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Capital (physical and human) doesn't flow from rich to poor countries. We show that in order to solve these twin paradoxes, assumption of externality of physical capital is better than assumption of externality of human capital.
Persistent link: https://www.econbiz.de/10010898504
Vintage capital growth models have been at the heart of growth theory in the 60s. This research line collapsed in the late 60s with the so-called embodiment controversy and the technical sophisitication of the vintage models. This paper analyzes the astonishing revival of this literature in the...
Persistent link: https://www.econbiz.de/10009644799
that core infrastructure and Information & Communication Technology (ICT) matter for Total Factor Productivity (TFP) and …
Persistent link: https://www.econbiz.de/10009644165
increase of the Total Factor Productivity of the consumption sector. Physical and technological capital are not substitutable … technologies begin to have an impact on the productivity of the consumption sector. However, we show that once a certain level of …
Persistent link: https://www.econbiz.de/10010750459
where output of the whole economy is described by a Cobb-Douglas function and Total Factor Productivity (TFP) is estimated …
Persistent link: https://www.econbiz.de/10010739141
sustained growth rates of labor compensation and poor labor productivity gains lead to large losses in cost competitiveness. The … poor productivity performance is explained by low technical progress and even technical regress. In addition, it is shown …
Persistent link: https://www.econbiz.de/10010663555
order to estimate total factor productivity and compute several measures of spillover effect based on time varying Input …
Persistent link: https://www.econbiz.de/10010821400
Financial development may lead to productivity improvement in developing countries. In this paper, based on the Data … Envelopment Analysis (DEA) approach, we use the Malmquist index to measure China's total factor productivity change and its two … productivity from 1993 to 2001, and that productivity growth was mostly attributed to technical progress, rather than to …
Persistent link: https://www.econbiz.de/10008836793
country's productivity affects the productivity of other countries in the region and test the effectiveness of R&D in terms of … expenditure or investment in human capital on the productivity levels of countries in the region. The results suggest that of the …, private sector funded R&D, have a positive impact on these countries' productivity. In contrast, however, foreign investment …
Persistent link: https://www.econbiz.de/10010632949
We use a firm production function approach to generate estimates of total factor productivity (TFP) and labor … productivity in the manufacturing sector for a group of Latin American countries. We exploit these estimates to study the relative … position of countries within this sector and to explore the main correlates of firm productivity. We find that while the exact …
Persistent link: https://www.econbiz.de/10010635010