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A Framework for Economic Growth with Capital-Embodied Technical Change
Jones, Benjamin F.; Liu, Xiaojie - National Bureau of Economic Research - 2022
Technological advance is often embodied in capital inputs. This paper develops a model where capital innovations occur on two margins: (1) vertically, where a capital input becomes more productive at a given task; and (2) horizontally, where a capital input replaces labor at a given task. These...
Persistent link: https://www.econbiz.de/10013388815
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New Views Of Structural Transformation : Insights From Recent Literature
Gollin, Douglas; Kaboski, Joseph Paul - National Bureau of Economic Research - 2023
processes of growth and development. Traditionally, the focus has been on industrialization - and more broadly the reallocation …
Persistent link: https://www.econbiz.de/10014437036
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The Social Tax : Redistributive Pressure and Labor Supply
Carranza Noguera, Eliana; Donald, Aletheia; Grosset, Florian - National Bureau of Economic Research - 2022
In low-income communities, pressure to share income with others may disincentivize work, distorting labor supply. We document that across countries, social groups that undertake more interpersonal transfers work fewer hours. Using a field experiment, we enable piece-rate factory workers in Côte...
Persistent link: https://www.econbiz.de/10013388794
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Investing with the Government : A Field Experiment in China
Colonnelli, Emanuele; Li, Bo; Liu, Ernest - National Bureau of Economic Research - 2022
We study the demand for government participation in China's venture capital and private equity market. We conduct a large-scale, non-deceptive field experiment in collaboration with the leading industry service provider, through which we survey both sides of the market: the capital investors and...
Persistent link: https://www.econbiz.de/10013334380
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Growth and Risk : A View from International Trade
Krishna, Pravin; Levchenko, Andrei A.; Ma, Lin; … - National Bureau of Economic Research - 2023
. We use a simple theoretical framework of risky quality upgrading by firms under varying levels of financial development … correlated with the country's level of financial development. We then test these two hypotheses using data on disaggregated (HS10 … product quality improvements along the development path. Increases in financial depth do not imply lower variability of …
Persistent link: https://www.econbiz.de/10014226112
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Measuring the Characteristics and Employment Dynamics of U.S. Inventors
Akcigit, Ufuk; Goldschlag, Nathan - National Bureau of Economic Research - 2023
Innovation is a key driver of long run economic growth. Studying innovation requires a clear view of the characteristics and behavior of the individuals that create new ideas. A general lack of rich, large-scale data has constrained such analyses. We address this by introducing a new dataset...
Persistent link: https://www.econbiz.de/10014248004
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Has China's Growth Gone From Miracle to Malady?
Prasad, Eswar S. - National Bureau of Economic Research - 2023
's low levels of financial and institutional development, state-dominated economy, and nondemocratic government …
Persistent link: https://www.econbiz.de/10014250169
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Global Knowledge and Trade Flows : Theory and Measurement
Lind, Nelson; Ramondo, Natalia - National Bureau of Economic Research - 2022
We study the global innovation and diffusion of ideas by introducing trade into the model in Eaton and Kortum (1999) (EK). This extension allows us to use international trade flows and country-level factor costs to estimate both the intensity of innovation within countries over time and...
Persistent link: https://www.econbiz.de/10013435152
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A New Interpretation of Productivity Growth Dynamics in the Pre-Pandemic and Pandemic Era U.S. Economy, 1950-2022
Gordon, Robert J.; Sayed, Hassan - National Bureau of Economic Research - 2022
The dismal decade of 2010-19 recorded the slowest productivity growth of any decade in U.S. history, only 1.1 percent per year in the business sector. Yet the pandemic appears to have created a resurgence in productivity growth with a 4.1 percent rate achieved in the four quarters of 2020. This...
Persistent link: https://www.econbiz.de/10013334484
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The Outlook for Long-Term Economic Growth
Jones, Charles I. - National Bureau of Economic Research - 2023
What are the prospects for economic growth in the United States and other advanced countries over the next several decades? U.S. growth for the past 150 years has been surprisingly stable at 2% per year. Growth theory reveals that in the long run, growth in living standards is determined by...
Persistent link: https://www.econbiz.de/10014337880