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The Diffusion of Technological Progress in ICT
Elstner, Steffen; Grimme, Christian; Kecht, Valentin; … - 2021
productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative …
Persistent link: https://www.econbiz.de/10013314751
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Techies and Firm Level Productivity
Harrigan, James; Reshef, Ariell; Toubal, Farid - 2023
We study the impact of techies—engineers and other technically trained workers—on firm-level productivity. We first …-neutral productivity in both manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this … of techies on productivity operates mostly through ICT and other techies, not R&D workers. Engineers have a greater …
Persistent link: https://www.econbiz.de/10014348039
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Automation, Economic Growth, and the Labor Share - A Comment on Prettner (2019)
Heer, Burkhard - 2019
Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital. Traditional capital and labor are imperfect substitutes...
Persistent link: https://www.econbiz.de/10012866317
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Technological Growth and Hours in the Long Run : Theory and Evidence
Reif, Magnus; Tesfaselassie, Mewael F.; Wolters, Maik - 2021
Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using a neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction...
Persistent link: https://www.econbiz.de/10013222213
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Economic Globalisation and Africa's Quest for Greener and More Inclusive Growth : The Missing Link
Ofori, Isaac K; Freytag, Andreas; Asongu, Simplice A. - 2023
This study examines the contingency and threshold effects of economic freedom in the economic globalisation (EG) and inclusive green growth (IGG) relationship in Africa. Based on macro data for 22 African countries and the Driscoll-Kraay standard errors with fixed effects instrumental variable...
Persistent link: https://www.econbiz.de/10014347989
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Structural Change and Productivity Growth in Europe - Past, Present and Future
Duernecker, Georg; Sanchez-Martinez, Miguel - 2021
This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a … that structural change may have on future productivity growth. We document that the observed reallocation of economic … activity since the 1970s towards the service sector has exerted a strongly negative effect on aggregate productivity growth in …
Persistent link: https://www.econbiz.de/10013211112
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The Impact of Product and Labour Market Reform on Growth : Evidence for OECD Countries Based on Local Projections
de Haan, Jakob - 2020
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
Persistent link: https://www.econbiz.de/10012829322
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Heavyweights - The Impact of Large Businesses on Productivity Growth
Falck, Oliver - 2021
business size in an industry fosters growth in terms of total factor productivity (TFP). The results suggest that the overall …
Persistent link: https://www.econbiz.de/10013316793
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Structural Change in Production Networks and Economic Growth
Gaggl, Paul; Gorry, Aspen; vom Lehn, Christian - 2023
stemming from reallocation induced by structural change. At the same time, productivity growth within the input-output network …
Persistent link: https://www.econbiz.de/10014348090
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Monetary persistence and the labor market: A new perspective
Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis J. - 2010
In this paper we propose a novel way to model the labor market in the context of a New-Keynesian general equilibrium model, incorporating labor market frictions in the form of hiring and firing costs. We show that such a model is able to replicate many important stylized facts of the business...
Persistent link: https://www.econbiz.de/10010278017