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This paper extends the learning-by-doing model of Alwyn Young (1991), which assumes bounded learning-by-doing in each industry and knowledge spillovers, from two perspectives. First, it introduces physical capital as another factor of production in addition to labor. Second, it takes into...
Persistent link: https://www.econbiz.de/10011113394
Following Solow's (2001) recent advice, this paper takes productivity as the left-hand-side variable and offers a cross … productivity estimates, and the second stage is devoted to analyzing these estimates. The paper classifies productivity … productivity model developed in this paper allows space for productivity determinants of all these different types and hence may …
Persistent link: https://www.econbiz.de/10011212991
Impressive productivity performance during the last decades has weakened since 2007, reflecting the 2008-09 recession … raise long term productivity growth need to be pursued. Current project-based R&D-support and business subsidies seem … quality rather than block grants. Productivity performance could be enhanced by exposing sectors like health provision …
Persistent link: https://www.econbiz.de/10011276818
Australia’s productivity growth has decelerated markedly around the turn of the century. Part of the decline is … probably temporary, but raising multifactor productivity is key to ensure that living standards continue to grow strongly … regulations across states would boost competition and productivity.<P>Un nouvel élan pour la productivité en Australie …
Persistent link: https://www.econbiz.de/10011276866
Danish productivity has grown only weakly over the past two decades, both historically and in relation to other … to continue its efforts to reap the benefits of globalisation, which would contribute to invigorating productivity growth …
Persistent link: https://www.econbiz.de/10011276893
Despite sound policies and institutions, Danish productivity has grown modestly over the past decade, both historically …
Persistent link: https://www.econbiz.de/10011276949
The news-shock literature interprets empirical news-shock identifications as signals about future productivity. Under … this view, changes in productivity cause changes in expectations. I investigate an alternative interpretation whereby … changes in expectations cause changes in productivity. I present a model where firms adopt the technology of a deterministic …
Persistent link: https://www.econbiz.de/10011252972
In this paper we study the efficiency and total factor productivity growth of Italian regions by implementing a … decomposition of productivity growth, conducted by means of Malmquist’s index, highlighted that also in Southern regions, in which …
Persistent link: https://www.econbiz.de/10011258688
general equilibrium model, this paper argues that climate change will negatively affect agricultural productivity in Africa …
Persistent link: https://www.econbiz.de/10011259199
productivity gains from R&D spillovers from the research cluster decline with (i) increasing geographic distance away from the …
Persistent link: https://www.econbiz.de/10011260792