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of these technologies and the skills of LDC workers, and lead to low productivity in the LDCs. Even when all countries … productivity and output per worker. We provide evidence in favour of the cross-industry productivity patterns predicted by our …
Persistent link: https://www.econbiz.de/10005114308
We study a dynamic general equilibrium model where innovation takes the form of the introduction of new goods whose production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are adapted to be produced using unskilled labor. Our...
Persistent link: https://www.econbiz.de/10010849616
We study a dynamic general equilibrium model where innovation takes the form of the introduction of new goods whose production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are adapted to be produced using unskilled labor. Our...
Persistent link: https://www.econbiz.de/10010576552
We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are adapted to be produced using unskilled labor. Our...
Persistent link: https://www.econbiz.de/10008621792
rapidly raising productivity while making workers redundant. This paper explores the evidence for this view among the IT …-using U.S. manufacturing industries. There is some limited support for more rapid productivity growth in IT … expectations, is that output contracts in IT-intensive industries relative to the rest of manufacturing. Productivity increases …
Persistent link: https://www.econbiz.de/10010961044
framework for the analysis of growth driven by both entry of new firms and productivity improvements by continuing firms. The …
Persistent link: https://www.econbiz.de/10011263575
We revisit one of the central empirical findings of the political economy literature that higher income per capita causes democracy. Existing studies establish a strong cross-country correlation between income and democracy, but do not typically control for factors that simultaneously affect...
Persistent link: https://www.econbiz.de/10005666490
We analyse an economy where managers engage both in the adoption of technologies from the world frontier and in … investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with …. Societies that cannot switch out of the investment-based strategy, however, fail to converge to the world technology frontier …
Persistent link: https://www.econbiz.de/10005789082
We construct a model where the equilibrium organization of firms changes as an economy approaches the world technology …
Persistent link: https://www.econbiz.de/10005123937
Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and misaligned exchange rates, appear to have suffered more macroeconomic volatility and also grown more slowly during the postwar period. Does this reflect the causal effect of...
Persistent link: https://www.econbiz.de/10005136626