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The knowledge production function is central to Ramp;D-based growth models. This paper empirically investigates the … in light of existing theoretical and empirical evidence on endogenous growth …
Persistent link: https://www.econbiz.de/10012780677
The most widely accepted explanation for the inverse association between private investments and current accounts [Glick and Rogoff, 1995] rests on data for manufactures through 1990. Is this consensus robust to revisions to the national accounts and the expansion of information technologies...
Persistent link: https://www.econbiz.de/10014095304
Is public expenditure productive? Is there a shortfall or excess in public capital investment? We address these old issues in light of new econometric tools. It is argued that the Cobb-Douglas specification that ignores nonlinearity inherent in the functional relationship of the production...
Persistent link: https://www.econbiz.de/10012779572
Trends in gross domestic product (GDP) and total factor productivity (TFP) growth in the former socialist economies … seem to indicate that these economies were converging to unusually low long-run growth rates in the late 1980s. In this … paper we develop an endogenous growth model of entrepreneurship that is able to account for the difference in long …
Persistent link: https://www.econbiz.de/10004991321
We develop a model of growth driven by successive improvements in `General Purpose Technologies' (GPTs), such as the … second phase that growth starts in earnest. The historical record of productivity growth associated with electrification, and …
Persistent link: https://www.econbiz.de/10005124059
This chapter is an exposition, rather than a survey, of the one-sector neoclassical growth model. It describes how the … non-renewable natural resources, endogenous population growth and technological progress. In each case, the purpose is to …
Persistent link: https://www.econbiz.de/10014024241
This paper examines whether growth regressions should incorporate dualism and structural change. If there is a … factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than … labour can explain a significant fraction of the international variation in TFP growth. …
Persistent link: https://www.econbiz.de/10011451098
Recent research has revealed enormous variation in performance and growth among firms, which both drives and is driven …
Persistent link: https://www.econbiz.de/10011417130
at least half of product innovation and growth comes from firms that never patent. We also find that market leaders use …
Persistent link: https://www.econbiz.de/10012203391
Research and Development (R&D) activities of emerging countries (EMEs) have increased considerably in recent years. Recent micro studies and anecdotal evidence points to industrialized countries as the sources of knowledge in EMEs. In this context, we examine ideas production and international...
Persistent link: https://www.econbiz.de/10011689567