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Conventional R&D-based growth theory argues that productivity growth is driven by population growth but the data … suggest that the erstwhile positive correlation between population and productivity turned negative during the 20th century … explains why in modern economies high growth of productivity and income is associated with low or negative population growth …
Persistent link: https://www.econbiz.de/10014165523
Conventional R&D-based growth theory argues that productivity growth is driven by population growth but the data … suggest that the erstwhile positive correlation between population and productivity turned negative during the 20th century … explains why in modern economies high growth of productivity and income is associated with low or negative population growth …
Persistent link: https://www.econbiz.de/10009619095
efficiency of unskilled labor,implying that the decline has played a significant role in the overall productivity slowdownand the …
Persistent link: https://www.econbiz.de/10013246335
and to estimate the contribution of aggregate input growth and total factor productivity (TFP) growth to income growth …
Persistent link: https://www.econbiz.de/10014225089
An active debate has centered on the importance of manufacturing for driving innovation in the U.S. economy. This paper … in manufacturing suppliers. We also find that employment in the economy has been evolving from manufacturing into … supply chain traded services is particularly important to innovation and the economy …
Persistent link: https://www.econbiz.de/10011749360
There is good reason to believe that R&D influences on TFP growth in other sectors are indirect. For R&D to spill over, it must first be successful in the home sector. Indeed, observed spillovers conform better to TFP growth than to R&D in the upstream sectors. Sectoral TFP growth rates are thus...
Persistent link: https://www.econbiz.de/10014145003
This contribution analyzes the impact of intangible capital on labor productivity growth across countries at the … capital deepening accounts for around 40 percent of labor productivity growth at both the aggregate and sectoral level. Second …, we find that this positive impact of intangible capital on productivity growth at both levels of aggregation is driven by …
Persistent link: https://www.econbiz.de/10012622533
This contribution analyzes the impact of intangible capital on labor productivity growth across countries at the … capital deepening accounts for around 50 percent of labor productivity growth at both the aggregate and sectoral level. Second …, we find that this positive impact of intangible capital on productivity growth at both levels of aggregation is driven by …
Persistent link: https://www.econbiz.de/10013183835
This study investigates the impact of the current financial crisis on Canada's potential GDP growth. Using a simple … accounting framework to decompose trend GDP growth into changes in capital, labour services, and total factor productivity, we … originates from a sharply decelerating capital stock accumulation (as investment has dropped steeply). However, over the medium …
Persistent link: https://www.econbiz.de/10013127590
, it shows that the comparative advantage of females in skill is reflected in their greater investment in education and in …
Persistent link: https://www.econbiz.de/10009696201