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Will the AI revolution cause a great divergence?
Alonso, Cristian; Berg, Andrew; Kothari, Siddharth; … - 2020
pervasively for labor. It makes simple and plausible assumptions: the AI revolution can be modeled as an increase in productivity …: improvements in the productivity of 'robots' drive divergence, as advanced countries differentially benefit from their initially …
Persistent link: https://www.econbiz.de/10012302048
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The Elusive Gains From International Financial Integration
Gourinchas, Pierre-Olivier - 2004
from a take-off in domestic productivity of the magnitude observed in some of these countries …
Persistent link: https://www.econbiz.de/10014402004
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The lack of convergence of Latin-America compared with CESEE : is low investment to blame?
Bakker, Bas B.; Ghazanchyan, Manuk; Ho, Alex; Nanda, Vibha - 2020
In the last few decades there has been little convergence of income levels in Latin America with those in the United States, in sharp contrast with both emerging Asia and emerging Europe. This paper argues that lack of convergence was not the result of low investment. Latin America is poorer...
Persistent link: https://www.econbiz.de/10012252005
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Growth Accounting and Growth Processes
Aziz, Jahangir - 1996
The standard growth accounting framework, which weights various inputs by their factor shares to measure their contributions to output growth, is known to underestimate the contribution of inputs in the presence of externalities and increasing returns. This paper develops a model in which, in...
Persistent link: https://www.econbiz.de/10014396032
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The Declining Importance of Tradable Goods Manufacturing in Australia and New Zealand : How Much Can Growth Theory Explain?
Hunt, Ben - 2009
productivity growth in the tradable goods sector in Australia, New Zealand, and their major trading partners accounts for a …
Persistent link: https://www.econbiz.de/10014404297
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Growth, Productivity, and the Rate of Returnon Capital
Chadha, Bankim - 1992
This paper examines the ability of alternative classes of growth models to explain the historical experience of the U.S. economy. The potential returns to the U.S. from raising its investment rate in terms of both the level and growth rate of future output are then quantified. The long-run...
Persistent link: https://www.econbiz.de/10014396329
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Productivity growth and structural reform in Bulgaria : restarting the convergence engine
Mitra, Pritha; Pouvelle, Cyril - 2012
Persistent link: https://www.econbiz.de/10009615565
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China's productivity convergence and growth potential : a stocktaking and sectoral approach
Zhu, Min; Zhang, Longmei; Peng, Daoju - 2019
that China's productivity convergence remains at an early stage, with the industrial sector more advanced than services …
Persistent link: https://www.econbiz.de/10012154921
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Productivity Growth and Structural Reform in Bulgaria : Restarting the Convergence Engine
Pouvelle, Cyril - 2012
Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality …
Persistent link: https://www.econbiz.de/10014396587
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Growth and Convergence in WAEMU Countries
Wane, Abdoul Aziz - 2004
explained by changes in literacy rates and factor accumulation, but not by growth of total factor productivity (TFP …
Persistent link: https://www.econbiz.de/10014402048