Showing 1 - 10 of 90
Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro-econometric evaluation of their causal effects is rare. We exploit multiple changes in the area-specific eligibility criteria for a major program to support manufacturing jobs...
Persistent link: https://www.econbiz.de/10011126451
This paper investigates wage disparities across sub-national labour markets in Britain using anewly available microdata …
Persistent link: https://www.econbiz.de/10010746070
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
growth and major strands of the empirical literatures on R&D, productivity growth, and productivity convergence. Starting …
Persistent link: https://www.econbiz.de/10010884730
Economies at early stages of development are often shaken by abrupt changes in growth rates, whereas in advanced economies growth rates tend to be relatively stable. To explain this pattern, we propose a theory of technological diversification. Production makes use of different input varieties,...
Persistent link: https://www.econbiz.de/10010928680
of (cross-country) in- come distributions. This allows convenient study of the convergence hypothesis, and reveals, where … appropriate, polarization and clumping within subgroups. The data show little cross-country convergence; in- stead, the important … features are persistence, immobility, and polariza- tion, exemplied by \convergence club" or \twin peaks" dynamics …
Persistent link: https://www.econbiz.de/10010928695
This paper investigates the economic impact of the government's proposed new UK R&D tax credit. We measure the benefit of the credit by the effect on value added in the short and long_run. This is simulated from existing econometric estimates of the tax_price elasticity of R&D and the effect of...
Persistent link: https://www.econbiz.de/10010928789
This paper presents annual estimates of fixed capital stocks and capital services for the United Kingdom, 1950-2013, for the whole economy and for the market sector. Our estimates cover eight asset types (structures, machinery, vehicles, computers, purchased software, own-account software,...
Persistent link: https://www.econbiz.de/10011266090
This paper investigates whether there is convergence in Total Factor Productivity towards the technological frontier at … the establishment level. We find convergence to the frontier is statistically and quantitatively important, suggesting the … that increased foreign presence within an industry raises the speed of convergence to the technological frontier. …
Persistent link: https://www.econbiz.de/10010744968
Should raising the growth rate of GDP per capita be a policy goal of governments in general, and of the British government in particular? Many people would say no, for the following reasons: 1) GDP is hopelessly flawed as a measure of welfare; 2) Growing GDP is pointless since most people don’t...
Persistent link: https://www.econbiz.de/10010744986