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The main contribution to economic growth in South Africa prior to the early 1990s resulted from factor accumulation – principally capital, but also labour. Technological progress, as measured by total factor productivity (TFP) growth effectively made no contribution. From the 1990s however,...
Persistent link: https://www.econbiz.de/10009475863
Since the 1950s, economic growth has been one of the main topics of economic discipline. In this context, the sources of economic growth have been analysed by different economic theories. These theories can be decomposed into two groups, namely modern neoclassical theory and evolutionary...
Persistent link: https://www.econbiz.de/10009480098
These are lecture notes for the article "Technological Progress and Economic Transformation," in the Handbook of Economic Growth, 2005, v. 1B, edited by Philippe Aghion and Steven N. Durlauf. Amsterdam: Elsevier North-Holland, pp. 1225-1273.
Persistent link: https://www.econbiz.de/10009483042
In this study the nature and extent of efficiency and productivity growth in deposit-taking institutions is investigated using nonparametric frontier techniques. Employing Malmquist indices, productivity growth is decomposed into technical efficiency change and technological change for a sample...
Persistent link: https://www.econbiz.de/10009437475
This paper examines the determinants of functional income distribution in West Germany. The approach is to estimate a complete system of factor share equations for low-skilled labor, high-skilled labor, capital, energy, and materials, taking account of biased technological progress and...
Persistent link: https://www.econbiz.de/10009443329
Uttar Pradesh, in terms of per capita income the second poorest state in India in the year2004-05. The state however has a conducive research environment for development ofdrugs and pharmaceuticals industry with many central government organizations carryingout research related to the industry....
Persistent link: https://www.econbiz.de/10009475795
Research in development economics reveals that the bulk of cross-country differences in economic growth is attributable to differences in productivity. By some accounts, productivity contributes to more than 60 percent of countries’ growth in per capita GDP. I examine a particular channel...
Persistent link: https://www.econbiz.de/10009476829
Research in development economics reveals that the bulk of cross-country differences in economic growth is attributable to differences in productivity. By some accounts, productivity contributes to more than 60 percent of countries’ growth in per capita GDP. I examine a particular channel...
Persistent link: https://www.econbiz.de/10009476905
In this study, productivity growth in thirty-five Australian universities is investigated using nonparametric frontier techniques over the period 1998 to 2003. The inputs included in the analysis are full-time equivalent academic and non-academic staff, non-labour expenditure and undergraduate...
Persistent link: https://www.econbiz.de/10009457372
In this study, productivity growth in thirty-five Australian universities is investigated using nonparametric frontier techniques over the period 1998 to 2003. The inputs included in the analysis are full-time equivalent academic and non-academic staff, non-labour expenditure and undergraduate...
Persistent link: https://www.econbiz.de/10009457403