Showing 1 - 9 of 9
period is considered. The ‘role of the state’ theory performs better until 1970 whereas after the Golden Age, technology and …
Persistent link: https://www.econbiz.de/10005870563
GPT can be defined as "a technology that initially has much scope for improvement and evntually comes to be widely used …). Subsequently, as the scope of the technology is finally exhausted, its impact on growth will fade away. If, at that point, a new …
Persistent link: https://www.econbiz.de/10005870597
In an influential article Saxonhouse and Wright argued that the quality of local cottonwas the single most important factor in explaining national preferences for ring ormule spinning. For Britain, they argue that mills using more flexible mule spindlescould exploit arbitrage opportunities...
Persistent link: https://www.econbiz.de/10005870603
The usual way to evaluate the implications of new technology for economic growth is through growth accounting … technology (ICT) and the results have dominated thinking on the post-1995 growth resurgence in the United States (Oliner and …
Persistent link: https://www.econbiz.de/10005870950
technology adoption and trade in a world of two countriesfacing different technology adoption costs. It shows that a reduction in … the technologyadoption cost in one country increases the productivity, induces more firms to adoptadvanced technology, and … improves welfare in this country, while decreasing the pro-ductivity, inducing more firms to switch back to old technology, and …
Persistent link: https://www.econbiz.de/10009302524
Recently the phenomena of external technology exploitation (ETE) has startet to attract from scholars, business and … politicians likewise alongside with a growth of markets for technology. However, the makets for technology are still characterized …
Persistent link: https://www.econbiz.de/10005866981
The paper evaluates the performance of three popular monetary policy rules when the central bank is learning aboutthe parameter values of a simple New Keynesian model. The three policies are: (1) the optimal non-inertial rule; (2)the optimal history-dependent rule; (3) the optimal price-level...
Persistent link: https://www.econbiz.de/10005870371
New data on individual worker’s outputs show that New England ring spinners exhibited substantial on the job learning c. 1905. Despite this, variable capital-labour ratios meant high labour turnover reduced aggregate labour productivity only fractionally. The combination of variable...
Persistent link: https://www.econbiz.de/10005870600
Virtual assignments are characterized by the spatial separation of private and business life.The virtual delegate lives and interacts in one culture, yet he or she works together mainlywith people from another culture. While the virtual assignee is physically located in theheadquarters, from an...
Persistent link: https://www.econbiz.de/10005869234