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We examine the dynamics of knowledge production for a panel of 19 OECD countries. A new and unique data set is used to proxy the domestic flows of “new-to-the-world” knowledge and ideas. We rigorously address the cross-country heterogeneity in the production of knowledge and the endogeneous...
Persistent link: https://www.econbiz.de/10012446444
We analyse the impact of innovation activity and product and labour market institutions on multi-factor productivity in … convergence in productivity levels within most industries across OECD countries. Convergence is however stronger in services than … of innovation activity (proxied by R&D expenditure) on productivity depends on market structure and technological …
Persistent link: https://www.econbiz.de/10012446907
accumulation, a surge in hours worked, and faster growth of total factor productivity. The acceleration of productivity growth …
Persistent link: https://www.econbiz.de/10012444166
This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...
Persistent link: https://www.econbiz.de/10014512116
We develop measures of labor-saving and labor-augmenting technology exposure using textual analysis of patents and job tasks. Using US administrative data, we show that both measures negatively predict earnings growth of individual incumbent workers. While labor-saving technologies predict...
Persistent link: https://www.econbiz.de/10014436977
the US productivity revival and in the evolving US-EU productivity gap. In Israel, the ICT sector grew very rapidly during … productivity growth remained sluggish, with traditional sectors both in manufacturing and services seemingly unable to benefit from …
Persistent link: https://www.econbiz.de/10003741423
Impressive productivity performance during the last decades has weakened since 2007, reflecting the 2008-09 recession … raise long term productivity growth need to be pursued. Current project-based R&D-support and business subsidies seem … quality rather than block grants. Productivity performance could be enhanced by exposing sectors like health provision …
Persistent link: https://www.econbiz.de/10009690915
Despite sound policies and institutions, Danish productivity has grown modestly over the past decade, both historically …
Persistent link: https://www.econbiz.de/10009690977
Australia’s productivity growth has decelerated markedly around the turn of the century. Part of the decline is … probably temporary, but raising multifactor productivity is key to ensure that living standards continue to grow strongly … regulations across states would boost competition and productivity. …
Persistent link: https://www.econbiz.de/10009711215
Danish productivity has grown only weakly over the past two decades, both historically and in relation to other … to continue its efforts to reap the benefits of globalisation, which would contribute to invigorating productivity growth …
Persistent link: https://www.econbiz.de/10010374405