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high productivity growth in the industry producing electric motors in 1920-29. In contrast to Sweden, the US annual total … factor productivity growth was only, according to current best estimates, 3.5 percent in Electric machinery compared to 5 … growth ; Electrification ; ICT revolution ; Productivity growth ; General Purpose Technologies ; Innovation …
Persistent link: https://www.econbiz.de/10002595427
This study consists of an examination of productivity growth following three major technological breakthroughs: the … original invention until a substantial increase in the rate of productivity growth can be observed. There is also strong … growth rates. For the ICT revolution the highest productivity growth rates are found in the ICT-producing industries. We …
Persistent link: https://www.econbiz.de/10002167825
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The growth effects of international financial liberalization and integration are investigated using the methodology and … not experience higher growth in value added in countries with liberalized financial markets. Liberalization does, however …, increase the growth rates of both production and firm creation among externally dependent industries - given that countries …
Persistent link: https://www.econbiz.de/10001711192
This paper studies studies two-party electoral competition in a setting where no policy is unbeatable. It is shown that if parties take turns in choosing platforms and observe each other's choises, altering one's platform so as to win is pointless since the other party never accepts an outcome...
Persistent link: https://www.econbiz.de/10001760551
Publicly provided health care implies considerable intergenerational redistribution. The possibility of accumulating a fund or debt will affect the degree of redistribution as well as how efficient the financing of health care is. In a voting model we study how governments inability to make...
Persistent link: https://www.econbiz.de/10001638120
natural resources on economic growth is non-monotonic in institutional quality. Mineral rich countries are cursed only if they … ; property rights ; institutions ; economic growth ; development …
Persistent link: https://www.econbiz.de/10001788950
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