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Exploring Reallocation's Apparent Weak Contribution to Growth
Nishida, Mitsukuni; Petrin, Amil; Polanec, Sašo - National Bureau of Economic Research (NBER) - 2013
Two recent meta-analyses use variants of the Baily, Hulten, and Campbell (1992) (BHC) decompositions to ask whether recent robust growth in Aggregate Labor Productivity (ALP) across twenty-five countries is due to lower barriers to input reallocation. They find weak gains from measured...
Persistent link: https://www.econbiz.de/10010969274
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Innovation and Productivity across Four European Countries
Griffith, Rachel; Huergo, Elena; MAIRESSE, Jacques; … - National Bureau of Economic Research (NBER) - 2006
This paper compares the role innovation plays in productivity across the four European countries France, Germany, Spain and the UK using firm-level data from the internationally harmonized Community Innovation Surveys (CIS3). Despite a considerable number of national firm-level studies analysing...
Persistent link: https://www.econbiz.de/10005084604
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International Comparisons of R&D Expenditure: Does an R&D PPP Make a Difference?
Dougherty, Sean M.; Inklaar, Robert; van Ark, Bart; … - National Bureau of Economic Research (NBER) - 2007
Purchasing power parities (PPPs) for R&D expenditure in 19 manufacturing industries are developed for France, Germany, Japan, the Netherlands and the United Kingdom relative to the United States for the years 1997 and 1987. These PPPs are based on R&D input prices for specific cost categories...
Persistent link: https://www.econbiz.de/10005720303
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Human Capital Accounts: Choice of Rates and Construction of Volume Indices
Fraumeni, Barbara M. - National Bureau of Economic Research (NBER) - 2011
Both human capital and nonhuman capital play an important role in economic growth. Estimates of nonhuman (physical) capital exist for many more countries than for human capital. Recently there has been a significant increase in the number of countries for which estimates of human capital exist,...
Persistent link: https://www.econbiz.de/10008871142
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The Role Of Intangible Capital in the Transformation and Growth of the Chinese Economy
Hulten, Charles R.; Hao, Janet X. - National Bureau of Economic Research (NBER) - 2012
Investment in a broad array of intangible capital - R&D, organizational capital, worker training, and brand equity - has occurred in many of the most advanced world economies and has been found to be an important source of economic growth. This evidence suggests that intangible capital formation...
Persistent link: https://www.econbiz.de/10010950989
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Defying Gravity: How Long Will Japanese Government Bond Prices Remain High?
Hoshi, Takeo; Ito, Takatoshi - National Bureau of Economic Research (NBER) - 2012
Recent academic papers have shown that the Japanese sovereign debt situation is not sustainable. The puzzle is that the bond rate has remained low and stable. Some suggest that the low yield can be explained by domestic residents' willingness to hold Japanese government bonds (JGBs) despite its...
Persistent link: https://www.econbiz.de/10010951172
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Misallocation and Manufacturing TFP in China and India
Hsieh, Chang-Tai; Klenow, Peter J. - National Bureau of Economic Research (NBER) - 2007
establishments to quantify the potential extent of misallocation in China and India compared to the U.S. Compared to the U.S., we … India. When capital and labor are hypothetically reallocated to equalize marginal products to the extent observed in the U ….S., we calculate manufacturing TFP gains of 30-50% in China and 40-60% in India. …
Persistent link: https://www.econbiz.de/10005718194
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Products and Productivity
Schott, Peter K.; Redding, Stephen James; Bernard, Andrew B. - National Bureau of Economic Research (NBER) - 2005
Firms' decisions about which goods to produce are often made at a more disaggregate level than the data observed by empirical researchers. When products differ according to production technique or the way in which they enter demand, this data aggregation problem introduces a bias into standard...
Persistent link: https://www.econbiz.de/10005828755
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Competition and Productivity in Japanese Manufacturing Industries
Okada, Yosuke - National Bureau of Economic Research (NBER) - 2005
This paper examines the determinants of productivity in Japanese manufacturing industries, looking particularly at the impact of product market competition on productivity. Using a newly available panel data on around ten thousand firms in Japanese manufacturing for the years 1994-2000, I show...
Persistent link: https://www.econbiz.de/10005829621
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Does Factor-Biased Technological Change Stifle International Covergence? Evidence from Manufacturing
Berman, Eli - National Bureau of Economic Research (NBER) - 2000
Factor-biased technological change implies divergent productivity growth across countries with different amounts of skill and capital per worker. I estimate the extent of factor bias within industries and countries using a 19-country panel of manufacturing data covering the 1980s. Estimates...
Persistent link: https://www.econbiz.de/10005830525