Showing 1 - 10 of 369
The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that … intensively use information technologies (IT). This has not occurred in Europe. If the US "productivity miracle" is due to a … abroad. This paper shows in fact that US multinationals operating in the UK do have higher productivity than non …
Persistent link: https://www.econbiz.de/10005723169
This paper is an exercise in comparative institutional analysis, asking what kinds of arrangements most facilitate innovation. After identifying pervasive market failures in innovation, it explains why those associated with the Nordic model may be particularly conducive to innovation, and...
Persistent link: https://www.econbiz.de/10010950953
European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment insurance benefits) for providing worker insurance. Employment regulations more directly tax firms making frequent labor adjustments than other labor insurance mechanisms....
Persistent link: https://www.econbiz.de/10008624615
issues in standard productivity analysis, specifically, omission and attribution issues, and, if so, whether the magnitude is …
Persistent link: https://www.econbiz.de/10010951317
Schumpeterian growth theory has "operationalized" Schumpeter''s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process which could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10010951386
This paper assesses the validity and accuracy of firms' backward patent citations as a measure of knowledge flows from public research by employing a newly constructed dataset that matches patents to survey data at the level of the R&D lab. Using survey-based measures of the dimensions of...
Persistent link: https://www.econbiz.de/10010951458
This paper compares the role innovation plays in productivity across the four European countries France, Germany, Spain … still rare. We apply a structural model that describes the link between R&D expenditure, innovation output and productivity … (CDM model). Our econometric results suggest that overall the systems driving innovation and productivity are remarkably …
Persistent link: https://www.econbiz.de/10005084604
This paper introduces a model of endogenous growth through basic and applied research. Basic research differs from applied research in the nature and the magnitude of the generated spillovers. We propose a novel way of empirically identifying these spillovers and embed them in a general...
Persistent link: https://www.econbiz.de/10010821771
This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates as a weighted average of OLS estimates for every possible combination of included...
Persistent link: https://www.econbiz.de/10005084726
This is the first paper to investigate the determinants of the demand for medical care in the People's Republic of China. It uses a data set that consists of detailed characteristics of 6407 urban households, a continuous measure of health care spending, and price. A two-part model and a...
Persistent link: https://www.econbiz.de/10005085421