Showing 1 - 10 of 5,211
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10014025596
This paper argues that investment-specific technological progress (ISTP) conventionally identified with the relative price of investment, inevitably correlate with neutral technological progress in heterogeneous production networks. Consequently, the ISTP is an elusive concept to examine the...
Persistent link: https://www.econbiz.de/10014235511
effects of international co-operative R&D on short term productivity gains among European manufacturing firms and to clarify … symmetric Research Joint Ventures (RJVs) increase productivity to a greater extent than RJVs between asymmetric firms. The …
Persistent link: https://www.econbiz.de/10014155776
The benefits from the New Economy should accrue as improvements in productivity and economic growth. But while the use … apparent ‘productivity paradox’. The most obvious one is the fact that not many countries, other than the US, have yet invested …
Persistent link: https://www.econbiz.de/10010279209
A growing number of studies identify a generalized slowdown in labor productivity growth. The very existence of the … of the observed trends. We posit that the composition of aggregate productivity matters. In a nutshell, we make the … analysis of productivity growth slowdown more fine-grained by shifting the focus to the industry level, considering that the …
Persistent link: https://www.econbiz.de/10011861429
This paper investigates the forces driving output growth, namely technological, efficiency, and input changes, in 80 countries over the period 1970-2000. Relevant past studies typically assume that: (i) countries use resources efficiently, and (ii) the underlying production technology is the...
Persistent link: https://www.econbiz.de/10012714412
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
find no evidence that technical change (proxied by the growth of productivity) reduces employment growth. We demonstrate … productivity growth suffers from omitted-variable bias. As the omitted variable is known, we can have a good idea of what the …
Persistent link: https://www.econbiz.de/10012435652
and their productivity. Recent work suggests that these calculations should treat workers of different skill levels as … imperfect substitutes. However, under this approach, it has been challenging to compute skill-specific productivity levels for a … data set on labor force composition to construct measures of productivity for workers in three distinct skill categories …
Persistent link: https://www.econbiz.de/10012869262
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. Consequently, the coefficient of labor productivity growth suffers from … omitted-variable bias, where the omitted variable is known. The use of total factor productivity (TFP) growth as a proxy for …
Persistent link: https://www.econbiz.de/10012165414