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disadvantages and will require improvements in the information and communications technology infrastructure, together with … internationales, déterminant pour surmonter l’éloignement géographique, nécessitera une amélioration de l’infrastructure des …
Persistent link: https://www.econbiz.de/10011276855
This paper explores the role of managerial capital and business research and development (R&D) in fostering multifactor productivity (MFP) convergence in a panel of 42 countries. The OECD long-term growth model is augmented to show that, in addition to trade openness, an economy’s speed of...
Persistent link: https://www.econbiz.de/10011276858
The economic effects of environmental policies are of central interest to policymakers. The traditional approach sees environmental policies as a burden on economic activity, at least in the short to medium term, as they raise costs without increasing output and restrict the set of production...
Persistent link: https://www.econbiz.de/10011276877
This paper presents a productivity growth measure that explicitly accounts for natural capital as an input factor and for undesirable goods, or “bads”, as an output of the production process. The discussion focuses on the extension of productivity measurement for bad outputs and estimates of...
Persistent link: https://www.econbiz.de/10011276912
Traditional measures of multi-factor productivity (MFP) growth generally do not recognise natural capital as inputs into the production process. Since productivity growth is measured as the residual between output and input growth, it will pick up the growth in unmeasured inputs, which can lead...
Persistent link: https://www.econbiz.de/10011276930
Recent OECD research has utilised harmonised cross-country firm level data to explore the contribution of public policies to cross-country differences in productivity, innovation and resource allocation. This paper describes the steps taken to and the trade-offs involved in constructing...
Persistent link: https://www.econbiz.de/10011276995
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
education, infrastructure, financial development, the rule of law, as well as a lack of competition come out in various studies … pay-offs such as improving competitiveness and infrastructure could yield double benefits in supporting the recovery from …-related infrastructure.<P>Pied au plancher : Des réformes structurelles pour dynamiser la croissance à long terme au Mexique et accélérer la …
Persistent link: https://www.econbiz.de/10008498021
In many industries, competition is far from perfect and managerial efficiency (or a fixed cost) varies among firms. However, traditional measurement of technological progress assumes perfect competition and no fixed cost. This paper incorporates these two factors in the technological-progress...
Persistent link: https://www.econbiz.de/10005049015
This paper discusses growth performance in the OECD countries over the past two decades. Special attention is given to developments in labour productivity, allowing for human capital accumulation, and multifactor productivity (MFP), allowing for changes in the composition and quality of physical...
Persistent link: https://www.econbiz.de/10005049024