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Wednesday, July 22, 2020 | History

3 edition of Openness, technology capital, and development found in the catalog.

Openness, technology capital, and development

Ellen R. McGrattan

Openness, technology capital, and development

by Ellen R. McGrattan

  • 224 Want to read
  • 34 Currently reading

Published by National Bureau of Economic Research in Cambridge, Mass .
Written in English

    Subjects:
  • Technology -- Economic aspects,
  • Investments, Foreign,
  • Economic development -- Econometric models

  • About the Edition

    In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains from opening to foreign direct investment. A firm"s technology capital is its unique know-how from investing in research and development, brands, and organization capital. What distinguishes technology capital from other forms of capital is the fact that a firm can use it simultaneously in multiple domestic and foreign locations. Foreign technology capital is exploited by permitting foreign direct investment by multinationals. In both steady-state and transitional analyses, the extended growth model predicts large gains to being open.

    Edition Notes

    StatementEllen McGrattan, Edward C. Prescott.
    SeriesNBER working paper series -- no. 13515., Working paper series (National Bureau of Economic Research) -- working paper no. 13515.
    ContributionsPrescott, Edward C., National Bureau of Economic Research.
    The Physical Object
    Pagination33 p. :
    Number of Pages33
    ID Numbers
    Open LibraryOL17636142M
    OCLC/WorldCa180213719

    The authors of this book tackle the question of whether national policy autonomy is still possible, in the process challenging the new orthodoxy, and the dangers attendant upon deregulation. They explore the `political economy' of financial openness, and the political nature of recent developments such as the ascendency of private financial interests and a reduced role for government. services, domestic capital investment, human capital, market openness, inflation rate, tax income, and government consumption. The data cover 66 countries for the years through However, we limit our analysis to through because the flow of FDI to most developing countries began in .

    openness to trade, net inflows of FDI over GDP, as well as both international and domestic patent applications. Regression 2 substitutes the lag of FDI inflows for current values. In both regressions the coefficients on exports are significantly positive, confirming that openness to trade is conducive to technology development. Openness and development are key words of central importance in describing the dynamism within the present world economy. Openness denotes the entire process of internationalization and liberalization now underway in the commodity markets, factor markets and financial mar kets.

    Openness, technology capital, and development. By Ellen R. McGrattan and Edward C. Prescott. Get PDF ( KB) Abstract. A framework is developed with what we call technology capital. A country is a measure of locations. Absent policy constraints, a firm owning a unit of technology capital can produce the composite output good using the unit of.   This book explains why now is the time to develop a measurement strategy for your firm's L&D investments. To anyone in the HR or learning and development fields, it will come as no surprise that technology is central to developing human capital. Computer-based learning modalities, analytic software, and an overwhelming surplus of data are part Reviews: 4.


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Openness, technology capital, and development by Ellen R. McGrattan Download PDF EPUB FB2

Openness, Technology Capital, and Development A firm’s technology capital is its unique know-how, accumulated from investing in such things as research and development (R&D), organization capital, and brands. Technology capital is distinguished from other types of capital in that a firm can use it simultaneously.

Openness, Technology Capital, and Development Ellen McGrattan, Edward C. Prescott. NBER Working Paper No. Issued in October NBER Program(s):Economic Fluctuations and Growth, International Finance and Macroeconomics, International Trade and Investment In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains from Cited by:   A firm’s technology capital is its unique know-how om investing in research and development, brands, and organization capital.

Technology capital is dis- guished from other forms of capital in that a firm can use it simultaneously in multiple domestic and reign by: Get this from a library. Openness, technology capital, and development. [Ellen R McGrattan; Edward C Prescott; National Bureau of Economic Research.] -- In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the and development book from opening to foreign direct investment.

A firm's technology capital is its. Download Citation | Openness, Technology Capital, and Development | In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains from.

Downloadable. In this paper, we technology capital the growth model to include firm-specific technology capital and use it to assess the gains from opening to foreign direct investment. A firm's technology capital is its unique know-how from investing in research and development, brands, and organization capital.

What distinguishes technology capital from other forms of capital is the fact that a firm can. Openness, technology capital, and development.

Ellen R In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains from opening to foreign direct investment. A firm's technology capital is its unique know-how from investing in research and development, brands, and organization capital.

Downloadable. Author(s): Ellen McGrattan & Edward C. Prescott. Abstract: In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains from opening to foreign direct investment. A firm's technology capital is its unique know-how from investing in research and development, brands, and organization capital.

CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): A framework is developed with what we call technology capital. A country is a measure of locations.

Absent policy constraints, a firm owning a unit of technology capital can produce the composite output good using the unit of technology capital at as many locations as it chooses.

Openness, Technology Capital, and Development Ellen McGrattan and Edward C. Prescott NBER Working Paper No. October JEL No. F23,F41,O11,O32 ABSTRACT In this paper, we extend the growth model to include firm-specific technology capital and use it to.

short-term capital flows can set back financial development). Intuitively, financial openness would seem to have a positive influence on economic growth. Foreign direct investment (FDI) inflows can foster growth by bringing in advanced foreign technology.

Beige Book Research We conduct world-class research to inform and inspire policymakers and the public. Economists Research Groups Economic Research Opportunity & Inclusive Growth Institute Openness, Technology Capital, and Development Share.

Facebook LinkedIn Twitter. CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains from opening to foreign direct investment.

A firm’s technology capital is its unique know-how from investing in research and development, brands, and organization capital. Openness, Technology Capital, and Development Ellen R. McGrattan and Edward C. Prescott ∗ Working Paper April ABSTRACT A framework is developed with what we call technology capital.

A country is a measure of locations. Absent policy constraints, a firm owning a unit of technology capital can produce the composite. A firm’s technology capital is its unique know-how from investing in research and development, brands, and organization capital.

Technology capital is distinguished from other forms of capital in that a firm can use it simultaneously in multiple domestic and foreign locations. A country can exploit foreign technology capital by permitting. Openness, Technology Capital, and Development Ellen McGrattan and Edward Prescott November Financial Openness, Technology Progress and Growth: A Study Based on Empirical Data from China between and Fu Qiang, Chongqing University, China Zhang Xiaobo, Chongqing University, China Hu Xihe, Chongqing University, China.

Abstract: The international capital brought by fiial openness qunanc ickens the developing countries’. WHITEPAPER. Edge Computing: from standard to actual infrastructure deployment and software development. This white paper provides an overview of standardization efforts, including initiatives from industry groups, associations, open source communities and projects (e.g., Open Network Edge Services Software (OpenNESS)), to highlight the key deployment findings from an infrastructure point of.

The World Development Report (World Bank,p. 13) presents results of a growth accounting exercise for developed and developing countries for four time periods between and It shows that the share of ICT capital in the total input factor contribution to GDP growth is very similar in developing and developed countries.

The relevance of recording and assessing countries’ capital flow management measures is well-recognized, but very few studies have focused on low-income developing countries (LIDCs).

A key constraint is the lack of an appropriate index to measure the openness of capital account and its change over time. This paper fills the gap by constructing a de jure index based on information contained. Openness to experience, or simply openness, is a basic personality trait denoting receptivity to new ideas and new experiences.

It is one of the five core personality dimensions that drive.Technology changes were more important than changes in capital and labor during the growth of US economy in the first half of the century In the 's and 's a full 20% of US economic growth stemmed from research and development Using science and technology % of the labor force in the north are in food production.As a vital component of human dignity, autonomy, and personal empowerment, economic freedom is valuable as an end itself.

Just as important, however, is the fact that economic freedom provides a.