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Persistent link: https://www.econbiz.de/10001645379
I speculate that technological spillover effects may have become more important over time as IT penetrated the U.S. economy. The rationale is that IT may speed up the process of knowledge transfer and make these knowledge spillovers more effective. Using US input-output tables for years 1958,...
Persistent link: https://www.econbiz.de/10012461794
There is good reason to believe that R&D influences on TFP growth in other sectors are indirect. For R&D to spill over, it must first be successful in the home sector. Indeed, observed spillovers conform better to TFP growth than to R&D in the upstream sectors. Sectoral TFP growth rates are thus...
Persistent link: https://www.econbiz.de/10014145003
Globalization tends to channel the demand for high-quality products in destinations into the production process of some low-income source countries, and this may enhance human capital investment and skill acquisition in source countries. This paper uses the exposure of 16-year-old cohorts to an...
Persistent link: https://www.econbiz.de/10014076358
Economic growth and a rising stock market in the 1990s gave the impression that everyone was accumulating wealth and asset poverty rates were declining. The impression was supported by the official, income-based poverty measure, which exhibited a sharp decline. According to Senior Scholar Edward...
Persistent link: https://www.econbiz.de/10003354770
Using the Panel Study of Income Dynamics, we investigate occupational and industrial mobility of individuals over the 1969-80 and 1981-93 periods in the United States. We find that workers changed both occupations and industries more frequently in the later period. For example, occupational...
Persistent link: https://www.econbiz.de/10014066301
Persistent link: https://www.econbiz.de/10001765842
Persistent link: https://www.econbiz.de/10001869881
I speculate that technological spillover effects may have become more important over time as IT penetrated the U.S. economy. The rationale is that IT may speed up the process of knowledge transfer and make these knowledge spillovers more effective. Using US input-output tables for years 1958,...
Persistent link: https://www.econbiz.de/10013068477
This paper examines the impact of the operations of foreign-owned multinational firms on the productivity growth of …-owned firms affects the productivity of local firms in that sector and whether there is any evidence of convergence between that … industry's productivity level and that of the United States. The main results can be summarized as follows: First, productivity …
Persistent link: https://www.econbiz.de/10013217612