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effect of individualism on income per worker and total factor productivity as well as on innovation. The baseline genetic …
Persistent link: https://www.econbiz.de/10008680898
Using newly collected national and sub-national data and historical case studies, this paper argues that differences in innovative capacity, captured by the density of engineers at the dawn of the Second Industrial Revolution, are important to explaining present income differences, and, in...
Persistent link: https://www.econbiz.de/10010790517
of product market regulation on mark-ups, firm dynamics, investment, employment, innovation productivity, and output …
Persistent link: https://www.econbiz.de/10005822371
, and (iii) productivity and growth, relative to the contributions of the entrepreneurs’ counterparts, i.e. the ‘control … very important - but specific - function in the economy. They engender relatively much employment creation, productivity …
Persistent link: https://www.econbiz.de/10005822686
China has achieved impressive growth over the last three decades. However, there has been debate over the sources of the growth, and the role of the intensive versus extensive margin. Growth accounting exercises at the aggregate level (Rawski and Perkins, 2008; Bosworth and Collins, 2008) suggest an...
Persistent link: https://www.econbiz.de/10008615448
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Persistent link: https://www.econbiz.de/10010552468
The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and … growth. Clearer positive effects emerge when considering growth channels related to productivity dynamics, with the estimated …
Persistent link: https://www.econbiz.de/10010956114
-wealth ratio, and welfare should be higher in an open economy due to a higher productivity and/or less volatility through risk …
Persistent link: https://www.econbiz.de/10010983184
labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves ….e. unexpected changes in the drift and standard deviation of the stochastic process describing the dynamics of productivity, depends … workers with idiosyncratic productivity below some threshold value. A more volatile environment, and a lower rate of …
Persistent link: https://www.econbiz.de/10005763652
This note investigates the effects of the education level, product market rigidities and employment protection legislation on growth. It exploits macro-panel data for OECD countries. For countries close to the technological frontier, education and rigidities are significantly related to TFP...
Persistent link: https://www.econbiz.de/10005763660