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Post-War Economic Growth in the Group-of-Five Countries : A New Analysis
Boskin, Michael J. - 1990
Group-of-Five (G-5) countries: France, West Germany, Japan, United Kingdom and United states. It is assumed that all … France, West Germany and Japan, and between 8 and 10 percent per annum for the U.K. and the U.S. for the period under study …, the productive efficiencies of France, West Germany and Japan rose rapidly from less than 40 percent of the U.S. level in …
Persistent link: https://www.econbiz.de/10012475512
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The Case of the Missing Productivity Growth : Or, Does Information Technology Explain why Productivity Accelerated in the US but not the UK?
Basu, Susanto - 2003
We argue that unmeasured investments in intangible organizational capital associated with the role of information and communications technology (ICT) as a general purpose technology' can explain the divergent U.S. and U.K. TFP performance after 1995. GPT stories suggest that measured TFP should...
Persistent link: https://www.econbiz.de/10012468688
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Accounting for Growth
Greenwood, Jeremy - 1998
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/10012472163
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Are We Approaching an Economic Singularity? Information Technology and the Future of Economic Growth
Nordhaus, William D. - 2015
What are the prospects for long-run economic growth? The present study looks at a recently launched hypothesis, which I label Singularity. The idea here is that rapid growth in computation and artificial intelligence will cross some boundary or Singularity after which economic growth will...
Persistent link: https://www.econbiz.de/10012457122
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Digital Dark Matter and the Economic Contribution of Apache
Greenstein, Shane - 2013
networking devices and the Internet in the 1990s and 2000s magnified these challenges, as illustrated by the deployment of the … rate or return from IT spillovers from the invention of the Internet, and to a large potential undercounting of "digital …
Persistent link: https://www.econbiz.de/10012459156
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Financial Systems, Economic Growth, and Globalization
Rousseau, Peter L. - 2001
formal quantitative analysis. We begin with studies of the Dutch Republic, England, the U.S., France, Germany and Japan that …
Persistent link: https://www.econbiz.de/10012470401
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Inflation and Activity – Two Explorations and their Monetary Policy Implications
Blanchard, Olivier - 2015
We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and...
Persistent link: https://www.econbiz.de/10012456944
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Age, Experience and Wage Growth
Lazear, Edward P. - 1974
During the past decade, much has been said about the role that on-the-job training plays in augmenting one's stock of human capital. Up to this point, little has been done to distinguish the effect of on-the-job training from that of aging on the increase in human wealth. The reason rests...
Persistent link: https://www.econbiz.de/10012479075
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Population Growth, Technological Adoption and Economic Outcomes : A Theory of Cross-Country Differences for the Information Era
Beaudry, Paul - 2001
comparative study of observed developments in the US, UK and Germany since the mid-seventies, complemented by an examination of …
Persistent link: https://www.econbiz.de/10012470577
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Productivity Growth and the New Economy
Nordhaus, William D. - 2001
The present study is the third in a series of three papers devoted to issues in the measurement of productivity and productivity growth. The major findings are as follows. First, this study shows that the new data set used here, which develops data on total output, business sector output, and...
Persistent link: https://www.econbiz.de/10012470633