Download PDF by Romer D.: Advanced macroeconomics: Solutions manual

By Romer D.

ISBN-10: 0070536686

ISBN-13: 9780070536685

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Applied econometricians will instantly recognize that these two views of the effects of innovation involve quite different structures of measurement and testing. Adopting the first view leads one to construct models of corporate performance that include, inter alia, an innovation variable, and the parameter of interest is the size of the co-efficient on that variable. Adopting the second view, however, requires one to entertain the hypothesis that the effects of all of the determinants of corporate performance differ between innovating and non-innovating firms.

03. 30. For the period 1973-78, an appropriately redefined NXSLOPE variable had positive but statistically insignificant coefficients. = = References Baily, Martin N. and Robert J. 2, 347-432. , Sue Anne Batey Blackman, and Edward N. Wolff (1989) Productivity and American Leadership: The Long View, Cambridge: MIT Press. Denison, Edward F. (1989) Estimates of Productivity Change by Industry, Washington: Brookings. Flamm, Kenneth (1987) Targeting the Computer, Washington: Brookings. Gray, Wayne B.

SCHERER IMpORT SHOCK EFFECTS We tum now to a quite different shock effect hypothesis. S. manufacturers were subjected to rapidly rising import competition. 8 percent in 1986. S. dollar during the early 1980s, which in tum was induced by unusually tight monetary policy. , those sold by industries sustaining above-average ratios of research and developmentto sales (see Scherer, 1992, pp. 12-13 and 113-116). These import shocks were widely believed to have provided an impetus to the wave of industrial "restructuring" and belt-tightening actions occurring during the 1980s in America.

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Advanced macroeconomics: Solutions manual by Romer D.

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