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. …

&D/GDP ratio, labour-augmenting productivity, and GDP. A policy to increase the R&D/GDP ratio leads to more human capital, labour … productivity and GDP levels. Both knowledge policies reduce the debt/GDP ratio. A lasting shock on the terms of trade reveals that …

's hypothesis of a stagnant service sector, the contribution of the service sector to aggregate productivity growth, and the … productivity resistant do not apply to all service sub-sectors. Productivity growth in modern, dynamic, and tradable services is …

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 …

Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a … balanced one in which China's productivity grows at the same rate in each sector, and an unbalanced one in which China …'s comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well …