Showing 1 - 10 of 12
of productivity growth, but the effect depends critically on a country's level of financial development. For countries …
Persistent link: https://www.econbiz.de/10012466492
, significant, and robust impact on the average annual rate of labor productivity in the domestic industry; (ii) these interaction …
Persistent link: https://www.econbiz.de/10012460587
We examine how credit constraints affect the cyclical behavior of productivity-enhancing investment and thereby … a long-term productivity-enhancing one. Because it takes longer to complete, long-term investment has a relatively less …
Persistent link: https://www.econbiz.de/10012467334
Growth has fallen in the U.S., while firm concentration and profits have risen. Meanwhile, labor's share of national income is down, mostly due to the rising market share of low labor share firms. We propose a theory for these trends in which the driving force is falling firm-level costs of...
Persistent link: https://www.econbiz.de/10012480391
Statistical agencies typically impute inflation for disappearing products based on surviving products, which may result in overstated inflation and understated growth. Using U.S. Census data, we apply two ways of assessing the magnitude of "missing growth" for private nonfarm businesses from...
Persistent link: https://www.econbiz.de/10012453690
This paper examines the potential impact of artificial intelligence (A.I.) on economic growth. We model A.I. as the latest form of automation, a broader process dating back more than 200 years. Electricity, internal combustion engines, and semiconductors facilitated automation in the last...
Persistent link: https://www.econbiz.de/10012453786
mortality below age forty generates productivity gains, which in turn may explain why the positive correlation between health …
Persistent link: https://www.econbiz.de/10012462837
investment in productivity-enhancing long-term projects, and the more so in sectors that rely more on external financing or which … confirms that the positive effects of a more countercyclical fiscal policy on value added growth, productivity growth, and R …
Persistent link: https://www.econbiz.de/10012463531
democracy influences productivity growth in different sectors differently and that this differential effect may be one of the …
Persistent link: https://www.econbiz.de/10012465474
significantly associated with productivity growth for poor but not for rich countries. This effect operates entirely through TFP …
Persistent link: https://www.econbiz.de/10012466393