References: Adams‚ J.‚ & Jaffe‚ A. (1996). Bounding the effects of R&D: An investigation using matched establishment-firm data. Rand Journal of Economics‚ 27‚ 700-721. Audretsch‚ D.‚ & Feldman‚ M. (1996). R&D spillovers and the geography of innovation and production. American Economic Review‚ 86‚ 630-640. Brandenburger‚ A.‚ & Nalebuff‚ B. (1996). Co-opetition. New York: Currency/Doubleday. Cairncross‚ F. (1997). The death of distance: How the communications revolution
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Study Based on Absorptive Capacity Abstract Human capital flow is an important factor that affecting the “absorptive capacity” of host countries‚ it is of great significance to strengthen the host countries’ absorptive capacity of FDI technology spillovers. Taking China for example‚ this paper made an empirical analysis about the effect of human capital flows on FDI technological advances‚ we selected the number of foreign students and the number of students that return home‚ as well as the employment
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“When prices are volatile it is in the best interests of both consumers and producers for governments to control and moderate that volatility.” Examine and illustrate why the prices of some goods are more volatile than the prices of others. (10) Given their role in resource allocation‚ is it best for the government to accept whatever volatility of prices may occur in a free market? “Monopolistic competition is the worst of all possible worlds‚ failing to achieve either the pricing efficiency
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Topic 4: Externalities‚ Pollution and Global Warming ECON 1210B Economics and Society 1 Introduction Recall: Markets are usually a good way to organize economic activity In the absence of market failures‚ the market outcome is efficient‚ maximizes total surplus One major type of market failure: externalities Externality: the uncompensated impact of one person’s actions on the well-being of a bystander 2 Externalities and Efficiency In the presence of externality‚ market equilibrium
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growth of developing countries?" in W.J. Baumol‚ R.R. Nelson and E.N. Wolff (eds) Convergence of productivity: Cross national and historical evidence‚ Oxford University Press‚ New York. Blomström‚ M. and F. Sjöholm 1998. "Technology transfer and spillovers: Does local participation with multinationals matter?‚" NBER Working Paper 6816. Blomström‚ M. and E.N. Wolff 1994. "Multinational corporations and productivity convergence in Mexico‚" in W.J. Baumol‚ R.R. Nelson and E.N. Wolff (eds) Convergence
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sphere. Joseph Stiglitz argues that knowledge-based economy generates “powerful spillover effects‚ often spreading like fire and triggering further innovation and setting off chain reactions of new inventions”(NYE‚ 258) In the 21st century globalization‚ most of the effects happen in the capitalist economic sphere (e.g. trade‚ multinational cooperation etc.). Since networks are more interconnected‚ however‚ the spillover effects spill over to the social‚ political and environmental divisions. The rise
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Economics 201 notes Chapter 1 : First Principles • Economics is science of decision making • individual choice is the basis of economics • methodology = cost-benefit analysis • If it does not involve choice‚ it isn ’t economics. • Resources (something used to produce something else) include capital like tools and equipment‚ land like natural resources and labor • Resources are scarce • Opportunity cost are all costs that you must give up to get it. • trade-off is the
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reserve currency after the U.S. dollars. Its share of global reserves is constantly increasing since the inception of the common currency. It becomes evident that any changes in the Euro-zone can potentially have large spillover effects on the international economy. These spillover effects can occur through the Euro-zone‟s financial or trading sectors. THE EURO-ZONE‟S TRADE EXPOSURE ON A GLOBAL SCALE 12th TMUN –
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costly to developing countries‚ both in the short and longer run. The costs were not only in terms of output and employment‚ but also - depending on the way in which education was financed – through additional fiscal costs associated with public subsidies to education. A variety of policy proposals – mostly centred around taxation – were floated‚ although none were ultimately implemented. Part of this may be attributed to likely difficulties with implementation‚ measurement problems - including
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References: Aitken‚ B.‚ G.D. Hanson and A. Harrison (1994)‚ “Spillover‚ Foreign Investment‚ and Export Behavior“‚ NBER Working Paper No Aitken‚ B. and A. Harrison (1991)‚ ”Are There Spillovers From Foreign Direct Investment? Evidence from Panel Data for Venezuela”‚ mimeo‚ MIT and the World Bank‚ November. Balasubramanyam‚ U.N. (1973)‚ International Transfer of Technology to India
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