Showing 1 - 10 of 33
period is considered. The ‘role of the state’ theory performs better until 1970 whereas after the Golden Age, technology and …
Persistent link: https://www.econbiz.de/10005870563
GPT can be defined as "a technology that initially has much scope for improvement and evntually comes to be widely used …). Subsequently, as the scope of the technology is finally exhausted, its impact on growth will fade away. If, at that point, a new …
Persistent link: https://www.econbiz.de/10005870597
In an influential article Saxonhouse and Wright argued that the quality of local cottonwas the single most important factor in explaining national preferences for ring ormule spinning. For Britain, they argue that mills using more flexible mule spindlescould exploit arbitrage opportunities...
Persistent link: https://www.econbiz.de/10005870603
The usual way to evaluate the implications of new technology for economic growth is through growth accounting … technology (ICT) and the results have dominated thinking on the post-1995 growth resurgence in the United States (Oliner and …
Persistent link: https://www.econbiz.de/10005870950
technology adoption and trade in a world of two countriesfacing different technology adoption costs. It shows that a reduction in … the technologyadoption cost in one country increases the productivity, induces more firms to adoptadvanced technology, and … improves welfare in this country, while decreasing the pro-ductivity, inducing more firms to switch back to old technology, and …
Persistent link: https://www.econbiz.de/10009302524
Recently the phenomena of external technology exploitation (ETE) has startet to attract from scholars, business and … politicians likewise alongside with a growth of markets for technology. However, the makets for technology are still characterized …
Persistent link: https://www.econbiz.de/10005866981
Using a standard production model, we demonstrate theoretically that, even if labor is fully flexible, it generates a form of operating leverage if (a) wages are smoother than productivity and (b) the capital-labor elasticity of substitution is strictly less than one. Our model supports using...
Persistent link: https://www.econbiz.de/10012030333
Persistent link: https://www.econbiz.de/10011807563
model in which, all other things being equal, a) the adoption of a new technology is more likely in richer and larger … counties; b) the adoption of a new technology is less likely the more advanced is the technology already adopted in the county …
Persistent link: https://www.econbiz.de/10010318874
estimate a model of time allocation that emphasizes the role of home production technology. We find it necessary to consider … both labor-augmenting technology and total factor productivity in home production. Based on the estimated model, we study … production technology and wage heterogeneity highlighted. …
Persistent link: https://www.econbiz.de/10010292260