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Long term implications of the ICT revolution: applying the lessons of growth theory and growth accounting
Oulton, Nicholas - London School of Economics (LSE) - 2010
How big a boost to long run growth can countries expect from the ICT revolution? I use the results of growth accounting and the insights from a two-sector growth model to answer this question. The use of a two-sector rather than a one-sector model is required because of the very rapid rate at...
Persistent link: https://www.econbiz.de/10010884516
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Ex post versus ex ante measures of the user cost of capital
Oulton, Nicholas - London School of Economics (LSE) - 2005
When doing growth accounting, should we use ex post or ex ante measures of user costs to calculate the contribution of capital? The answer, based on a simple model of temporary equilibrium, is that ex post is better in theory. In practice researchers usually calculate ex post user costs by...
Persistent link: https://www.econbiz.de/10010745052
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Jeremy Greenwood and Per Krusell, "growth accounting with investment-specific technological progress: a discussion of two approaches" a rejoinder
Oulton, Nicholas - London School of Economics (LSE) - 2007
The May 2007 issue of the Journal of Monetary Economics published a paper of mine entitled ‘Investment-Specific Technological Progress and Growth Accounting’ which critiqued the work of Greenwood, Hercowitz and Krusell. I argued that the Greenwood-Hercowitz-Krusell (GHK) model is a special...
Persistent link: https://www.econbiz.de/10010745181
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Mapping prices into productivity in multisector growth models
Ngai, L. Rachel; Samaniego, Roberto M. - London School of Economics (LSE) - 2008
Two issues related to mapping a multi-sector model into a reduced-form value-added model are often neglected: the composition of intermediate goods, and the distinction between value added productivity and gross output productivity. We demonstrate their quantitative significance for the case of...
Persistent link: https://www.econbiz.de/10010745978
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A statistical framework for the analysis of productivity and sustainable development
Oulton, Nicholas - London School of Economics (LSE) - 2004
To analyse the consequences of the changing economic structure of the UK, we need a set of statistics broken down by industry that are consistent with the whole economy measures available from the national accounts. The theory of growth accounting then provides a framework in which the...
Persistent link: https://www.econbiz.de/10010746112
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Financial institutions and the wealth of nations: tales of development
Tong, Jian; Chenggang, Xu - London School of Economics (LSE) - 2004
Interactions between economic development and financial development are studied by looking at the roles of financial institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the evolution of the financing regimes. The...
Persistent link: https://www.econbiz.de/10010928613
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The Emergence of Regional Policy in Bulgaria: regional problems, EU influences and domestic constraints
Monastiriotis, Vassilis - London School of Economics (LSE) - 2008
In most of the European transition economies regional policy is a relatively new phenomenon, given the absence of a … develop also in the transition period. This was in many respects due to the relative hysteresis of the transition process in … processes of transition and fast economic growth. Nevertheless (or, as a consequence), the emerging regional policy framework in …
Persistent link: https://www.econbiz.de/10005453828
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Happiness in transition: the case of Kyrgyzstan
Namazie, Ceema; Sanfey, Peter - London School of Economics (LSE) - 1998
We analyse self-reported measures of satisfaction with life in a transition country, Kyrgyzstan, using 1993 household …
Persistent link: https://www.econbiz.de/10010744878
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Macroeconomic policies and achievements in transition economies, 1989-1999
Gomulka, Stanislaw - London School of Economics (LSE) - 2000
during the first half of the 21st century is also estimated for key transition economies. …
Persistent link: https://www.econbiz.de/10010745018
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Financial institutions and the wealth of nations: tales of development
Tong, Jian; Xu, Cheng-Gang - London School of Economics (LSE) - 2004
Interactions between economic development and financial development are studied by looking at the roles of financial institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the evolution of the financing regimes. The...
Persistent link: https://www.econbiz.de/10010745283