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Reexamining foreign direct investment (FDI) as a potential channel for knowledge diffusion - based on industry data … from seventeen OECD countries during the period 1973-2000 - we find that FDI-receiving countries benefit strongly from FDI …-related knowledge spillovers. We do not find evidence for positive FDI-related technology sourcing effects. Instead, our results suggest …
Persistent link: https://www.econbiz.de/10014065104
This paper presents annual estimates of fixed capital stocks and capital services for the United Kingdom, 1950-2013, for the whole economy and for the market sector. Our estimates cover eight asset types (structures, machinery, vehicles, computers, purchased software, own-account software,...
Persistent link: https://www.econbiz.de/10011213430
The evolution of total factor productivity (TFP) is a key determinant of long-run economic growth of a country. In this paper we analyze the contributions from technological change at the industry level to an economy’s aggregate growth performance. Our derivation of economywide TFP growth...
Persistent link: https://www.econbiz.de/10011015339
The Constant Elasticity of Substitution (CES) function is popular in several areas of economics, but it is rarely used in econometric analysis because it cannot be estimated by standard linear regression techniques. We discuss several existing approaches and propose a new grid-search approach...
Persistent link: https://www.econbiz.de/10009147447
Economies at early stages of development are frequently shaken by large changes in growth rates, whereas advanced economies tend to experience relatively stable growth rates. To explain this pattern, we propose a model of technological diversification. Production makes use of input-varieties...
Persistent link: https://www.econbiz.de/10011129969
A standard growth accounting exercise indicates that, after Japan's "lost decade," its overall total-factor-productivity (TFP) growth has increased notably since 2000. This productivity revival has been limited, however, to information technology (IT) production--has not been a broad-based...
Persistent link: https://www.econbiz.de/10010894581
The evolution of total factor productivity (TFP) is a key determinant of long-run economic growth of a country. In this paper we analyse the contributions from technological change at the industry level to an economy's aggregate growth performance. Our derivation of total TFP growth entails...
Persistent link: https://www.econbiz.de/10010944601
This paper studies the productivity impact of heterogeneous capital inputs of selected EU-15 member countries and of the U.S. at the macroeconomic level. The stochastic possibility frontiers approach of Battese and Coelli (1992) applied here is used to identify neutralities or non-neutralities...
Persistent link: https://www.econbiz.de/10010264965
The paper presents a decomposition of a production unit’s cost ratio over two periods into explanatory factors. The explanatory factors are growth in the unit’s cost efficiency, output growth, changes in input prices and technical progress. In order to implement the decomposition, an...
Persistent link: https://www.econbiz.de/10011077589
This paper presents annual estimates of fixed capital stocks and capital services for the United Kingdom, 1950-2013, for the whole economy and for the market sector. Our estimates cover eight asset types (structures, machinery, vehicles, computers, purchased software, own-account software,...
Persistent link: https://www.econbiz.de/10011266090