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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
productivity of capital simultaneously. The model induces a simple relationship between the relative price of investment goods and …-five-fold income gaps and sixfold productivity differences between the richest and poorest countries in our sample. …
Persistent link: https://www.econbiz.de/10010283395
The relationship between growth and pollution is studied through a vintage capital model, where new technology is more environmentally friendly. We find that once the optimal scrapping age of technologies is reached, an economy may achieve two possible cases of sustainable development, one in...
Persistent link: https://www.econbiz.de/10010272619
A puzzling evidence stemming from the applied research on growth and innovation is that successful innovations do not appear to have a significant effect on sales growth rates, at odds with the expectation that successful innovators will prosper at the expenses of their less able competitors....
Persistent link: https://www.econbiz.de/10010328435
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 analysis in this paper shows that unpredictable variations in economic productivity may have a positive or negative …. Empirical studies concerning these two factors indicate that unpredictable variations in economic productivity have a negative …
Persistent link: https://www.econbiz.de/10010325453
This paper discusses the nature of macro productivity change from the perspective of a Schumpeterian micro-to-macro (M … productivity change at aggregate levels . This is especially so when relative prices are shifty as a consequence of the ongoing …
Persistent link: https://www.econbiz.de/10010334846
Germany remains Europe's largest and most diversified source of new technology, but still lags in the fastest growing areas of today's high technology. After World War II, West-German technology policy sought to rebuild the institutions which had supported Germany's leadership in the high-tech...
Persistent link: https://www.econbiz.de/10010265490
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