Multinationals, Endogenous Growth and Technological Spillovers: Theory and Evidence |
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Page 9
... Kehoe and Kehoe ( 1992 ) find evidence of scale effects in industry - level data , as do we below . The fact that scale effects are found in industry data but not in macro data ( where services are dominant ) lends further credence that ...
... Kehoe and Kehoe ( 1992 ) find evidence of scale effects in industry - level data , as do we below . The fact that scale effects are found in industry data but not in macro data ( where services are dominant ) lends further credence that ...
Page 14
... Kehoe and Kehoe ( 1992 ) that so - called scale effects do exist in industry level data . To check for the robustness of our results , we re - do the basic regressions using two alternative proxies for the third term in ( 16 ) . The ...
... Kehoe and Kehoe ( 1992 ) that so - called scale effects do exist in industry level data . To check for the robustness of our results , we re - do the basic regressions using two alternative proxies for the third term in ( 16 ) . The ...
Page 16
... Kehoe , P. and T. Kehoe , 1992 , In Search of Scale Effects in Trade and Growth , Journal of Economic Theory 58 , 377-409 . Baldwin and Seghezza , 1996 , Trade induced investment - led growth , NBER WP 5582 . Baldwin R. E. and R ...
... Kehoe , P. and T. Kehoe , 1992 , In Search of Scale Effects in Trade and Growth , Journal of Economic Theory 58 , 377-409 . Baldwin and Seghezza , 1996 , Trade induced investment - led growth , NBER WP 5582 . Baldwin R. E. and R ...
Common terms and phrases
Centre for Economic CEPR countries data from seven determining the endogenous Discussion Papers Economic Policy Research endogenous growth literature endogenous growth models endogenous growth rate equilibrium Euler equation FDI-SPILL Fixed Effects foreign direct investment Grossman and Helpman I-sector innovation sector inputs international knowledge spillovers International Trade ISDB Jacobian spillovers Jean Tirole Jones Journal of Economics Kehoe knowledge capital knowledge spillovers Krugman Labour Economics labour productivity learning curve learning externalities long-run growth rate m-type firm manufacturing MAR spillovers markets MNCs play monopolistic competition multinational corporations n-type NBER WP numeraire openness and growth operating profit optimal osmosis output panel data perfect competition pro-growth proxies R&D intensity R&D spending rate via technological regressions Richard E Baldwin Rivera-Batiz role of MNCs Romer seven OECD nations static MNC model steady steady-state growth technological spillovers time-invariant trade and endogenous trade and growth value added variable X-varieties