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The benefits from the New Economy should accrue as improvements in productivity and economic growth. But while the use … apparent ‘productivity paradox’. The most obvious one is the fact that not many countries, other than the US, have yet invested …
Persistent link: https://www.econbiz.de/10010279209
In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10010262488
The paper analyzes the contemporary organizational restructuring of production and work within firms. We emphasize the shift from a "Tayloristic" organization of work (characterized by significant specialization by tasks) to a "holistic" organization (featuring job rotation, integration of tasks...
Persistent link: https://www.econbiz.de/10010273105
This paper addresses the impact of endogenous technology through research and development (R&D) and learning by doing (LbD) on the timing of environmental policy. We develop two models, the first with R&D and the second with LbD. We study the interaction between environmental taxes and...
Persistent link: https://www.econbiz.de/10010312455
This paper addresses the impact of endogenous technology through research and development (R&D) and learning by doing (LbD) on the timing of environmental policy. We develop two models, the first with technological change through R&D and the second with LbD. We study the interaction between...
Persistent link: https://www.econbiz.de/10010284394
productivity not only increases the likelihood of exporting, but also the chances of firm survival and continued export market …
Persistent link: https://www.econbiz.de/10010294475
We study an OLG economy where productivity growth comes from two alternative sources: process innovation and learning …
Persistent link: https://www.econbiz.de/10011325072
The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …
Persistent link: https://www.econbiz.de/10010277425
economic activity. If firms are more similar with respect to their total factor productivity, each company faces a lower …
Persistent link: https://www.econbiz.de/10010291502
labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … productivity. …
Persistent link: https://www.econbiz.de/10010265548