the evolution of two different forms of productivity (the productivity of labour and total factor productivity … theoretical underpinnings for most debates on the origins of the particular economic growth and productivity gains that have taken … technology, and hence the theory of long-term technological change. Our conclusions emphasise the confusion that the New Economy …

productivity growth in the US economy can be attributed to a technological acceleration within durable manufacturing and to …-factor productivity in the 88% of the economy outside of durable manufacturing. In comparison with the Great Inventions of 1860-1900, the …

The sharp increase in equity prices over the 1990s was widely attributed to permanently higher productivity growth …, which shows that under plausible assumptions, productivity advances can only have temporary effects on the fundamentals of … equity prices. Using historical data on productivity of R&D capital, patent capital and fixed capital for 11 OECD countries …

The sharp increase in equity prices over the 1990s was widely attributed to permanently higher productivity growth …, which shows that under plausible assumptions, productivity advances can only have temporary effects on the fundamentals of … equity prices. Using historical data on productivity of R&D capital, patent capital and fixed capital for 11 OECD countries …