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productivity performance in the 1990s and the contribution to labour productivity growth was at least as strong as it was in the US …. Australia generated a productivity improvement of 1.1 per cent from information and communication technology use and other …
Persistent link: https://www.econbiz.de/10005062448
Integrating hitherto separate IT systems while keeping within with tight budgetary restrictions is becoming the dominant software trend in this decade. Optimism is currently starting to spread again in software houses. However, there are marked regional differences in potential. Contrary to some...
Persistent link: https://www.econbiz.de/10005561401
We study an equilibrium sequential search model where buyers have potentially downward-sloping demand and with bilateral heterogeneity in buyers' search costs and firms' production costs. We show that downward- sloping demand and heterogeneity in production costs are necessary to ensure price...
Persistent link: https://www.econbiz.de/10005550870
In 1913, the Cambridge logician W.E. Johnson published a famous article on demand theory in the Economic Journal. Although Johnson’s treatment of the subject strongly resembles the analysis set forth by Pareto in the Manual of Political Economy, Johnson does not cite the Italian economist....
Persistent link: https://www.econbiz.de/10005412541
We analyse economic welfare in R&D intensive industries under varying assumptions on the spillover process. The focus lies on spillover processes with complementary R&D investments such as those modelling absorptive capacity. There spillovers give rise to both negative and positive...
Persistent link: https://www.econbiz.de/10005412967
Compared to many cross-country studies on the determinants of growth rate, time series approaches are relatively few and limited in scope. However, time series studies are useful for country-specific policies. But in many recent works ad hoc specifications have been used to analyze the...
Persistent link: https://www.econbiz.de/10005561111
rates of growth of the total factor productivity. The rate of growth of the total factor productivity was estimated as a … average annual rates of growth of the total factor productivity were very high (around 6 per cent) in the case of … of total factor productivity over time we found that Czechoslovakia, Poland and Bulgaria experienced a quite considerably …
Persistent link: https://www.econbiz.de/10005125000
This paper builds a production function of skilled and unskilled labour for the economy that does not grow. The paper uses the constant elasticity of substitution production function (CES) of skilled and unskilled labour on the micro level as an important building stone. The paper obtains a...
Persistent link: https://www.econbiz.de/10005125802
It is assumed that performance of production system can be described with the three variables: amount of production equipment -- capital stock $K$ and 'consumption' of labour L and capital services S. It is shown that the production function can be specified as the known Cobb- Douglas production...
Persistent link: https://www.econbiz.de/10005134973
This study presents estimation of production functions for the Soviet industry from the 1951—1970 data. Different specifications and estimation procedures were tried. The results diverged on a wide range and this may have serious implications. The paper shows possible effects of different...
Persistent link: https://www.econbiz.de/10005407937