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We build up from the plant level an "aggregate(d)" Solow residual by estimating every U.S. manufacturing plant … more highly valued activities on average plays a stabilizing role in manufacturing growth. Our results have implications …
Persistent link: https://www.econbiz.de/10013131308
on manufacturing industry-level growth rates and banking market concentration for U.S. states during 1899-1929--a period … when the manufacturing sector was expanding rapidly and restrictive branching laws segmented the U.S. banking system … impact on manufacturing sector growth in the early twentieth century, with little variation across industries with different …
Persistent link: https://www.econbiz.de/10013148371
, technology, and geography, and that none of these alone is sufficient to account for the diverse patterns of global growth. We …
Persistent link: https://www.econbiz.de/10013074652
as they are used in the countries in our sample. We denote these time lags as technology usage lags and compare them with … lags in real GDP per capita. We find that (i) technology usage lags are large, often comparable to lags in real GDP per … they replace combined with the usage lags that we document, lead us to infer that technology usage disparities might …
Persistent link: https://www.econbiz.de/10012760552
In this paper, we develop a model of technology adoption and economic growth in which households optimally obtain … between their growth rates will increase with the growth rate of available technology. By characterizing the optimal Ramsey … available technology. Our theory suggests that European education policies that favored specialized, vocational education might …
Persistent link: https://www.econbiz.de/10013212567
-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production …
Persistent link: https://www.econbiz.de/10013230828
We examine the differential impact of portfolio debt, portfolio equity, and FDI inflows on 37 manufacturing industries … cross-sectional regressions of manufacturing industries' growth rates covering 17 years. Net portfolio debt inflows are … manufacturing sector. For instance, the inflow surge during the financial liberalization period, 1993-1994, is associated with a …
Persistent link: https://www.econbiz.de/10013122429
industrial catching up, defined as the tendency of less industrialized countries to post higher per capita manufacturing growth …
Persistent link: https://www.econbiz.de/10013103787
We present the first comprehensive set of firm-level total factor productivity estimates for China's manufacturing …
Persistent link: https://www.econbiz.de/10013158016
, reducing entry costs or barriers to technology adoption generates the pattern we document in the data. Firm turnover is crucial …
Persistent link: https://www.econbiz.de/10012962176