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Long-run GDP growth has declined in the United States over the past two decades. Two competing views take the stage in …-side factors were the main driver of long-run GDP growth prior to 2000, demand-side factors explain half of its slowdown afterwards …
Persistent link: https://www.econbiz.de/10012661579
constructs new annual estimates of real GDP between 1842 and 1913 based on a novel two-stage econometric approach. Our results …
Persistent link: https://www.econbiz.de/10013208757
The welfare gain to consumers from the introduction of personal computers is estimated here. A simple model of consumer demand is formulated that uses a slightly modified version of standard preferences. The modification permits marginal utility, and hence total utility, to be finite when the...
Persistent link: https://www.econbiz.de/10010292344
GDP growth is often measured poorly for countries and rarely measured at all for cities. We propose a readily available …
Persistent link: https://www.econbiz.de/10010284041
the US. Their work suggests private sector expenditure (investment) on intangibles is about 13% (11%) of US GDP 1998 … private sector spent, in 2004, about £127bn on intangibles, which is about 11% of UK GDP. The implied investment figure is … around £116bn (10% of GDP) which is about equal to UK investment in tangible assets. Of the £127bn expenditure, (in …
Persistent link: https://www.econbiz.de/10010284183
as intermediate consumption. Thus they do not count as either GDP or investment. We ask how treating such spending as …
Persistent link: https://www.econbiz.de/10010284188
the future. In 2000, Ethiopia was the poorest country on the globe in per capita GDP - a mere 124 USD in current prices … lowest rank in manufacturing as a share of GDP in the group of low-income countries, reaching only half of the average in …
Persistent link: https://www.econbiz.de/10011488626
The authors estimate changes in the distribution of household consumption expenditure in Namibia since Independence in 1990 and the effects on poverty. To produce comparability between two household surveys, they use survey matching techniques and apply the framework of stochastic dominance to...
Persistent link: https://www.econbiz.de/10010293269
In this paper we look at the economic development of Sub-Saharan Africa (SSA) in the context of structural transformation. We use Hidalgo et al.'s (2007) concept of product space to show the evolution of the region's productive structure, and discuss the opportunities for growth and...
Persistent link: https://www.econbiz.de/10010281709
We analyze the behavior of plant-level real wages and productivity in Turkish manufacturing after the transition to democracy in 1987 and test whether wages under democracy causes productivity. The Turkish experience provides almost an experimental case: real wages in manufacturing increased by...
Persistent link: https://www.econbiz.de/10012628463