Multinationals, Endogenous Growth and Technological Spillovers: Theory and Evidence |
From inside the book
Results 1-3 of 7
Page 4
... varieties resepectively ) , c ; is consumption of X- variety i , and σ is the constant elasticity of substitution between any two varieties . The representative consumer owns all the nation's L and K , so her income equals wL plus ...
... varieties resepectively ) , c ; is consumption of X- variety i , and σ is the constant elasticity of substitution between any two varieties . The representative consumer owns all the nation's L and K , so her income equals wL plus ...
Page 5
... X are sufficiently high ( ≈0 ) . Determining the number of varieties is trivial when there are only n - type or only m- type firms . In the former case N = K , in the latter N = K / ( 1 + r ) . When there are both types of firms ( i.e. ...
... X are sufficiently high ( ≈0 ) . Determining the number of varieties is trivial when there are only n - type or only m- type firms . In the former case N = K , in the latter N = K / ( 1 + r ) . When there are both types of firms ( i.e. ...
Page 6
... varieties continually growing despite the implied drop in operating profits . The solution is to find a way to keep ... X - sector firm to produce a new variety . The second type is non - appropriable public knowledge that ' spills over ' ...
... varieties continually growing despite the implied drop in operating profits . The solution is to find a way to keep ... X - sector firm to produce a new variety . The second type is non - appropriable public knowledge that ' spills over ' ...
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