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-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production …, 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/10012467958
We study the impact of techies--engineers and other technically trained workers--on firm-level productivity. We first …-skill intensive and are associated with innovation, as well as with technology adoption, management, and diffusion within firms. Using … structural econometric methods, we estimate the causal effect of techies on firm-level Hicks-neutral productivity in both …
Persistent link: https://www.econbiz.de/10014322729
consequences of changing firm concentration: productivity, distortions, selection into exporting, scale economies, and … firms is attributable to higher productivity growth rather than differential distortions. Exceptional performance of the top …
Persistent link: https://www.econbiz.de/10014635611
leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity …
Persistent link: https://www.econbiz.de/10012470002
persistence of productivity growth differentials between nations despite a common technology, constant returns to scale and … specification. The source of productivity (growth) differentials in our model is the existence of a non-traded capital good ('human … consider the influence on productivity growth differentials of private thrift, public debt, the taxation of capital and savings …
Persistent link: https://www.econbiz.de/10012475378
How costly is the misallocation of production that we might expect to result from distortions such as market power, incomplete contracts, taxes, regulations, or corruption? This paper develops new tools for the study of misallocation that place minimal assumptions on firms' underlying...
Persistent link: https://www.econbiz.de/10014322699
the central role of political and economic institutions, as well as the endogenous evolution of technology, in shaping the …
Persistent link: https://www.econbiz.de/10012457900
remainder. The productivity performance of the non-agricultural economy during the reform period is respectable, but not …
Persistent link: https://www.econbiz.de/10012470887
This survey reviews the growing use of patent data in economic analysis. After describing some of the main characteristics of patents and patent data, it focuses on the use of patents as an indicator of technological change. Cross-sectional and time-series studies of the relationship of patents...
Persistent link: https://www.econbiz.de/10012475734
the initial productivity of a new technology. After implementation, learning increases the productivity of a technology to …We introduce a tractable model of endogenous growth in which the returns to innovation are determined by the technology … adoption decisions of the users of new technologies. Technology adoption involves an implementation investment that determines …
Persistent link: https://www.econbiz.de/10012465770