/10005599706
China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s...
Persistent link: https://www.econbiz.de/10005252521
of growth and poverty reduction. Trade openness has important positive spillovers on other aspects of reform, however, so …This survey of the recent literature asks: how important is trade policy for poverty reduction? We consider the effects …-level research, and case studies) supports the view that trade openness contributes greatly to growth. Moreover, trade openness does …
Persistent link: https://www.econbiz.de/10005263804
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model encompasses an approximate linear panel dynamic stochastic general equilibrium model featuring a monetary transmission...
Persistent link: https://www.econbiz.de/10011123852
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within...
Persistent link: https://www.econbiz.de/10011242223
, providing useful tailwinds to their recovery process? This study investigates the potential relevance of growth spillovers in … Japan remain the key source of growth spillovers in this recovery, with France also playing an important role for the … spillovers compared to other systemic countries, but likely plays a key role in transmitting and amplifying external growth …
Persistent link: https://www.econbiz.de/10009327861
This paper estimates the effects of trade liberalization on plant productivity. In contrast to previous studies, we … distinguish between productivity gains arising from lower tariffs on final goods relative to lower tariffs on intermediate inputs …. Lower output tariffs can produce productivity gains by inducing tougher import competition whereas cheaper imported inputs …
Persistent link: https://www.econbiz.de/10005769329