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作者：Chesnokova, Tatyana
作者单位：University of Auckland
摘要：The paper develops an open economy dynamic model with bequests and credit constraints. The agricultural sector uses only labor, the industrial sector needs an indivisible investment. Under autarky, productive agriculture provides the funds needed for investment in industry and in equilibrium credit constraints are not binding. If agriculture is not sufficiently productive, the price of the industrial good must be high enough to make the industrial sector sustainable. In an open economy, if the...
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作者：Papageorgiou, Chris; Savvides, Andreas; Zachariadis, Marios
作者单位：University of Cyprus; International Monetary Fund; Louisiana State University System; Louisiana State University; Oklahoma State University System; Oklahoma State University - Stillwater
摘要：Does medical technology generated in frontier countries have a significant impact on health outcomes in the rest of the world? This paper considers a framework where non-frontier countries may benefit from medical innovation that is embodied in medical imports or diffuses in the form of ideas. Using a novel dataset from a cross-section of 63 technology-importing countries, we show that medical technology diffusion is an important contributor to improved health status, as measured by life expec...
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作者：Lai, Huiwen; Zhu, Susan Chun
作者单位：Michigan State University
摘要：We derive testable restrictions relating the factor content of bilateral trade to bilateral differences in technology and endowments. This departs from the Heckscher-Ohlin-Vanek theorem which compares the factor content of net trade with factor abundance. We test the theoretical restrictions using a unique dataset that covers 41 developed and developing countries with disparate endowments and technology. We find evidence supporting the predictions. In addition: (1) The factor content predictio...
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作者：Raff, Horst; Schmitt, Nicolas
作者单位：University of Kiel; Simon Fraser University; University of Geneva
摘要：This paper shows that a manufacturer may benefit from parallel trade. In addition to an intuitive condition about the effect of demand shocks, this occurs when competitive retailers must order inventories before they know the realization of demand and for products whose sale value drops at the end of the demand period. For these types of products, letting retailers trade unsold inventories generally results in larger orders placed with the manufacturer and higher manufacturer profit. The model...
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作者：Yasar, Mahmut; Paul, Catherine J. Morrison
作者单位：Emory University; University of California System; University of California Davis; University of California System; University of California Davis
摘要：Productivity growth may be affected particularly for developing countries by international linkages or technology transfer. We evaluate relationships between productivity and FDI, exports, imports and licensing for Turkish manufacturing plants in the apparel, textiles, and motor vehicles industries. We assess performance premia associated with these international technology transfer channels that control for plant size and location. We then use a structural model to allow for plant-specific in...
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作者：Gupta, Poonam; Mishra, Deepak; Sahay, Ratna
作者单位：International Monetary Fund; Delhi School of Economics; The World Bank
摘要：This paper documents the behavior of output and its association with other macroeconomic variables in 195 episodes of currency crises in developing countries during 1970-2000. We find that about 60% of the crises are contractionary, while the rest are expansionary. Crises are one and a half times more likely to be contractionary in emerging markets than in other developing economies. The number of contractionary crises or their severity does not increase in the 1990s. Economies which experienc...
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作者：Lu, Chia-Hui
作者单位：Academia Sinica - Taiwan
摘要：This paper introduces industrial heterogeneity in R&D productivity into the quality-ladder model of the North-South trade to study how firms' choices made between R&D and foreign direct investment (FDI) vary across industries, and how such choices consequently determine the evolution of comparative advantage and trade. It shows that trade reveals product-cycle dynamics in medium-tech industries but remains static in others. High-tech industries experience continued innovation in the North with...
