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United States, I find no econometric evidence that computer investment is positively linked to TFP growth (over and above its … is positively related to industry productivity growth. The effects are very modest -- adding at most 0.07 percentage … points to annual labor productivity growth …
Persistent link: https://www.econbiz.de/10012469972
, especially efforts to raise the rate of investment. Recent studies of economic growth have raised a debate over the role played … by the investment rate in the long-run performance of the economy. Evidence from the states suggests that the effects of … indicate a substantial role for human capital accumulation in raising productivity, in contrast to the neoclassical focus on …
Persistent link: https://www.econbiz.de/10012474826
We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications …. Coupled with the fact that within-industry productivity gaps are enormous, this suggests that convergence will take a long … higher rates of physical capital accumulation and greater total factor productivity gains. These (relatively) high rates of …
Persistent link: https://www.econbiz.de/10012467642
and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions …, including persistently high but declining rates of labor and total-factor productivity growth, a U-shaped response of the … capital-output ratio, rising rates of investment and employment, and moderate rates of return to capital …
Persistent link: https://www.econbiz.de/10012467958
leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity …Technological diffusion implies a form of 'conditional convergence' as lagging countries catch up with technological …
Persistent link: https://www.econbiz.de/10012470002
In this paper, we examine the changes in per-capita income and productivity from 1700 to modern times, and show four …
Persistent link: https://www.econbiz.de/10012470120
In this paper we emphasize the contribution of technical change, broadly defined, towards productivity growth in … excessively focused on physical capital investments determining productivity differentials, which consequently led to an …
Persistent link: https://www.econbiz.de/10012472735
Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while the education composition of employment has evolved in a surprisingly parallel fashion. In this paper, we propose and test an explanation to these conflicting patterns. The...
Persistent link: https://www.econbiz.de/10012471064
We estimate the effects of technology investments on the demand for skilled workers using longitudinally integrated employer-employee data from the U.S. Census Bureau's Longitudinal Employer-Household Dynamics Program infrastructure files spanning two Economic Censuses (1992 and 1997). We...
Persistent link: https://www.econbiz.de/10012465611
overall productivity level of the economy. A comprehensive income tax, applying to both labour income and capital income … productivity, the adverse effect of income taxation on human capital investments is significantly magnified …
Persistent link: https://www.econbiz.de/10012475500