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production, i.e., technology or productive knowledge, gives occasion to a dynamic and uninterrupted growth process, but … technology itself is the product of mental labor. In support of this assertion, a simple model of growth based on productive …The relations between the riches of nations and the riches of Productive Knowledge (Technology) gains increasing …
Persistent link: https://www.econbiz.de/10005125665
perception of decline be reconciled with a reality of growth? The answer is that the "decline" which is perceived is a decline in … domestic output of goods by and large keeps pace with the growth of GDP. This note summarises the statistical evidence for the …
Persistent link: https://www.econbiz.de/10005407637
and gives occasion to a dynamic and uninterrupted growth process, but technology itself is the product of mental labor … productivity increases (growth) in general. P. Romer provides a more specific reply: technological change or the growth of new … of human mind. In other words, knowledge on production, i.e., technology or productive knowledge provides the premises …
Persistent link: https://www.econbiz.de/10005556709
This paper analyzes the impact of changing market structure on environmental research expenditure by investor owned utilities in the US electricity sector for the period 1989-1997. The main finding suggests that after controlling for firm characteristics and the “greenness” of the state,...
Persistent link: https://www.econbiz.de/10005561451
changes, in the sense that the good done to growth by rising remittances is not as great as the bad done by falling …
Persistent link: https://www.econbiz.de/10005076545
We set up a unified growth model capturing the transition of a primitive and egalitarian hunter-gatherer society, into … human capital productivity and pushing the economy to sustained growth: an industrial revolution. Allowing also for a …
Persistent link: https://www.econbiz.de/10005076730
institutions also influences economic growth and the ability of a country to attract trade and foreign direct investment …
Persistent link: https://www.econbiz.de/10005076830
In the debate on monetary policy strategies on both sides of the Atlantic, it is now almost a commonplace to contrast the Fed and the ECB by pointing out the former’s flexibility and capacity to adjust rigidity, and the latter’s extreme caution, and obsession with low inflation. In looking...
Persistent link: https://www.econbiz.de/10005076846
information and communication technology (ICT) on output growth. Following Yorukoglu’s (1998) vintage capital idea, in which ICT …This work attempts to shed light on the “information technology productivity paradox”. Employing a large data set of … doing effects. In terms of growth contribution we find that ICT have an impact disproportionately wide compared to the share …
Persistent link: https://www.econbiz.de/10005076878
This paper investigates the importance that market regulation and financial imperfections have on …rm growth. We … a weak financial market (finance effect), the strictness of product and labor market regulations also affect firm growth … (labor effect). In particular, we show that the stricter the rules the more detrimental the influence on growth in sectoral …
Persistent link: https://www.econbiz.de/10005077008