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Demand, distribution, productivity, structural change, and (secular?) stagnation

Nikiforos, Michalis - 2020

The present paper emphasizes the role of demand, income distribution, endogenous productivity reactions, and other structural changes in the slowdown of the growth rate of output and productivity that has been observed in the United States over the last four decades. In particular, it is...

Persistent link: https://www.econbiz.de/10012165405

An Unobserved Components Model of Total Factor Productivity and the Relative Price of Investment

Chan, Joshua CC; Wemy, Edouard - 2020

and the relative price of investment to investigate the relationship between neutral technology and investment … algorithms. The results indicate that total factor productivity and the relative price of investment are, each, well … technology and investment-specific technology follow independent processes is not supported by the features of the time series …

Persistent link: https://www.econbiz.de/10014090017

The diffusion of technological progress in ICT

Elstner, Steffen; Grimme, Christian; Kecht, Valentin; … - 2020

We study whether technology gains in sectors related to Information and Communications Technology (ICT) increase productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative price of ICT goods and services in a structural VAR...

Persistent link: https://www.econbiz.de/10012391362

Investment shocks and the relative price of investment

Justiniano, Alejandro; Primiceri, Giorgio E.; … - 2009

We estimate a New-Neoclassical Synthesis model of the business cycle with two investment shocks. The first, an … investment-specific technology shock, affects the transformation of consumption into investment goods and is identified with the … relative price of investment. The second shock affects the production of installed capital from investment goods or, more …

Persistent link: https://www.econbiz.de/10003948199

Investment Shocks and the Relative Price of Investment

Justiniano, Alejandro - 2009

Persistent link: https://www.econbiz.de/10013153123

Is Poland the Next Spain?

Caselli, Francesco; Tenreyro, Silvana - 2007

We revisit Western Europe's record with labor-productivity convergence and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and greater...

Persistent link: https://www.econbiz.de/10014067497

Factor income distribution and endogenous economic growth : when Piketty meets Romer

Irmen, Andreas; Tabaković, Amer - 2016

We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its capital-income ratio, and its factor income distribution put forth in his recent book Capital in the Twenty-First Century. We find that a smaller long-run growth rate may be...

Persistent link: https://www.econbiz.de/10011568791

Technological change, diffusion and output growth

Baussola, Maurizio - 1999

Persistent link: https://www.econbiz.de/10001600920

Population aging and economic growth

Zhang, Kaiti; Guo, Ping; Li, Jing; Sun, Lujun; Ma, Fengli; … - In: China's population aging and the risk of 'Middle-income …, (pp. 59-74). 2017

Persistent link: https://www.econbiz.de/10011720129

On the impact of innovation and inequality in economic growth

Risso, Wiston Adrián; Carrera, Edgar J. S. - In: Economics of innovation and new technology 28 (2019) 1, pp. 64-81

Persistent link: https://www.econbiz.de/10012200073

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