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This paper investigates the effect of exogenous entry barriers on productivity growth, using an R&D-based endogenous … for productivity growth. In order to confirm this point in quantitative terms, we estimate the model based on Lentz and …&D tax credits, we show quantitatively that both policies enhance the productivity growth, while there are qualitative …
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) zero labor productivity growthʺ assumption in gauging the real growth of the so-called non-material (including non …
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In order to make quantitative evaluations on the nature of capital adjustment costs, in the face of technological changes, we estimate capital adjustment cost functions, either convex, non-convex, or irreversible (Cooper and Haltiwanger, 2006). A simulated method of moments is applied to the...
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