Narrow search
Showing 1 - 10 of 198
Cover Image
Five Puzzles in the Behaviour of Productivity, Investment and Innovation
Gordon, Robert J - C.E.P.R. Discussion Papers - 2004
Productivity growth in the United States was considerably faster during 2000-03 than in the boom years of 1995 …-2000. This ebullient productivity performance raises numerous questions about its interpretation and its implications for the … justified on the basis of data through the end of 1999 in their claim that part of the post-1995 productivity growth revival …
Persistent link: https://www.econbiz.de/10005123790
Cover Image
Measurement Issues, the Productivity Slowdown and the Explosion of Computer Power
Baily, Martin; Gordon, Robert J - C.E.P.R. Discussion Papers - 1989
job creation in the US, is its slower productivity growth. This paper begins with data showing that US productivity growth … has been essentially zero since 1973 outside of manufacturing. In contrast, productivity growth in US manufacturing has …
Persistent link: https://www.econbiz.de/10005281397
Cover Image
Robots at Work
Graetz, Georg; Michaels, Guy - C.E.P.R. Discussion Papers - 2015
panel of industries in 17 countries from 1993-2007. We find that industrial robots increased both labor productivity and ….37 percentage points. We also find that robots increased both wages and total factor productivity. While robots had no significant …
Persistent link: https://www.econbiz.de/10011196027
Cover Image
Innovative Activity in Wind and Solar Technology: Empirical Evidence on Knowledge Spillovers Using Patent Data
Braun, Frauke G; Schmidt-Ehmcke, Jens; Zloczysti, Petra - C.E.P.R. Discussion Papers - 2010
This paper studies technological change in renewable energies, providing empirical evidence on the determinants of innovative activity with a special emphasis on the role of knowledge spillovers. We investigate two major renewable energy technologies wind and solar across a panel of 21 OECD...
Persistent link: https://www.econbiz.de/10008468596
Cover Image
Financial Innovation and Endogenous Growth
Laeven, Luc; Levine, Ross; Michalopoulos, Stelios - C.E.P.R. Discussion Papers - 2009
We model technological and financial innovation as reflecting the decisions of profit maximizing agents and explore the implications for economic growth. We start with a Schumpeterian endogenous growth model where entrepreneurs earn monopoly profits by inventing better goods and financiers arise...
Persistent link: https://www.econbiz.de/10008528522
Cover Image
Labor Laws and Innovation
Acharya, Viral V; Baghai, Ramin; Subramanian, Krishnamurthy - C.E.P.R. Discussion Papers - 2009
Can stringent labor laws be efficient? Possibly, if they provide firms with a commitment device to not punish short-run failures and thereby incentivize the pursuit of value-maximizing innovative activities. In this paper, we provide empirical evidence that strong labor laws indeed appear to...
Persistent link: https://www.econbiz.de/10004980205
Cover Image
It's Not What You Make, It's How You Use IT: Measuring the Welfare Benefits of the IT Revolution Across Countries
Bayoumi, Tamim; Haacker, Markus - C.E.P.R. Discussion Papers - 2002
This Paper analyses the welfare benefits from falling relative prices of IT (Information Technology) goods across a wide range of countries. Using two separate methodologies and datasets, we find that welfare benefits mainly accrue to users of IT, not their producers, because of falling relative...
Persistent link: https://www.econbiz.de/10005124148
Cover Image
Geographic Localization of International Technology Diffusion
Keller, Wolfgang - C.E.P.R. Discussion Papers - 2001
Convergence in per capita income across countries turns on whether technological knowledge spillovers are global or local in a large class of models. This Paper estimates the amount of spillovers from R&D expenditures in major industrialized countries on a geographic basis. A new data set is...
Persistent link: https://www.econbiz.de/10005124371
Cover Image
Bankruptcy Codes and Innovation
Acharya, Viral V; Subramanian, Krishnamurthy - C.E.P.R. Discussion Papers - 2007
Do legal institutions governing financial contracts affect the nature of real investments in the economy? We develop a simple model and provide evidence that the answer to this question is yes. We consider a levered firm's choice of investment between innovative and conservative technologies, on...
Persistent link: https://www.econbiz.de/10005136739
Cover Image
Changes in the Functional Structure of Firms and the Demand for Skill
Maurin, Eric; Thesmar, David - C.E.P.R. Discussion Papers - 2003
We describe and analyse the changes in the occupational structure of French manufacturing firms between 1984 and 1995. Firms employ a much greater proportions of engineers and researchers working on the design and marketing of new products and a much lower proportion of high-skilled experts...
Persistent link: https://www.econbiz.de/10005067402