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direct investment, imports of productivity-enhancing technology - are petering out, and are yet to be substituted. We propose …
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In the last half of the 1990s, labor productivity growth rose in the U.S. and fell almost everywhere in Europe. We … document changes in both capital deepening and multifactor productivity (MFP) growth in both the information and communication … technology (ICT) and non-ICT sectors. We view MFP growth in the ICT sector as investment-specific productivity (ISP) growth. We …
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Carbon Capture Utilization and Storage (CCUS) stands as a pivotal technology crucial for achieving the most ambitious climate objectives. Despite its prominent inclusion in energy mix projections, its current deployment falls short of the requisite level. Additionally, uncertainties surrounding...
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We determine the core characteristics of a climate coalition's optimal policies in a dynamic two country directed technical change framework. Unilateral policies alter the structure of production and thereby innovation incentives across countries. Whenever feasible, optimal policies implement...
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