This paper investigates the effects of financial sector, product market, and trade reforms on labor productivity growth its two components—the intra-sectoral (within) inter-sectoral (between) components—in a sample developing countries over 1975–2005. The finds that most past trade, product, sector have increased rate productivity. In particular, are further away from technology leader tend to ...

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 ...