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Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010251655
The productivity-enhancing effects of digitalisation have generated increased interest in the promotion of digital … technologies. This report provides different estimations for euro area countries of the impact of digital uptake on productivity at … firm level, showing that the adoption of digital technologies could lead to an increase in firms' productivity in the …
Persistent link: https://www.econbiz.de/10014479720
-convergence trap" long before the euro years. We also provide stylised facts on: (i) the central role of total factor productivity in …
Persistent link: https://www.econbiz.de/10011755500
This chapter discusses different approaches pursued to explore three broad questions related to technology diffusion: what general patterns characterize the diffusion of technologies, and how have they changed over time?; what are the key drivers of technology?; and what are the macroeconomic...
Persistent link: https://www.econbiz.de/10014025595
Increasing innovation among the European Union (EU) countries became a primary concern, as it can contribute to higher competitiveness, generate new business opportunities, and promote the achievement of the sustainable development goals. This paper aims to examine the extent to which the EU...
Persistent link: https://www.econbiz.de/10014464385
factor revenue productivity across firms within an industry could have boosted valued-added 48 percent and 79 percent above …
Persistent link: https://www.econbiz.de/10013014266
We revisit Western Europe's record with labor-productivity convergence and tentatively extrapolate its implications for … higher rates of physical capital accumulation and greater total factor productivity (TFP) gains. These (relatively) high … with the fact that within-industry productivity gaps are enormous, this suggests that convergence will take a long time. On …
Persistent link: https://www.econbiz.de/10014067497
Policy-makers have become increasingly aware that corporate R&D and innovation are the main drivers of an economy's competitiveness and growth. The widespread adoption of R&D targets has led researchers and analysts to pursue a deeper understanding of corporate R&D investment trends, drivers and...
Persistent link: https://www.econbiz.de/10011980250
The diversity of technological activities that contribute to growth in labour productivity is examined in this paper … changes in labour productivity and we carry out empirical tests both for the whole economy and for the four Revised Pavitt … productivity growth in Europe, with different roles of sectorspecific technological activities developed in the pursuit of the …
Persistent link: https://www.econbiz.de/10012056173
The paper aims to contribute to the longstanding technology-push vs. demand-pull debate and to the literature on renewable energy diffusion and renewable energy policy assessment. We argue that in addition to the traditional push-pull dichotomy, the drivers of technological change must be...
Persistent link: https://www.econbiz.de/10010502131