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I thank Claire Black and Wei-Jang Huang for assistance in preparing this paper. I appreciate the comments of George Erickcek on a preliminary version of this paper. This paper was previously presented on November 20, 2009 at the 57th Annual Economic Outlook Conference of the Research Seminar in...
Persistent link: https://www.econbiz.de/10003921926
Labor productivity - output per hour worked - is an important factor determining the wealth of national economies and their standards of living. Its growth accounts for about half of per capita GDP growth in OECD countries. Despite its importance, it has received scant attention in political...
Persistent link: https://www.econbiz.de/10013136503
We review the evidence that artificial intelligence (AI) is having a large effect on the economy. Across a variety of statistics—including robotics shipments, AI startups, and patent counts—there is evidence of a large increase in AI-related activity. We also review recent research in this...
Persistent link: https://www.econbiz.de/10012917961
Human capital is the most important factor of production in today's economies - and education is an investment that generates higher incomes in future. The growth stars of the coming years identified in our introductory study base their success on major gains in human capital. The success...
Persistent link: https://www.econbiz.de/10014063167
This study investigates the political economy of industrialization in Ethiopia. It discusses the economic and political institutions during three political regimes and assesses the industrial sector's performance across these different regimes. Further, it evaluates the different industrial...
Persistent link: https://www.econbiz.de/10013498899
This study investigates the political economy of industrialization in Ethiopia. It discusses the economic and political institutions during three political regimes and assesses the industrial sector's performance across these different regimes. Further, it evaluates the different industrial...
Persistent link: https://www.econbiz.de/10014256080
, with a disproportionally strong impact on knowledge-based activities, like innovation and research. We present a multi …-area endogenous growth model where abstract knowledge flows at no cost across space but tacit knowledge arises from the interaction … tacit knowledge and reinforces productive specialization. This increases the system-wide growth rate, but at the cost of an …
Persistent link: https://www.econbiz.de/10013228469