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The Perils of the Learning Model For Modeling Endogenous Technological Change

Nordhaus, William D. - National Bureau of Economic Research (NBER) - 2009

Learning or experience curves are widely used to estimate cost functions in manufacturing modeling. They have recently been introduced in policy models of energy and global warming economics to make the process of technological change endogenous. It is not widely appreciated that this is a...

Persistent link: https://www.econbiz.de/10005714033

New Data and Output Concepts for Understanding Productivity Trends

Nordhaus, William D. - National Bureau of Economic Research (NBER) - 2001

The present study is the second is a series of three papers devoted to issues in the measurement of productivity and productivity growth. The contributions of the present paper are three. First, it introduces a new approach to measuring industrial productivity based on income-side data that are...

Persistent link: https://www.econbiz.de/10005718324

Alternative Methods for Measuring Productivity Growth

Nordhaus, William D. - National Bureau of Economic Research (NBER) - 2001

The present study is a contribution to the theory of the measurement of productivity growth. First, it examines the welfare-theoretic basis for measuring productivity growth and shows that the ideal welfare-theoretic measure is a chain index of productivity growth rates of different sectors...

Persistent link: https://www.econbiz.de/10005829915

Productivity Growth and the New Economy

Nordhaus, William D. - National Bureau of Economic Research (NBER) - 2001

The present study is the third in a series of three papers devoted to issues in the measurement of productivity and productivity growth. The major findings are as follows. First, this study shows that the new data set used here, which develops data on total output, business sector output, and...

Persistent link: https://www.econbiz.de/10005088749

Baumol's Diseases: A Macroeconomic Perspective

Nordhaus, William D. - National Bureau of Economic Research (NBER) - 2006

William Baumol and his co-authors have analyzed the impact of differential productivity growth on the health of different sectors and on the overall economy. They argued that technologically stagnant sectors experience above average cost and price increases, take a rising share of national...

Persistent link: https://www.econbiz.de/10005049915

Empirical Studies of Innovation in the Knowledge Driven Economy

Hall, Bronwyn H; MAIRESSE, Jacques - National Bureau of Economic Research (NBER) - 2006

innovation and knowledge management and their impact on performance at the firm level for a number of countries. These studies … have been conducted using data drawn from innovation surveys combined with data from a number of other sources. The issue … illustrates the value of these surveys in improving our understanding of innovation in firms and raises a number of questions for …

Persistent link: https://www.econbiz.de/10005050393

Measuring the Returns to R&D

Hall, Bronwyn H; MAIRESSE, Jacques; Mohnen, Pierre - National Bureau of Economic Research (NBER) - 2009

We review the econometric literature on measuring the returns to R&D. The theoretical frameworks that have been used are outlined, followed by an extensive discussion of measurement and econometric issues that arise when estimating the models. We then provide a series of tables summarizing the...

Persistent link: https://www.econbiz.de/10008624599

Under the Thumb of History? Political Institutions and the Scope for Action

Duflo, Esther; Banerjee, Abhijit - National Bureau of Economic Research (NBER) - 2014

This paper discusses the two leading views of history and political institutions. For some scholars, institutions are mainly products of historical logic, while for others, accidents, leaders, and decisions have a significant impact. We argue that while there is clear evidence that history...

Persistent link: https://www.econbiz.de/10010951199

Peer Effects, Teacher Incentives, and the Impact of Tracking: Evidence from a Randomized Evaluation in Kenya

Duflo, Esther; Kremer, Michael; Dupas, Pascaline - National Bureau of Economic Research (NBER) - 2008

To the extent that students benefit from high-achieving peers, tracking will help strong students and hurt weak ones. However, all students may benefit if tracking allows teachers to present material at a more appropriate level. Lower-achieving pupils are particularly likely to benefit from...

Persistent link: https://www.econbiz.de/10005248909

Women's Empowerment and Economic Development

Duflo, Esther - National Bureau of Economic Research (NBER) - 2011

Women's empowerment and economic development are closely related: in one direction, development alone can play a major role in driving down inequality between men and women; in the other direction, empowering women may benefit development. Does this imply that pushing just one of these two...

Persistent link: https://www.econbiz.de/10009403418