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market equilibrium and whether innovation subsidies can improve industry productivity by mitigating such a tax distortion. …Radical innovations require risk-taking. However, it is hard to find an objective measure for innovation investments … that would take riskiness into account. In this paper, we investigate how a simple measure of firms’ innovation investments …
Persistent link: https://www.econbiz.de/10010987122
productivity. An important issue, therefore, is how to measure allocative efficiency. We compare popular indicators of allocative … productivity and to the Olley-Pakes (OP) covariance component, which is currently the most popular measure of allocative efficiency …
Persistent link: https://www.econbiz.de/10010987367
Purchasing power parities (PPPs) for R&D expenditure in 19 manufacturing industries are developed for France, Germany, Japan, the Netherlands and the United Kingdom relative to the United States for the years 1997 and 1987. These PPPs are based on R&D input prices for specific cost categories...
Persistent link: https://www.econbiz.de/10004968048
liberalisation; strengthening competition in markets for goods and services; education, research and innovation. Progress is also …’éducation, la recherche et l’innovation. Des progrès sont également requis dans d’autres domaines, notamment pour promouvoir des …
Persistent link: https://www.econbiz.de/10011277005
In the 1990s, measured productivity growth decelerated dramatically in Japan. However, the standard Solow residuals may … important role in lowering measured productivity growth relative to true technology growth. Our results thus cast doubt on the … explanation of Japans "lost decade" that attributes the prolonged slump to the observed productivity slowdown. …
Persistent link: https://www.econbiz.de/10008472600
We provide industry-level estimates of the elasticity of substitution (?) between capital and labor in the US economy. We also estimate rates of factor-augmentation. Aggregate estimates are produced using the same data. Our empirical model comes from the first-order conditions associated with a...
Persistent link: https://www.econbiz.de/10008550329
Die Hauptaufgabe des Aufsatzes ist die analytische Bewertung des Produktivitätsrückstandes der estnischen Industrie im Vergleich mit anderen EU-Ländern. Dabei werden wir den absoluten Rückstand durch zwei Hauptfaktoren erklären: 1) Durch die Industriestruktur im Sinne der Anteile der...
Persistent link: https://www.econbiz.de/10008866103
This study is to our knowledge the first attempt to infer the consequences on productivity entailed by anticompetitive … productivity in different ways and to different extents. A simulation based on these results and on OECD regulation indicators … suggests that nearly all countries, in particular European countries, could expect sizeable gains in multifactor productivity …
Persistent link: https://www.econbiz.de/10010939335
the Brazilian industry, if one analyzes the increase in productivity at the sectoral level and by firm size; (ii …) differences in productivity growth seem to be a consequence of a modernization effort undertaken by leading Brazilian companies …; (iii) there is an increase of the proportion of workers in low productivity (stagnant) sectors. …
Persistent link: https://www.econbiz.de/10004988707
Technologies (ICTs) in productivity growth, but this research has focused primarily on North America. In the fourth article … ICT capital is a primary driver of labour productivity growth in all UK sectors except mining and quarrying. He concludes … that the weaker productivity performance of the United Kingdom relative to the United States can be attributed mainly to …
Persistent link: https://www.econbiz.de/10005650240