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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

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

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

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

Explaining cross-country differences in productivity: is it efficiency or factor endowments?

Gerba, Eddie; Pikoulakis, Emmanuel V. - London School of Economics (LSE) - 2013

In this paper we develop a two-sector growth model of optimizing agents and apply this model to the data for the purpose of addressing the two interrelated questions that preoccupy the literature on development and growth accounting, namely: (1) What determines sustained growth and (2) What...

Persistent link: https://www.econbiz.de/10011125902

The importance of cognitive skills in macroeconomic models of growth and development

Gerba, Eddie; Pikoulakis, Emmanuel V. - London School of Economics (LSE) - 2014

In a highly influential and thought provoking study, Hanushek, E.A., and Woessmann, L., (NBER Working Paper No.14633, 2009) provide evidence in favor of a strong causal effect of cognitive skills on growth. To quote: “… the simple premise that improving the schools can produce benefits in...

Persistent link: https://www.econbiz.de/10011126065

Medium and long run prospects for UK growth in the aftermath of the financial crisis

Oulton, Nicholas - London School of Economics (LSE) - 2013

In this paper I argue that the financial crisis is likely to have a long term impact on the level of labour productivity in the UK while leaving the long run growth rate unaffected. Based entirely on pre-crisis data, and using a two-sector growth model, I project the future growth rate of GDP...

Persistent link: https://www.econbiz.de/10011126620