knowledge sector is bounded, as productivity increases, the economy moves from a “Solovian zone“ where wages increase with … productivity, to a “Marxian“ zone where they paradoxically decline with productivity. This is because as consumption of a given … creativity is more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from …

Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in …, Britain, France, Germany and Japan and proceeds to evaluate the hypothesis of a productivity bonus as postulated by many … there was no generalized productivity boost from electrical power diffusion as postulated by many existing GPT models. The …

In recent years wages in China have been rising and the yuan has appreciated, potentially eroding China’s cost … advantage in manufactures. This paper explores the evolution of China’s relative unit labor costs in manufacturing over 1998 …-2009. Between 1998 and 2003 China’s unit labor costs fell, but since 2003 they have increased both absolutely and relative to US …