Showing 1 - 10 of 668
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 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
To gain insights into the mechanisms that shape the interaction between economic growth and climate change, we analyze the simplified DICE through the lens of growth theory. We analytically show that this model exhibits a continuum of saddle-point stable steady states, a property that carries...
Persistent link: https://www.econbiz.de/10014514947
(agriculture, manufacturing and services) characterized by different productivity gains and by saturation levels in the demands of …
Persistent link: https://www.econbiz.de/10011819388
How do firms adjust their output, inventories, employment and capital in response to demandsideshocks? To understand this, we estimate a reduced-form model using firm-level panel dataand we construct a theoretical model that can match the estimated impulse-response functions.A combination of...
Persistent link: https://www.econbiz.de/10012428917
We develop a procedure to estimate production functions, elasticities of demand, and productivity when firms …
Persistent link: https://www.econbiz.de/10014384034
The Inada (1963) conditions constitute a defining property of the neoclassical production function with capital and labor as arguments. Are these conditions justifiable on economic grounds? Yes, they are: we show that a production function with positive, yet diminishing marginal products and...
Persistent link: https://www.econbiz.de/10010465163
function, total factor productivity, price markups over marginal costs, output prices, output quantities, a demand system, and …
Persistent link: https://www.econbiz.de/10012308513
productivity change. The model implies that (i) the so-far untreated effect stems from firms' planned efficiency responses to the … competitive environment and that (ii) a suit-able proxy to productivity is investment interacted with a sector-level competition …-effects estimation and remedying commonly suspected biases. Whereas productivity change is measured consistently, scale economies are not …
Persistent link: https://www.econbiz.de/10011402611
This paper examines the interaction between productivity growth, firms’ monopolistic market power, and workers’ wage … study the correlation of the estimated parameters and markups with the firm-level productivity growth. Second, the paper …
Persistent link: https://www.econbiz.de/10010496909