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Economic growth requires factor reallocation across firms and continuous replacement of technologies. Labor market institutions influence economic dynamism by their impact on the supply of a key factor, skilled workers to new and expanding firms, and the shedding of workers from declining and...
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Evidence suggests that productivity would be much higher and unemployment much lower if the supply of and demand for …
Persistent link: https://www.econbiz.de/10011735125
productivity growth ; technology indicator ; technology shifter ; OECD countries …
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of international patents, country-level R&D productivity increases proportionally with the stock of ideas already …). Second, we find that ideas productivity in a given country is constant or declining in the worldwide stock of ideas. Ideas … effects of international knowledge spillovers. Finally, ideas productivity is concave in the size of the R&D workforce and the …
Persistent link: https://www.econbiz.de/10013292576
of international patents, country-level R&D productivity increases proportionally with the stock of ideas already …). Second, we find that ideas productivity in a given country is constant or declining in the worldwide stock of ideas. Ideas … effects of international knowledge spillovers. Finally, ideas productivity is concave in the size of the R&D workforce and the …
Persistent link: https://www.econbiz.de/10012470846
Since the mid-nineties, U.S. labor productivity outgrows its European counterpart by a wide margin. Several recent … studies have found that this result is brought about by relatively few service industries, where productivity growth has …'s Disease", according to which imbalances in productivity growth between a "progressive" (manufacturing) and a "nonprogressive …
Persistent link: https://www.econbiz.de/10003387432
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The extent of beta- and sigma-convergence of average labor productivity across manufacturing industries in 18 OECD … barriers preventing catch-up to occur. We find the level of averagelabor productivity, as a proxy for these barriers, to be …
Persistent link: https://www.econbiz.de/10011302139