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

Openness, technology capital, and development

Ellen R. McGrattan

Openness, technology capital, and development

  • 132 Want to read
  • 37 Currently reading

Published by Federal Reserve Bank of Minneapolis, Research Dept. in [Minneapolis, MN] .
Written in English


About the Edition

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. But it can operate only one operation at a given location, so the number of locations is what constrains the number of units it operates using this unit of technology capital. If it has two units of technology capital, it can operate twice as many operations at every location. In this paper, aggregation is carried out and the aggregate production functions for the countries are derived. Our framework interacts well with the national accounts in the same way as does the neoclassical growth model. It also interacts well with the international accounts. There are constant returns to scale, and therefore no monopoly rents. Yet there are gains to being economically integrated. In the framework, a country"s openness is measured by the effect of its policies on the productivity of foreign operations. Our analysis indicates that there are large gains to this openness.

Edition Notes

StatementEllen R. McGrattan and Edward C. Prescott.
SeriesWorking paper / Federal Reserve Bank of Minneapolis, Research Dept -- 651
ContributionsPrescott, Edward C., Federal Reserve Bank of Minneapolis. Research Dept.
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL18006509M
LC Control Number2007618516

  This article studies the long- and short-run relationships between financial development and trade openness. Using the pooled mean group estimator of Pesaran, Shin, and Smith () for unbalanced panel data for 87 countries over the period, our empirical results indicate that long-run complementarity between financial development and trade openness coexists with short . The balance of trade (or trade balance) is any gap between a nation’s dollar value of its exports, or what its producers sell abroad, and a nation’s dollar worth of imports, or the foreign-made products and services that households and businesses purchase. Recall from The Macroeconomic Perspective that if exports exceed imports, the economy is said to have a trade surplus.   One possibility is that Openness has a positive impact on levels of activity engagement, which in turn may facilitate the preservation of intellectual function in old age (Ball et al., ).


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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 gains 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 extend the growth model to include firm-specific technology capital and use it to assess and development book 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 and development book, 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 Openness 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 and development book 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 technology capital 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 technology capital 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. tion growth and human capital on development (D. Gale Johnson and Julian L. Simon), the relationship among human capital, the family, and economic development (Mark R. Rosenzweig), and the crucial issue of workplace training in the United States (Peter B.

Doeringer and Ann P. Bartel). Poland 1. Openness To, and Restrictions Upon, Foreign Investment. Policies Towards Foreign Direct Investment. Poland welcomes foreign investment as a source of capital, growth, and jobs, and as a vehicle for technology transfer, research and development (R&D), and.

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. innovation is often associated with the adoption of foreign technology, and social innovation can improve the effectiveness of business and public services.

High-technology R&D-based innovation matters at later stages of development, when it is both a factor of competitiveness and of learning (which allows for completing the “catch-up. COVID Resources.

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Conscientiousness, a personality trait, reflects the degree to which a person is dependable, responsible, perseverant, and achievement driven. It. "A Structuralist Perspective on the Role of Technology in Economic Growth and Development", World Development, Vol. 19, No The New Economy: For Berter Or Worse Oct EDP's MW Riverstart Solar Park in Randolph County, for instance, expected online inhas a year contract with Hoosier Energy Rural Electric Cooperative Inc.

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Technology is something to resist. Whether it foments antisocial behavior, cultural polarization, or wide-scale labor disruptions, technological change is a frustrating and perennial struggle facing society.

The benefits largely accrue to a few oligarchs. More existentially, digital technologies rob us of our humanity, as automation and machine learning become a dangerous.

The State as a Vehicle of Technological Change: Economic Openness, Technological Catching-up, and Indigenous Innovation in Chinese Firms. Perspectives on Global Development and Technology Title: Associate Professor of Sociology. The trade openness, however, is more prominent in promoting capital market development.

In terms of financial liberalisation, the empirical results suggest that domestic financial sector reforms tend to promote banking sector development, whereas stock market liberalisation is potent in delivering stock market development.The Department of Defense must submit the President's Budget to Congress on the first Monday in February each year.

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