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Can general purpose technology theory explain economic growth? : electrical power as a case study

Ristuccia, Cristiano Andrea; Solomou, Solomos - 2014

Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in …, Britain, France, Germany and Japan and proceeds to evaluate the hypothesis of a productivity bonus as postulated by many … there was no generalized productivity boost from electrical power diffusion as postulated by many existing GPT models. The …

Persistent link: https://www.econbiz.de/10010252126

Ideas production and international knowledge spillovers : digging deeper into emerging countries

Luintel, Kul Bahadur; Khan, Mosahid - 2017

Research and Development (R&D) activities of emerging countries (EMEs) have increased considerably in recent years. Recent micro studies and anecdotal evidence points to industrialized countries as the sources of knowledge in EMEs. In this context, we examine ideas production and international...

Persistent link: https://www.econbiz.de/10011752254

The neoclassical growth of China

Fernández-Villaverde, Jesús; Ohanian, Lee E.; Yao, Wen - 2023

This paper studies China's four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very quickly. Second, we show that a minimalist...

Persistent link: https://www.econbiz.de/10014293308

Does financial inclusion enhance per capita income in the least developed countries?

Afonso, António; Blanco-Arana, M. Carmen - 2024

Financial inclusion is a key factor for economic growth in most developing countries. This paper examines the relationship between financial inclusion and Gross Domestic Product (GDP) per capita in the Least Developed Countries (LDCs) using panel data for the period 1990-2021. The empirical...

Persistent link: https://www.econbiz.de/10014514949

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/10012625868

The diffusion of technological progress in ICT

Elstner, Steffen; Grimme, Christian; Kecht, Valentin; … - 2020

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/10012391362

The impact of product and labour market reform on growth : evidence for OECD countries based on local projections

Haan, Jakob de; Wiese, Rasmus - 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/10012238489

Technological growth and hours in the long run : theory and evidence

Reif, Magnus; Tesfaselassie, Mewael F.; Wolters, Maik H. - 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/10012546895

The farmer, the blue-collar, and the monk : understanding economic development through saturations of demands and non-homothetic productivity gains

Gray, Elie; Grimaud, André; Le Bris, David - 2018 - This draft: April 9, 2018

(agriculture, manufacturing and services) characterized by different productivity gains and by saturation levels in the demands of …

Persistent link: https://www.econbiz.de/10011819388

Religion and growth

Becker, Sascha O.; Rubin, Jared; Woessmann, Ludger - 2023

work effort, fertility, and the demographic transition. And it affects total factor productivity by constraining or …

Persistent link: https://www.econbiz.de/10014383297

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