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What's New About the New Economy? IT, Economic Growth and Productivity
Bosworth, Barry P.; Triplett, Jack E. - In: International Productivity Monitor 2 (2001) Spring, pp. 19-30
Has the economy fundamentally changed in the 1990s because of the introduction of information technology or is the impact of IT not so much "new" as larger than before? In this article, Barry Bosworth and Jack Triplett of the Brooking Institution examine this issue with a detailed analysis of...
Persistent link: https://www.econbiz.de/10005481862
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Assessing output and productivity growth in the banking industry
Athanasoglou, Panayiotis; Georgiou, Evangelia; … - Volkswirtschaftliche Fakultät, … - 2008
This paper assesses the evolution of output and productivity in the Greek banking industry for the period 1990-2006. Three main categories of bank output were estimated based on modern theoretical approaches, while for the aggregation and estimation of output and inputs and the estimation of...
Persistent link: https://www.econbiz.de/10009151580
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An Analysis of the Canada-U.S. ICT Investment Gap: An Update to 2013
Thomas, Jasmin - Center for the Study of Living Standards (CSLS) - 2015
&D and information and communications technology (ICT) investment. The objective of this report is to examine the country …’s ICT investment performance since 2000. The key finding is that, since the 2008 peak, business sector ICT investment in … States. By 2013, four years after the 2009 recession, nominal ICT investment in the business sector in Canada had failed to …
Persistent link: https://www.econbiz.de/10011185572
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Total factor productivity - a misleading concept
Reati, Angelo - In: BNL Quarterly Review 54 (2001) 218, pp. 313-332
The paper criticises the concept of total factor productivity as a measure of technical change and economic performance on two grounds: (i) theoretical, because it shares all the weaknesses of the neoclassical production function from which it is derived, (ii) its relevance in helping to...
Persistent link: https://www.econbiz.de/10010854338
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Cognitive skill and technology diffusion: An empirical test
Jones, Garett - In: Economic Systems 36 (2012) 3, pp. 444-460
Cognitive skills are robustly associated with good national economic performance. How much of this is due to high-skill countries doing a better job of absorbing total factor productivity from the world's technology leader? Following Benhabib and Spiegel (Handbook of Economic Growth, 2005), who...
Persistent link: https://www.econbiz.de/10011040288
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Total factor productivity - a misleading concept
Reati, Angelo - In: Banca Nazionale del Lavoro Quarterly Review 54 (2001) 218, pp. 313-332
The paper criticises the concept of total factor productivity as a measure of technical change and economic performance on two grounds: (i) theoretical, because it shares all the weaknesses of the neoclassical production function from which it is derived, (ii) its relevance in helping to...
Persistent link: https://www.econbiz.de/10010753926
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Growth Accounting Analysis in China 1978-2009
Kang, Lili; Peng, Fei - Volkswirtschaftliche Fakultät, … - 2013
This paper applies the growth accounting model to Chinese economy at region and province levels from 1978 to 2009. We measure the components in the growth accounting model such as capital services, labour inputs and Total Factor Productivity (TFP) using various data sources. The economic growth...
Persistent link: https://www.econbiz.de/10011112104
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Measuring Capital Services by Energy Use: An Empirical Comparative Study
Bitzer, Jürgen; Gören, Erkan - Institut für Volkswirtschaftslehre, Carl von Ossietzky … - 2013
From an engineering perspective, a capital good’s service is energy conversion – e.g., the physical ‘work’ done by a machine – and can thus be measured directly by the energy consumed in production. We show important empirical advantages of our concept over traditional measures. The...
Persistent link: https://www.econbiz.de/10010671463
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Growth in Euro Area Labour Quality
Schwerdt, Guido; Turunen, Jarkko - C.E.P.R. Discussion Papers - 2006
Composition of the euro area workforce evolves over time and in response to changing labour market conditions. We construct an estimate of growth in euro area labour quality over the period 1983-2004 and show that labour quality has grown on average by 0.6% year-on-year over this time period....
Persistent link: https://www.econbiz.de/10005662236
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ICT and Productivity: A Review of the Literature
Biagi, Federico - Institute for Prospective Technological Studies (IPTS), … - 2013
In this report we review the literature on the relationship between ICT and productivity. In Sect. 1 we discuss in … broad terms the theoretical relationship between ICT and productivity, while in Sect. 2 we present the growth accounting … methodology, which tries to measure the contributions to growth from difference sources (ICT and non ICT capital, human capital …
Persistent link: https://www.econbiz.de/10011170074