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between infrastructure and productivity growth remains controversial. In this regard, it is somewhat surprising that … the empirical importance of public capital accumulation to productivity growth. We find little support for claims of a … dramatic productivity boost from increased infrastructure outlays. In a specification designed to provide an upper bound for …
Persistent link: https://www.econbiz.de/10012474091
productivity is endogenously enhanced? To address these questions, we focus on the dynamic effect of trade, in particular, how …
Persistent link: https://www.econbiz.de/10012480413
channels. First, trade raises productivity levels because producers gain access to new imported varieties. Second, increases in … that aggregates these micro gains to obtain an estimate of trade on productivity growth for each country. We find that in … the typical country in the world, new imported varieties account for 15 percent of its productivity growth. These effects …
Persistent link: https://www.econbiz.de/10012466154
productivity growth at the aggregate and firm level during the post-war period. Growth is driven by the development of both (i … variance of aggregate productivity growth is determined mainly by the arrival rate of general innovations. Ceteris paribus, the … increase in firm-level volatility, and a decline in aggregate volatility. The effect on productivity growth is ambiguous. On …
Persistent link: https://www.econbiz.de/10012467175
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
countries matters for productivity, because a country that imports primarily from technological leaders receives more technology … trade patterns in determining technology flows that affect productivity by using industry level data for machinery goods … imports and productivity in eight OECD countries between 1970-91. First evidence that these countries benefit more from …
Persistent link: https://www.econbiz.de/10012471810
In this survey, I discuss four sources of growth of knowledge: research, schooling, learning by doing, and training. In trying to disentangle what is important, I emphasize the following facts: (1) even the most advanced countries spend far more on adoption of existing technologies than on...
Persistent link: https://www.econbiz.de/10012473484
differences between national or regional productivity growth rates, when there are constant static returns to scale in production … account for permanent international productivity growth differentials. An alternative mechanism is the nontradedness of an …
Persistent link: https://www.econbiz.de/10012474745
The role of agricultural productivity in economic development is addressed in a two-sector model of endogenous growth … predicts a positive link between agricultural productivity and economic growth and thus provides a formalization of the …
Persistent link: https://www.econbiz.de/10012475414
This paper revisits the important ideas proposed by Atkinson and Stiglitz's seminal 1969 paper on technological change. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological change literature, it explains how these three...
Persistent link: https://www.econbiz.de/10012458604