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Satiation of need is generally ignored by growth theory. I study a model where consumers may be satiated in any given good but new goods may be introduced. A social planner will never elect a trajectory with long-run satiation. Instead, he will introduce enough new goods to avoid such a...
Persistent link: https://www.econbiz.de/10011744591
data on market sector productivity, R&D and non-R&D intangible assets, and public sector R&D spending. We look for evidence … or defence R&D. Our findings tentatively suggest that for maximum market sector productivity impact government innovation …
Persistent link: https://www.econbiz.de/10010269519
Hiring is a costly activity reflecting firms' investment in their workers. Micro-data shows that hiring costs involve production disruption. Thus, cyclical fluctuations in the value of output, induced by price frictions, have consequences for the optimal allocation of hiring activities. We...
Persistent link: https://www.econbiz.de/10012180082
productivity (TFP) growth of 30 Chinese provinces during the period of 1993 to 2003. The random effects model with heteroscedastic …
Persistent link: https://www.econbiz.de/10010267745
from the EUKLEMS database. Our main findings are as follows. Over 2000-2005, market sector labour productivity grew at 2 … innovation contributed 61% (=(1.24+0.45)/2.74)of labour productivity growth over the period. …
Persistent link: https://www.econbiz.de/10010271890
unemployment response; and the very slow rate of recovery. We review the literature which finds most of the decline in productivity … intensification but employers appeared incapable of turning this effort into improved workplace level productivity. Widespread pay …
Persistent link: https://www.econbiz.de/10011288222
We estimate the effects of robot adoption on firm-level and worker-level outcomes in the Netherlands using a large employer-employee panel dataset spanning 2009-2020. Our firm-level results confirm previous findings, with positive effects on value added and hours worked for robot-adopting firms...
Persistent link: https://www.econbiz.de/10014296741
Improving productivity among microenterprises is important, especially in low-income countries where market … imperfections are pervasive, and resources are scarce. Relaxing credit constraints can increase the productivity of microenterprises … on the overall productivity of rice farmers and disentangled the total effect into technological change (frontier shift …
Persistent link: https://www.econbiz.de/10012141151
we use data on market sector productivity, R&D and non-R&D intangible assets, and public sector R&D spending. We look for … civil or defence R&D. Our findings tentatively suggest that for maximum market sector productivity impact government …
Persistent link: https://www.econbiz.de/10008615440
economies that differ in the volatility and persistence of their productivity shocks, as well as the elasticity of labor supply … labor supply. Second, optimal selectivity is larger, the more persistent the aggregate productivity shocks. Finally, optimal … selectivity is larger, the lower the variance of productivity innovations. The model can be extended to allow for firm entry and …
Persistent link: https://www.econbiz.de/10010468181