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. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological …
Persistent link: https://www.econbiz.de/10013033817
productivity (TFP) growth in China. Our primary goal is to test Hicks' induced innovation hypothesis by examining whether technical … find that not only is wage-induced innovation significant and quantitatively important, but also that it substantially … is predominantly driven by wage-induced innovation along with massive injection of heavily subsidized physical inputs in …
Persistent link: https://www.econbiz.de/10012179650
We do two things in this paper. First, we put forward some elements of a microeconomic theory of technological … production theory, and, more importantly, expanding the notion of the production plan to include the recipe - the complete …
Persistent link: https://www.econbiz.de/10014046283
The paper analyses productivity driven by product-innovation duration, business (organizational and marketing …) innovation, and intangible-work biased technological change (IBTC) using a full register-based employer-employee dataset of … Finnish firms for the period 2000–2018 linked to Community innovation surveys (CIS). Innovations use as input occupational …
Persistent link: https://www.econbiz.de/10014264489
We propose a model where both R&D and ICT investment feed into a system of three innovation output equations (product …, process and organizational innovation), which ultimately feeds into a productivity equation. We find that ICT investment and … usage are important drivers of innovation in both manufacturing and services. Doing more R&D has a positive effect on …
Persistent link: https://www.econbiz.de/10013142051
The first step in understanding international income differences is measuring supplies of various factors of production and their productivity. Recent work suggests that these calculations should treat workers of different skill levels as imperfect substitutes. However, under this approach, it...
Persistent link: https://www.econbiz.de/10012869262
Traditional sources of growth studies generally assume that the nature of technological progress is Hicks-neutral. However, the nature of technological progress compatible with steady state conditions is Harrod-neutral rather than Hicks-neutral. This study thus investigates sources of growth for...
Persistent link: https://www.econbiz.de/10012989181
This paper studies monetary policy strategies under endogenous technology dynamics and low r ∗ . Endogenous growth strengthens the gains from make-up strategies relative to inflation targeting, especially if policy space is reduced. This result is due to the long-run non-neutrality of money...
Persistent link: https://www.econbiz.de/10013172492
We show that Autor and Salomons' (2017, 2018) analysis of the impact of technical progress on employment growth is problematic. When they use labor productivity growth as a proxy for technical progress, their regressions are quasi-accounting identities that omit one variable of the identity....
Persistent link: https://www.econbiz.de/10012165414
The chapter outlines a basic model for new institutionalist political economy as a frame for analyzing the relationship between productivity and justice in market societies. It combines a basic model for understanding market societies, a framework for integrating the role of racialized and...
Persistent link: https://www.econbiz.de/10014084088