Showing 1 - 10 of 103
three questions (a) What is the source of knowledge flows? (b) To what extent do such flows contribute to productivity …
Persistent link: https://www.econbiz.de/10005796134
What factors underlie industry differences in research intensity and productivity growth? We develop a multi … consumer preferences. We find that industry differences in both productivity growth and R&D intensity mainly reflect …
Persistent link: https://www.econbiz.de/10005256487
measured the contribution of organization capital to the conventional TFP growth. The estimation results implied that the … growth of organization capital did not have significant effects on productivity growth. …
Persistent link: https://www.econbiz.de/10005150993
We study a multi-sector model of growth with differences in TFP growth rates across sectorsand derive sufficient conditions for the coexistence of a balanced aggregate growth path, withall aggregates growing at the same rate, and structural change, characterized by sectoral laborreallocation....
Persistent link: https://www.econbiz.de/10005016684
We develop a multi-sector general equilibrium model in which productivity growth is driven by the production of sector …-specific knowledge. In the model, we find that long run differences in total factor productivity growth across sectors are independent of …
Persistent link: https://www.econbiz.de/10005017000
capacity'). In this paper we document that there has been convergence of TFP within a panel of industries across thirteen OECD … productivity growth. …
Persistent link: https://www.econbiz.de/10005017079
PPP estimation and measurement error in low-income countries do not drive the result. …
Persistent link: https://www.econbiz.de/10009147093
In this paper we study whether policy makers should wait to intervene until a financial crisis strikes or rather act in a preemptive manner. We study this question in a relatively simple dynamic stochastic general equilibrium model in which crises are endogenous events induced by the presence of...
Persistent link: https://www.econbiz.de/10010583786
In the aftermath of the global financial crisis, a new policy paradigm has emerged in which old-fashioned policies such as capital controls and other government distortions have become part of the standard policy toolkit (the so-called macro-prudential policies). On the wave of this seemingly...
Persistent link: https://www.econbiz.de/10010561809
markets explain both productivity differences and firm density. Estimating structural model parameters is simple and relies on …, while the second incorporates regional costs into production function estimation. The method is applied to Chinese … model, we find that labor markets which provide cost advantages explain substantial differences in firm productivity …
Persistent link: https://www.econbiz.de/10010598185