This paper attempts to ascertain if skill-biased technologies developed in R&D-active countries diffuse to the rest of the world. First, using a model of international trade, I show the effects of skill-bias knowledge diffusion. The theory suggests that skill-biased technological diffusion need not increase skill premia, as sectoral biases can exert countervailing forces. Second, I test implica...

This paper explores 40 years of data on R&D partnerships. These R&D partnerships are examples of inter-firm collaboration or strategic partnering, a topic that has recently attracted attention in both the academic literature and the popular press. The paper presents an analysis of some basic historical trends and sectoral patterns in R&D partnering since 1960. It also provides an overview of so...

It is generally admitting that specialization and integration do not evolved in the same direction. The analysis of sectoral production in European countries in this paper shows the contrary. Simulation of cross spectrum functions and panel estimation of cointegration relationship between sectoral GDP show that spillover e¤ects of trade are important within a country but also between countries ...

7 We present a model of structural change due to non-linear Engel-curves for consumer 8 goods. Goods are sequentially introduced starting out as a luxury with high income 9 elasticity and ending up as a necessity with low income elasticity. Although this leads to 10 rising and falling sectoral employment shares, the model exhibits a steady growth path 11 along which the Kaldor facts are satisfi...

It is widely believed that the rate of profit across industrial sectors, while not in fact uniform as stipulated in the theory of prices of production, is independent of the sectoral organic composition of capital. It follows that the simple labour theory of value must be systematically in error as a predictor of actual sectoral aggregate prices. We offer empirical evidence from the US economy ...

This paper uses international disaggregated data to investigate the link between volatility and growth. We ...nd the relationship to depend on the level of aggregation. At the sectoral level, volatility is associated with high growth. We use non-parametric methods to show that within activity volatility is typically associated with net entry and higher (total factor) productivity. This is consi...

A key feature of the business cycle data is that output, employment and investment move up and down together in different sectors of the economy. However, standard business cycle models fail to generate this business cycle sectoral co-movement. In this paper we propose a two-sector business cycle model that generates the sectoral cycle co-movement in response to both contemporaneous shocks and ...

Conventional methods for analysing worker flows often focus on gross flows or transition probabilities. This is not necessarily informative for identifying the scale of labour ‘adjustment’ in an economy in the sense of the expansion and decline of industries. We develop a method which relates the individual characteristics of workers to net, rather than gross flows. Our method also allows for i...