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We examine the contribution of incremental and radical innovations to total factor productivity (TFP) growth at the … firm level. The first part of our analysis is dedicated to the determinants of innovation and reveals two different … innovation regimes. On the one hand, radical innovations rely strongly on firm-level spillovers, including property rights, and …
Persistent link: https://www.econbiz.de/10005407643
This paper develops a simple and practical framework for characterizing (long-run) economic growth and fluid capital accumulation under shifting technological change. The framework specifies a technological change that depends on exogenous and endogenous factors as well as the interaction...
Persistent link: https://www.econbiz.de/10005408266
W. Arthur Lewis’s distinction between factors and forces of production, and Paul Romer’s insightful identification of the poverty of objects and the lack of ideas, as central to economic growth rate differences across economies, have enriched economic growth theory. However, both object-...
Persistent link: https://www.econbiz.de/10005556726
introduction). However, what really matters in explaining ICT productivity is the level of innovation the new capital embodies. In …This work attempts to shed light on the “information technology productivity paradox”. Employing a large data set of … Italian manufacturing firms we compute ICT marginal productivity across different cluster of firms and the impact of …
Persistent link: https://www.econbiz.de/10005076878
El objetivo de este trabajo es ofrecer una revisión de las principales regularidades que, desde una óptica microeconómica, se han observado en los trabajos que analizan la evolución de la productividad y los determinantes de su crecimiento en la economía española durante las últimas...
Persistent link: https://www.econbiz.de/10005134478
discussion on possible causes of productivity change in banking. We demonstrate how the banking sector’s service production can … productivity Tornqvist indices for six countries (Finland, Sweden, United Kingdom, Germany, France and Italy) over a period varying … from 11 to 20 years. According to the results, Finnish banking sector productivity has improved via a substantial reduction …
Persistent link: https://www.econbiz.de/10005134839
a non-homothetic technology. Observable skills are not quantitatively important as determinants of productivity …
Persistent link: https://www.econbiz.de/10005118707
Estonia is one of the most rapidly developing information societies in Central and Eastern Europe. Still, 61% of the Estonian adult population does not use the Internet. The analysis, carried out by the research company Emor and PRAXIS Center for Policy Studies, looked thoroughly at the reasons...
Persistent link: https://www.econbiz.de/10005407742
The Productivity of any organisation is directly correlated to the Effectiveness of the Employee Performance Appraisal … : Technology, Systems and Manpower are linked in an inter- related circle focusing towards Productivity …
Persistent link: https://www.econbiz.de/10005134427
What determines the speed of the technology diffusion? What are the consequences of diffusion? This paper presents a model to address these questions. Skilled machine-users adopt a new technology first, while unskilled users wait until machines become more reliable and accessible. The quality...
Persistent link: https://www.econbiz.de/10005126129