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Accounting for research and productivity growth across industries

Ngai, L. Rachel; Samaniego, Roberto M. - London School of Economics (LSE) - 2009

What factors underlie industry differences in research intensity and productivity growth? We develop a multi-sector endogenous growth model allowing for industry specific parameters in the production functions for output and knowledge, and in consumer preferences. We find that long run industry...

Persistent link: https://www.econbiz.de/10010746269

Quality competition, market structure and endogenous growth

Tong, Jian - London School of Economics (LSE) - 1999

This paper studies the role of quality competition in endogenous growth and institutional factors which can affect growth through affecting quality competition. The R&D-based growth literature as it stands attributes the incentives for innovations to monopolist market structure, and regards the...

Persistent link: https://www.econbiz.de/10010928601

Information and communication technologies in a multi-sector endogenous growth model

Vourvachaki, Evangelia - London School of Economics (LSE) - 2006

This paper investigates the impact of Information and Communication Technologies (ICT) on growth in an economy, consisting of three sectors, ICT-producing, ICT-using and non-ICT-using. The benefits from ICT come from the falling prices of the ICT-using sector’s good, which is used for the...

Persistent link: https://www.econbiz.de/10010746174

Dynamic selection: an idea flows theory of entry, trade and growth

Sampson, Thomas - London School of Economics (LSE) - 2014

technology distribution. By shifting the productivity distribution upwards, selection on productivity causes technology diffusion … distribution is a traveling wave with an increasing lower bound. Growth of the lower bound causes dynamic selection. Free entry … mandates that trade liberalization increases the rates of technology diffusion and dynamic selection to offset the profits from …

Persistent link: https://www.econbiz.de/10011126735

Cross-country growth comparison : theory to empirics

Quah, Danny - London School of Economics (LSE) - 2000

This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has guided that empirical analysis. The paper argues that recent studies of economic growth—both empirical and theoretical—distinguish from previous work in three distinct...

Persistent link: https://www.econbiz.de/10011071327

Can we learn anything from economic geography proper?

Overman, Henry G. - London School of Economics (LSE) - 2004

This paper considers the ways geographers (proper) and (geographical) economists approach the study of economic geography. It argues that there are two areas where the approach of the latter is more robust than the former. First, formal models identify which assumptions are crucial in obtaining...

Persistent link: https://www.econbiz.de/10010745226

Can we learn anything from economic geography proper?

Overman, Henry G. - London School of Economics (LSE) - 2003

This paper considers the ways geographers (proper) and (geographical) economists approach the study of economic geography. It argues that there are two areas where the approach of the latter is more robust than the former. First, formal models both enforce internal consistency and allow one to...

Persistent link: https://www.econbiz.de/10010746649

Long term implications of the ICT revolution: applying the lessons of growth theory and growth accounting

Oulton, Nicholas - London School of Economics (LSE) - 2010

How big a boost to long run growth can countries expect from the ICT revolution? I use the results of growth accounting and the insights from a two-sector growth model to answer this question. The use of a two-sector rather than a one-sector model is required because of the very rapid rate at...

Persistent link: https://www.econbiz.de/10010884516

Trends in hours and economic growth

Ngai, L. Rachel; Pissarides, Christopher - London School of Economics (LSE) - 2008

We study substitutions between home and market production over long periods of time. We use the results to get predictions about long-run trends in aggregate market hours of work and about employment shifts across economic sectors, driven by uneven TFP growth in market and home production. The...

Persistent link: https://www.econbiz.de/10010884523

Structural change in a multi-sector model of growth

Ngai, L. Rachel; Pissarides, Christopher - London School of Economics (LSE) - 2005

We study a multi-sector model of growth with differences in TFP growth rates across sectors and derive sufficient conditions for the coexistence of structural change, characterized by sectoral labor reallocation, and balanced aggregate growth. The conditions are weak restrictions on the utility...

Persistent link: https://www.econbiz.de/10010884667