productivity growth linked to the delayed effects of previously invented 'general purpose technologies' stimulated an increase in … fixed investment that became excessive and proved to be unsustainable, while the productivity acceleration helps to account …

reconcile the conflicting primal and dual estimates of productivity growth over the period. …

the technological frontiers. Furthermore, the negative effect of financial constraints on productivity is amplified as …

cycles: during the first phase of each cycle output and productivity grow slowly or even decline, and it is only in the … second phase that growth starts in earnest. The historical record of productivity growth associated with electrification, and …

The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that … intensively use information technologies (IT). This has not occurred in Europe. If the US “productivity miracle” is due to a … abroad. This paper shows in fact that US multinationals operating in the UK do have higher productivity than non …

We measure the impact of a drastic new technology for producing steel, the minimill, on the aggregate productivity of U …'s productivity is linked to this new technology, and operates through two distinct mechanisms. First, minimills displaced the older … in the industry's productivity. Second, increased competition, due to the expansion of minimills, drove a substantial …

relationship between firm age and employee compensation as well as firm age and firm productivity suggest that there may be at …

perspective. It emphasizes the ‘opportunity cost’ approach, which states that firms will intertemporally substitute productivity …