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This paper provides empirical evidence on the response of labor productivity to the arrival of new inventions. The … analysis shows that labor productivity may temporarily fall below trend after technological progress. However, the effects on … productivity differ between the pre- and post-World War II periods. The pre-war period shows evidence of a productivity slowdown as …
Persistent link: https://www.econbiz.de/10005768749
The knowledge production function is central to R&D-based growth models. This paper empirically investigates the knowledge production function and intertemporal spillover effects using cointegration techniques. Time-series evidence suggests there are two long-run cointegrating relationships. The...
Persistent link: https://www.econbiz.de/10005605296
output. We find that public capital accounts for about half of the post-1973 productivity slowdown, but only plays a minor … role in the partial recovery of labor productivity growth since the mid 1980s. The largest contribution to that (partial …
Persistent link: https://www.econbiz.de/10005263996
suggested that these differences should be driven by cross-country differences in total factor productivity (TFP). This paper … discusses various measures of productivity and its determinants for the OECD countries from different dimensions: (i) the … measurement perspective; (ii) evidence on the evolution of productivity levels across OECD countries; and (iii) a critical review …
Persistent link: https://www.econbiz.de/10005264011
This paper investigates the main postulations of the R&D based growth models that innovation is created in the R&D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of R&D. The analysis employs various panel data techniques and...
Persistent link: https://www.econbiz.de/10005826633
Do tax incentives for science and technology stimulate additional investment? We use detailed data on applications and acceptances for R&D tax incentives, a special survey, and for the first time, the science and technology module from the 2000-2002 Survey of Manufacturers database in Colombia...
Persistent link: https://www.econbiz.de/10005768986
result is in line with similar findings for the U.S. and the U.K. Furthermore, the growth in GDP and labor productivity may …
Persistent link: https://www.econbiz.de/10008540916
Total factor productivity (TFP) of 14 manufacturing sectors in France has kept up with that of the United States during … indicate that sectors further behind the technological frontier experience faster productivity growth and that spending on …
Persistent link: https://www.econbiz.de/10005599272
innovate in equilibrium, in an attempt to force followers out of the innovation game. Second, policies (such as patents) that …
Persistent link: https://www.econbiz.de/10008876600
After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the...
Persistent link: https://www.econbiz.de/10010878427