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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
This paper is structured in three parts. The first part outlines the methodological steps, involving both theoretical and empirical work, for assessing whether an observed allocation of resources across countries is efficient. The second part applies the methodology to the long-run allocation of...
Persistent link: https://www.econbiz.de/10013083395
Externalities play a central role in most theories of economic growth. We argue that international externalities, in particular, are essential for explaining a number of empirical regularities about growth and development. Foremost among these is that many countries appear to share a common long...
Persistent link: https://www.econbiz.de/10013249260
Empirical findings for a panel of around 100 countries from 1960 to 1990 strongly support the general notion of conditional convergence. For a given starting level of real per capita GDP, the growth rate is enhanced by higher initial schooling and life expectancy, lower fertility, lower...
Persistent link: https://www.econbiz.de/10013217934
productivity and the other decreasing transportation costs, and in which agglomeration economies lead to persistence in urban … locations. In countries that developed early, structural transformation due to rising agricultural productivity began at a time …
Persistent link: https://www.econbiz.de/10012994896
This paper uses new data and new econometric techniques to investigate the impact of international financial integration on economic growth and also to assess whether this relationship depends on the level of economic development, financial development, legal system development, government...
Persistent link: https://www.econbiz.de/10013308338
Consensus forecasts for the global economy over the medium and long term predict the world's economic gravity will substantially shift towards Asia and especially towards the Asian Giants, China and India. While such forecasts may pan out, there are substantial reasons that China and India may...
Persistent link: https://www.econbiz.de/10013045644
recent robust growth in Aggregate Labor Productivity (ALP) across twenty-five countries is due to lower barriers to input … reallocation. They find weak gains from measured reallocation and strong within-plant productivity gains. We show these findings … product of labor and changes in OL as a proxy for changes in plant-level productivity. We provide simple examples to show that …
Persistent link: https://www.econbiz.de/10013012453
productivity from being near cities (30 to 35 percent higher productivity for a county one standard deviation above average in …
Persistent link: https://www.econbiz.de/10012752888
Is public sector infrastructure a key determinant of productivity? Traditional, project-based analyses of benefits and …-based analyses of the links between private productivity and public infrastructure that imply large productivity effects from public … spending. The disparity in estimated returns is often attributed to geographic spillovers in productivity benefits that are not …
Persistent link: https://www.econbiz.de/10013243633