We decompose the economic implications of the Kyoto Protocol at the cross-country level, splitting the total economic impact for each region into contributions from its own emission abatement policy and those from other regions. Our analysis which is based on a large-scale computable general equilibrium model for the world economy indicates that spillover effects are an important consequence of...

Knowledge spillovers—non-rival information goods with the potential to be adapted by neighboring producers—have been the focus of a large body of empirical and theoretical economic research. However, the majority of existing work only examines two industries (academic and patent citation networks), and only focuses on estimating the effects of individual geopolitical units on knowledge spillove...

Spillovers Through Backward Linkages from Multinationals: Measurement Matters! We argue that the measures of backward linkages used in recent papers on spillovers from multinational companies are potentially problematic, as they depend on a number of restrictive assumptions, namely that (i) multinationals use domestically produced inputs in the same proportion as imported inputs, (ii) multinati...

We analyse spillovers between the real and financial sides of US economy, those in other advanced economies. The approach developed allows for differences sampling frequency macroeconomic data. find that markets are typically net transmitters shocks to side particularly during turbulent market conditions. This result holds both domestic macro-financial spillovers, also Our spillover measures fo...

Abstract How important is foreign knowledge for domestic innovation outcomes? this relation shaped by globalization and the attendant intensification of international competition? Our empirical approach extends previous literature analyzing a large panel comprising industries in both advanced emerging economies over past two decades. We find that barriers to diffusion have fallen significantly ...

This paper examines the effect of the presence of multinational companies on plant survival in the host country. We postulate that multinational companies can impact positively on plant survival through technology spillovers. We study the nature of the effect of multinationals using a Cox proportional hazard model which we estimate using plant level data for Irish manufacturing industries. Our ...