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globalization of the world's labor markets. We find that when people can choose between wage work and managerial work, the output …
Persistent link: https://www.econbiz.de/10003622939
globalization of the world's labor markets. We find that when people can choose between wage work and managerial work, the output …
Persistent link: https://www.econbiz.de/10012751700
Persistent link: https://www.econbiz.de/10000780011
We reexamine several bodies of data on the growth of output, labor, and capital, within the context of a model that admits the possibility of an externality to the capital input. The model is an augmented version of Paul Romer's (1987) reformulation of the Solow model. Unlike Romer, however, we...
Persistent link: https://www.econbiz.de/10013212362
A satisfactory account of the postwar growth experience of the United States should be able to come to terms with the following three facts: 1. Since the early 1970's there has been a slump in the advance of productivity. 2. The price of new equipment has fallen steadily over the postwar period....
Persistent link: https://www.econbiz.de/10013244738
Persistent link: https://www.econbiz.de/10009538853