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An Intensive Exploration of Technology Diffusion

Comin, Diego - 2014

We present a tractable model for the analysis of the relationship between economic growth and the intensive and extensive margins of technology adoption. At the aggregate level, our model is isomorphic to a neoclassical growth model. The microeconomic underpinnings of growth come from technology...

Persistent link: https://www.econbiz.de/10013069256

An Exploration of Technology Diffusion

Comin, Diego - 2012

We develop and estimate a model where technology diffusion depends on the level of productivity embodied in capital and … countries, and the period 1870-1998 reveals that embodied productivity growth is large for many of the technologies in our …

Persistent link: https://www.econbiz.de/10012755514

Experience, Vintage and Time Effects in the Growth of Earnings : Americanscientists, 1960-1970

Weiss, Yoram; Lillard, Lee A. - 2021

This paper is concerned with the growth of individual earnings over time. Four aspects of time are distinguished: experience, age, vintage and calendar year. The first section of the paper provides a brief outline of a theory of planned growth in earnings. The second and main section of the...

Persistent link: https://www.econbiz.de/10013227222

Accounting for Growth

Greenwood, Jeremy; Jovanovic, Boyan - 2021

following three facts: 1. Since the early 1970's there has been a slump in the advance of productivity. 2. The price of new … explanations are: 1. Productivity slowed down because the implementation of information technologies was both costly and slow. 2 …

Persistent link: https://www.econbiz.de/10013244738

Vintage Organization Capital

Jovanovic, Boyan - 2001

We study 114 years of U.S. stock market data and find That there are large cohort effects in stock prices, effects that we label 'organization capital,' That cohort effects grew at a rate of 1.75% per year, That the debt-equity ratio of all vintages declined, That three big technological waves...

Persistent link: https://www.econbiz.de/10012787778

The Vintage Effect in TFP Growth : An Analysis of the Age Structure of Capital

Gittleman, Maury B.; Raa, Thijs ten; Wolff, Edward N. - 2021

The age structure of capital plays an important role in the measurement of productivity. It has been argued that the … productivity measurement. A proposition proves that Nelson's (1964) formula is wrong. Our final proposition shows that inclusion of … the vintage effect prompts an upward correction of measured productivity growth in times of an aging stock of capital …

Persistent link: https://www.econbiz.de/10013240940

Transition Dynamics in Vintage Capital Models : Explaining the Postwar Catch-Up of Germany and Japan

Gilchrist, Simon; Williams, John C. - 2021

, including persistently high but declining rates of labor and total-factor productivity growth, a U-shaped response of the …

Persistent link: https://www.econbiz.de/10013230828

Measuring Moore's Law : Evidence from Price, Cost, and Quality Indexes

Flamm, Kenneth - 2018

“Moore's Law” in the semiconductor manufacturing industry is used to describe the predictable historical evolution of a single manufacturing technology platform that has been continuously reducing the costs of fabricating electronic circuits since the mid-1960s. Some features of its future...

Persistent link: https://www.econbiz.de/10012920368

The Productivity Slowdown and the Declining Labor Share : A Neoclassical Exploration

Grossman, Gene M. - 2017

We explore the possibility that a global productivity slowdown is responsible for the widespread decline in the labor …

Persistent link: https://www.econbiz.de/10012947005

Agricultural Trade Reform, Reallocation and Technical Change : Evidence from the Canadian Prairies

Brown, W. Mark - 2017

We decompose the impact of trade reform on technology adoption and land use to study how aggregate changes were driven by reallocation versus within-farm adaptation. Using detailed census data covering over 30,000 farms in Alberta, Saskatchewan and Manitoba, Canada we find a range of new...

Persistent link: https://www.econbiz.de/10012947017