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Madrick. He argues that the growth of markets through trade, colonization, and domestic expansion was the predominate factor … in Western economic development. While technological innovation is necessary to growth, it is as much a consequence of … economic opportunity as it is a cause, and perhaps even more a follower of economic growth than a leader. …
Persistent link: https://www.econbiz.de/10005650239
developments assesses whether an acceleration of productivity growth, the touchstone of the New Economy, is likely to occur in … institutional changes such as product and labour market deregulation have served as catalysts for growth. He then looks at the role …
Persistent link: https://www.econbiz.de/10005157594
growth and reduce poverty must pay special attention on energy production. …
Persistent link: https://www.econbiz.de/10015222128
This work analyzed the effects of human capital on world growth using snapshot data from 1995 and the DRC with the time … the stock of human capital affects positively and significantly the global growth but as for the DRC it affects negatively … Growth but not in a significant way. And there are considerable income gaps between the DRC and the developed countries, but …
Persistent link: https://www.econbiz.de/10015257568
Persistent link: https://www.econbiz.de/10005406572
economic growth of West African states. To do this, we use the MMG-system to estimate quadratic models such as those proposed … effect of the banking industry on economic growth increases initially, reaches a maximum and then gradually decreases. This … demonstrates a non-linear relationship between increased banking activities and economic growth within the community, and confirms …
Persistent link: https://www.econbiz.de/10015238204
) capital on the economy. In a first part, focusing on the supply-side of the economy, we show that the growth accounting … productivity growth is half the one computed by growth accounting studies. In a second part, we use this long-term framework in a …
Persistent link: https://www.econbiz.de/10009001119
This chapter presents the methods and contributions of evolutionary approach to economic dynamics. First, we expose why economic dynamics can indeed be considered as evolutionary. Second, we discuss sources of diversity and selection mechanisms that drive these dynamics, in the context of...
Persistent link: https://www.econbiz.de/10008469690
Both ICT-producing and ICT-using industries have contributed disproportionately to labour productivity growth in the …-using industries to productivity growth. In the 1995-2000 period, the contribution of ICT-producing industries to labour productivity … growth was similar in Canada and the Europe, but only half that in the United State. In terms of the contribution of ICT …
Persistent link: https://www.econbiz.de/10005518955
productivity growth in the United States after 1995. In this article, Dale W. Jorgenson of Harvard University, Mun S. Ho from … Resources for the Future, and Kevin J. Stiroh of the Federal Reserve Bank of New York provide a detailed account of this growth … growth, and comment on lessons for Canada. They conclude that the U.S. productivity revival is likely to remain intact for …
Persistent link: https://www.econbiz.de/10005650243