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China's rising IQ (innovation quotient) and growth : firm-level evidence
Fang, Jing; He, Hui; Li, Nan - 2016
by building a unique dataset uniting detailed firm balance sheet information with firm patent data for the period of 1998 …-2007. We find strong evidence that within-firm increases in patent stock are associated with increases in firm size, exports … also demonstrate similar effects following initial patent application. We also find that although state-owned enterprises …
Persistent link: https://www.econbiz.de/10011716316
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Institutions, innovations, and Growth
Xu, Chenggang - 1999
The fundamental importance of economic institutions for economic growth through their impact on technological change has been argued, reconfirmed by recent empirical studies, but not examined theoretically. This paper tries to fill that gap. In the model proposed, economic growth is affected by...
Persistent link: https://www.econbiz.de/10014403467
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The macroeconomic impacts of digitalization in Sub-Saharan Africa : evidence from submarine cables
Simione, Félix F.; Li, Yiruo - 2021
Persistent link: https://www.econbiz.de/10012605015
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Will the AI revolution cause a great divergence?
Alonso, Cristian; Berg, Andrew; Kothari, Siddharth; … - 2020
This paper considers the implications for developing countries of a new wave of technological change that substitutes pervasively for labor. It makes simple and plausible assumptions: the AI revolution can be modeled as an increase in productivity of a distinct type of capital that substitutes...
Persistent link: https://www.econbiz.de/10012302048
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Financial crises, investment slumps, and slow recoveries
Cerra, Valerie; Hakamada, Mai; Lama C., Ruy - 2021
One of the most puzzling facts in the wake of the Global Financial Crisis (GFC) is that output across advanced and emerging economies recovered at a much slower rate than anticipated by most forecasting agencies. This paper delves into the mechanics behind the observed slow recovery and the...
Persistent link: https://www.econbiz.de/10012610732
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Technological progress, artificial intelligence, and inclusive growth
Korinek, Anton; Schindler, Martin; Stiglitz, Joseph E. - 2021
Advances in artificial intelligence and automation have the potential to be labor-saving and to increase inequality and poverty around the globe. They also give rise to winner-takes-all dynamics that advantage highly skilled individuals and countries that are at the forefront of technological...
Persistent link: https://www.econbiz.de/10012612326
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Harnessing digital technologies to promote SMEs and inclusive growth in the MENAP region
Lukonga, Inutu - 2020
Policy makers in the MENAP region have been formulating policies and designing programs to develop small and medium sized enterprises (SMEs) with a view to create jobs and achieve inclusive growth. But while the programs have helped increase the number of enterprises, growth of SMEs continues to...
Persistent link: https://www.econbiz.de/10012300586
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The leap of the tiger : how Malaysia can escape the middle-income trap
Chérif, Réda; Hasanov, Fuad - 2015
Only a few European economies and Korea and Taiwan Province of China reached high-income status during 1970-2010. Malaysia’s real income per capita increased to 26 percent of the U.S. level in 2010 from 20 percent in 1970. Despite relatively strong growth and a substantial improvement in...
Persistent link: https://www.econbiz.de/10011374753
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Does Technological Diffusion Explain Australia's Productivity Performance?
Tressel, Thierry - 2008
This paper analyzes the impact of product and labor market policies on technological diffusion and multi-factor productivity (MFP) in a panel of industries in 15 OECD countries over the period 1980 to 2003, with a special focus on Australia. We use a simple convergence empirical framework to...
Persistent link: https://www.econbiz.de/10014401500
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It's Not What You Make, it's How You Use it : Measuring the Welfare Benefits of the it Revolution Across Countries
Bayoumi, Tamim - 2002
This paper analyzes the welfare benefits from falling relative prices of IT (information technology) goods across a wide range of countries. We find, using two separate methodologies and datasets, that welfare benefits mainly accrue to users of IT, not their producers, because of falling...
Persistent link: https://www.econbiz.de/10014401665