Showing 61 - 70 of 177
constructs measures of relative total factor productivity for eleven Japanese manufacturingindustries and uses dynamic panel data … methods to test whether a smaller productivity gap leadsto slower growth, and whether R&D takes over as the engine of growth … as Japan approaches thetechnological frontier. The results suggest that Japanese and US productivity have been growingat …
Persistent link: https://www.econbiz.de/10005870259
We develop a stylized model of economic growth with bubbles. In this model, financial frictions leadto equilibrium dispersion in the rates of return to investment. During bubbly episodes, unproductiveinvestors demand bubbles while productive investors supply them. Because of this, bubbly...
Persistent link: https://www.econbiz.de/10005870349
Recent research on international productivity comparisons has focused on the discrepancies between benchmark … productivity lead of 50 percent, evidence that they therefore discard. The present paper revisits this Anglo-German productivity … Germany’s industrial production series. I also calculate a revised 1907 productivity benchmark. Both the revised extrapolation …
Persistent link: https://www.econbiz.de/10005870508
This paper examines patterns of structural change and labour productivity growth in the late nineteenth … capital growth, it seeks to address three questions: First, what was the role of labour productivity growth in per capita … labour productivity growth in Austria-Hungary as compared to Germany? The paper argues that, in contrast to the Hungarian …
Persistent link: https://www.econbiz.de/10005870560
This paper estimates and compares the benefits cinema technology generated to society in Britain, France and the US between 1900 and 1938. It is shown how cinema industrialised live entertainment, by standardisation, automation and making it tradable. The economic impact is measured in three...
Persistent link: https://www.econbiz.de/10005870588
This paper uses new micro-level US data to re-examine productivity leadership in cotton spinning c. 1900. We find that … productivity leader for almost every type of yarn. This is true both for the operation of a given machinery type, and when … comparing machinery typical in each country. Higher capital and labour productivity rates imply that Lancashire’s combination of …
Persistent link: https://www.econbiz.de/10005870700
We find little support for the Schumpeterian hypothesis of a positiverelationship between market power and innovation in 1950’s Britain eventhough many economists and policymakers accepted it at the time. Pricefixingagreements were very widespread prior to the 1956 RestrictivePractices Act and...
Persistent link: https://www.econbiz.de/10005870753
theheart of this interpretation is the observation that improvements in productivity aregenerated by the expansion of trade … andintensification of trade as the only route to sustained productivity and output growth.[...] …
Persistent link: https://www.econbiz.de/10005870755
This paper revisits the issue of the productivity performance of pre-World War I Britain’s railway system with an … it stabilized at about 1.1%. An analysis of company-level productivity rejects the claims that there was a regulation …-induced revival of productivity performance in the railway sector after 1900 but, on the other hand, it supports the claim that there …
Persistent link: https://www.econbiz.de/10005870949
incentives, where individual effort imposes a negative externality on others,to their productivity under piece rates, where it … does not. We find that the productivity of theaverage worker is at least 50 percent higher under piece rates than under … workers does not affect productivity. Further analysis reveals thatworkers internalize the externality only when they can …
Persistent link: https://www.econbiz.de/10005870998