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Capital Deepening and Non-Balanced Economic Growth

Acemoglu, Daron - 2006

This paper constructs a model of non-balanced economic growth. The main economic force is the combination of differences in factor proportions and capital deepening. Capital deepening tends to increase the relative output of the sector with a greater capital share, but simultaneously induces a...

Persistent link: https://www.econbiz.de/10012466189

Breaks in the Phillips Curve : Evidence from Panel Data

Smith, Simon C.; Timmermann, Allan; Wright, Jonathan H. - National Bureau of Economic Research - 2023

We revisit time-variation in the Phillips curve, applying new Bayesian panel methods with breakpoints to US and European Union disaggregate data. Our approach allows us to accurately estimate both the number and timing of breaks in the Phillips curve. It further allows us to determine the...

Persistent link: https://www.econbiz.de/10014250170

A Surplus of Ambition : Can Europe Rely on Large Primary Surpluses to Solve its Debt Problem?

Eichengreen, Barry - 2014

IMF forecasts and the EU's Fiscal Compact foresee Europe's heavily indebted countries running primary budget surpluses of as much as 5 percent of GDP for as long as 10 years in order to maintain debt sustainability and bring their debt/GDP ratios down to the Compact's 60 percent target. We show...

Persistent link: https://www.econbiz.de/10012458350

Technological Change and the Growing Inequality in Managerial Compensation

Lustig, Hanno - 2009

shift in the composition of productivity growth away from vintage-specific to general growth. This shift has stimulated the …

Persistent link: https://www.econbiz.de/10012463986

Technological Diffusion, Conditional Convergence, and Economic Growth

Bloom, David E. - 2002

leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity …

Persistent link: https://www.econbiz.de/10012470002

Transatlantic Technologies : The Role of ICT in the Evolution of U.S. and European Productivity Growth

Gordon, Robert J. - 2020

We examine the role of the ICT revolution in driving productivity growth behavior for the United States and an …. Using industry-level data from EU KLEMS, we find that most of the 1995-2005 U.S. productivity growth revival was driven by … rather than providing a new permanent era of faster productivity growth. This joint transatlantic post-2005 slowdown is …

Persistent link: https://www.econbiz.de/10012481620

Trade Induced Technical Change? The Impact of Chinese Imports on Innovation, IT and Productivity

Bloom, Nicholas - 2011

We examine the impact of Chinese import competition on patenting, IT, R&D and TFP using a panel of up to half a million firms over 1996-2007 across twelve European countries. We correct for endogeneity using the removal of product-specific quotas following China's entry into the World Trade...

Persistent link: https://www.econbiz.de/10012461940