"Der Beitrag behandelt im Schwerpunkt die schätztheoretische Problematik bei der Erklärung von Veränderungen der Beschäftigungsschwelle des Wirtschaftswachstums, die durch die Spezifikation bedingt ist. Es wird nachgewiesen, daß neben technischen Fortschritt, Skaleneffekt i.a. auch der...

Die Verbreitung von Künstlicher Intelligenz (KI) schreitet immer schneller voran. Vor allem das Aufkommen generativer KI, die die Fähigkeit hat, menschliches Denken und Handeln zu imitieren, führt zu völlig neuen technischen Anwendungsmöglichkeiten und kann zu weitreichenden Veränderungen...

We examine the role of the ICT revolution in driving productivity growth behavior for the United States and an aggregate of ten Western European nations (the EU-10) from 1977 to 2015. We find that the standard growth accounting approach is deficient when it separates sources of growth between...

Only a few European economies and Korea and Taiwan Province of China reached high-income status during 1970-2010. Malaysia's real income per capita increased to 26 percent of the U.S. level in 2010 from 20 percent in 1970. Despite relatively strong growth and a substantial improvement in export...

This paper employs a nonparametric approach to investigate the sources of growth in labor productivity for 77 countries and to decompose it in the following three components: (1) total factor productivity; (2) capital deepening; and (3) technological capabilities accumulation (a proxy of the...

In this paper I calibrate unobserved labor-generated knowledge spillovers within and between six large macroeconomic sectors covering the U.S. civilian economy from 1948 to 1991. Using quality-adjusted data I show that manufacturing and trade & transportation are the main source of knowledge...