The benefits from the New Economy should accrue as improvements in productivity and economic growth. But while the use … ICT investment and economic growth in the period 1985-99 for a sample of 42 countries for which ICT spending data are …

based on estimates of total factor productivity. The second one decomposes productivity growth into two sources: investment …

a relatively robust growth of high-skill-specific productivity. Their GDP growth failed to reflect that because they …

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 interrelated. Solving the intersectoral TFP equation resolves …

volatility and growth. We first develop a simple growth model where firms engage in two types of investment: a short-term one and … amplifying volatility. Tighter credit therefore leads to both higher aggregate volatility and lower mean growth for a given total … financial development predicts a higher sensitivity of both the composition of investment and mean growth to exogenous shocks …

the net effect of these forces. To do so, we build an endogenous growth model with heterogeneous firms and acquisitions … would increase growth by 0.03 percentage points per year, and raise welfare by 1.8%. …

We analyze the impact of increasing longevity on technological progress within an R&D-based endogenous growth framework … impacts upon technological progress and thereby also on productivity growth. The empirical results clearly confirm the … detrimental to economic prosperity, at least as far as technological progress and productivity growth are concerned. …

We analyze the impact of increasing longevity on technological progress within an R&D-based endogenous growth framework … positively impacts upon technological progress and thereby also on productivity growth. The empirical results clearly confirm the … detrimental to economic prosperity, at least as far as technological progress and productivity growth are concerned. …

I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and sector-specific, nonlinear … hiring costs to analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My … implemented in Germany in 2003-2005, is beneficial in the long-run as it raises growth of technology, labor productivity and real …