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This paper surveys recent empirical studies exploring aggregate productivity growth based on firm dynamics, focusing on … micro-data from OECD countries. Aggregate productivity growth can be analysed as a sum of two separate processes. <I …>i</I>) Changes in productivity in individual firms at a given size (relative to market). And, <I>ii</I>) a reallocation process due …
Persistent link: https://www.econbiz.de/10005045691
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10014025596
This paper surveys recent empirical studies exploring aggregate productivity growth based on firm dynamics, focusing on … micro-data from OECD countries. Aggregate productivity growth can be analysed as a sum of two separate processes. i) Changes … in productivity in individual firms at a given size (relative to market). And, ii) a reallocation process due to …
Persistent link: https://www.econbiz.de/10012446254
What can studying the creation of knowledge tell us about how new technical fields emerge and develop? This paper shows how a knowledge community may be necessary to support the legitimacy of new products that undergo performance evaluation before purchase. Using historical and ethnographic data...
Persistent link: https://www.econbiz.de/10010389016
This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run …
Persistent link: https://www.econbiz.de/10005045849
This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run …
Persistent link: https://www.econbiz.de/10012446761
implemented during the 1990s are now paying off in terms of productivity and GDP growth. Empirical evidence suggests that … deregulation has delivered a considerable “productivity dividend”. Although significant progress therefore has been made, renewed …
Persistent link: https://www.econbiz.de/10012444481
This chapter describes the impact of national agricultural research systems on the unfolding of the Green Revolution in four regions: Asia, Latin America, the Middle East and North Africa, and Sub-Saharan Africa. Although international institutions contributed much of the research that led to...
Persistent link: https://www.econbiz.de/10014024078
productivity (MFP) convergence in a panel of 42 countries. The OECD long-term growth model is augmented to show that, in addition …
Persistent link: https://www.econbiz.de/10011276858
adoption costs imply that the Solow residual mismeasures productivity growth: adoption costs are resource costs representing an … unmeasured investment. I find that when this investment is included, productivity grew about 0.4% per annum faster than official … measures during the 70's and early 80's, reducing the size of the productivity "slowdown." Indeed, estimated productivity …
Persistent link: https://www.econbiz.de/10005069701