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To date there has been few systematic and comparative empirical analyses of the nature of economic development in Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of structural change between 1980 and 2010, focusing on the...
Persistent link: https://www.econbiz.de/10013077299
€“ innovation and trade – are in danger of being compromised by the COVID-19 pandemic, under conditions increasingly reminiscent … of the medieval world. It comes at a time when innovation had already been stagnating under guild-like corporate …. The COVID-19 pandemic may cause a permanent reduction in innovation and entrepreneurship and may even bring the 4th …
Persistent link: https://www.econbiz.de/10013315031
This study investigates the political economy of industrialization in Ethiopia. It discusses the economic and political institutions during three political regimes and assesses the industrial sector's performance across these different regimes. Further, it evaluates the different industrial...
Persistent link: https://www.econbiz.de/10014256080
, particularly of university scientists, is positively related to innovation; (vi) there are many university spin-offs but these are … (viii) clusters enhance collaboration, patents and productivity. Key problems for economic policy advice are that the …
Persistent link: https://www.econbiz.de/10012940861
with the size of production units. These distortions lead to sharp reductions in plant productivity and the fraction of …
Persistent link: https://www.econbiz.de/10013120407
establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the … decrease in the steady-state average productivity of roughly 0.5 percent compared to the optimum's steady-state. This decrease … in productivity is not innocuous: it leads to a doubling of the welfare cost of inflation …
Persistent link: https://www.econbiz.de/10013154485
Since 2008, France experiences a sharp productivity slowdown. Both output per hour and total factor productivity are … particularly deceptive in the market economy. This recent trend contrasts with the acceleration of productivity during the previous … to have turned productivity more sensitive to the business cycle (and especially to the fall of stock markets) …
Persistent link: https://www.econbiz.de/10013016310
labour costs. Under simple assumptions, up to a certain threshold, technological innovation improves productivity, wages and … and a productivity slowdown, despite greater job strain. The model suggests the possibility of a third phase in which … productivity and wages recover …
Persistent link: https://www.econbiz.de/10013314786
unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the … traditional Solow model, unemployment has neither an influence on long-run productivity growth nor on the long-run level of … productivity. However, if human capital matters, unemployment has a long-run effect on the level of productivity. Moreover, if we …
Persistent link: https://www.econbiz.de/10013321303
Does economic development have an unavoidable ecological cost? We examine the ecological impacts of one of India's signature place-based economic policies involving massive tax benefits for new industrial and infrastructure development following the creation of the new state of Uttarakhand. The...
Persistent link: https://www.econbiz.de/10012838475