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Capital Investment Versus Utilization in Business Performance and Economic Growth
Franke, Richard H.; Miller, John A. - 2008
Critical review of investment-economic performance literatures in economics and strategic management indicates that more capital investment does not seem to contribute to higher national economic growth or to higher corporate profitability. Instead, greater utilization of capital and human...
Persistent link: https://www.econbiz.de/10014217622
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Appunti su a New View of Economic Growth di Maurice Fitzgerald Scott
Florio, Massimo - Centre for Industrial Studies (CSIL) - 2011
This paper comments an important book by Maurice FG. Scott, «A New View of Economic Growth». The main contribution of the book is to show that capital investment can sustain endogenous growth, as it embodies technical progress. Neoclassical theories of growth are based on an error in...
Persistent link: https://www.econbiz.de/10009385552
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Endogenous Depreciation Rate and Economic Growth (Tasa De Depreciación Endógena Y Crecimiento Económico)
Parada, Julian David - 2010
endogenous depreciation rate. The model we present is one of technical innovations. Technologies are differentiated by … depreciation rates and smaller depreciation rates are more costly. In this setting there can be more than one steady state because … of the complementarity between capital and depreciation rates. The main result of the paper is the existence of poverty …
Persistent link: https://www.econbiz.de/10013148925
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Chapter 66 The Measurement of Productivity for Nations
Diewert, W. Erwin; Nakamura, Alice O. - In: Handbook of econometrics : volume 6A, (pp. 4501-4586). 2007
This chapter covers the theory and methods for productivity measurement for nations. Labor, multifactor and total factor productivity measures are defined and are related to each other and to gross domestic product (GDP) per capita. Their growth over time and relative counterparts are defined as...
Persistent link: https://www.econbiz.de/10014024949
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INTERPRETING OVERALL INEQUALITY IN CHINA: THE ROLES OF PHYSICAL CAPITAL, HUMAN CAPITAL AND SOCIAL CAPITAL
LI, Yuheng; WESTLUND, Hans - In: Regional Science Inquiry V (2013) 2, pp. 145-150
This paper investigates the relationship between overall inequality in China and the contributions of physical capital, human capital and social capital. The investment in physical capital tends to enlarge overall inequality while human capital helps to reduce the inequality. Human capital...
Persistent link: https://www.econbiz.de/10010722712
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Solow residuals without capital stocks
Burda, Michael C. (contributor);  … - 2008
and depreciation are endogenous. We propose two alternative measurements which eliminate capital stocks from the …
Persistent link: https://www.econbiz.de/10003770644
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Are Technology Improvements Contractionary?
Basu, Susanto; Fernald, John G.; Kimball, Miles S. - 2015
Yes. We construct a measure of aggregate technology change, controlling for imperfect competition, varying utilization of capital and labor, and aggregation effects. On impact, when technology improves, input use falls sharply, and output may fall slightly. With a lag of several years, inputs...
Persistent link: https://www.econbiz.de/10014208898
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Total Factor Productivity and Macroeconomic Instability
Berument, Hakan - 2018
Total factor productivity (TFP) is an important component of growth for most countries. This article assesses the role of macroeconomic instability on TFP growth. We consider volatility in inflation, openness of an economy and financial market deepness as measures of macroeconomic instability....
Persistent link: https://www.econbiz.de/10012915163
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The diffusion of technological progress in ICT
Elstner, Steffen; Grimme, Christian; Kecht, Valentin; … - 2020
We study whether technology gains in sectors related to Information and Communications Technology (ICT) increase productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative price of ICT goods and services in a structural VAR...
Persistent link: https://www.econbiz.de/10012391362
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Growth, Investment, and Saving in the Arab Economies
El-Erian, Mohamed A. - 2006
Sustaining a high rate of economic growth is the major policy issue facing the Arab economies. A detailed analysis of growth, investment, and savings for the period 1971-96, including through a growth accounting exercise, shows that increasing long-run growth requires improvements in both...
Persistent link: https://www.econbiz.de/10012782241