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Manufacturing as the key engine of economic growth for middle-income economies
Su, Dan; Yao, Yang - 2016
This paper revisits the role of the manufacturing sector during the middle-income stage. By exploiting a large dataset that covers internationally comparable sectoral information, we prove that the manufacturing sector is imbued with three important characteristics. First, for middle-income...
Persistent link: https://www.econbiz.de/10011476359
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Is the Growth Effect of Financial Development Conditional on Technological Innovation?
Bhatti, Arshad - 2015
This paper argues that excessive financial development in combination with high levels of technological innovation or R&D activities may lead to the former being ineffective in generating economic growth. This hypothesis is examined through a dynamic panel analysis using two measures of...
Persistent link: https://www.econbiz.de/10013034506
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Innovation, finance, and economic growth : an agent-based approach
Fagiolo, Giorgio; Giachini, Daniele; Roventini, Andrea - 2017
This paper extends the endogenous-growth agent-based model in Fagiolo& Dosi (2003) to study the finance-growth nexus. We explore industries where firms produce a homogeneous good using existing technologies, perform R&D activities to introduce new techniques, and imitate the most productive...
Persistent link: https://www.econbiz.de/10011752444
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The Impact of Plant-Level Resource Allocations and Technical Progress on U.S. Macroeconomic Growth
Petrin, Amil - 2009
for each 4-digit SIC code. Our framework uses the Petrin and Levinsohn (2008) definition of aggregate productivity growth …
Persistent link: https://www.econbiz.de/10013152982
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Technology Diffusion or Capital Accumulation? An Empirical Assessment of Convergence in Manufacturing
Dal Bianco, Silvia - 2010
and the Generalized Method of Moments estimators to test, respectively, for Total Factor Productivity determinants and … labor productivity convergence driving forces (i.e.capital accumulation and technological catch-up) in different … cross-country heterogeneity of labor productivity convergence tendencies. My results show that technology growth rate is …
Persistent link: https://www.econbiz.de/10010343896
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Financial development and economic performance
Tadesse, Solomon - In: Financial institutions and development, (pp. 1-43). 2007
Persistent link: https://www.econbiz.de/10003626076
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Financial development and technology diffusion
Comin, Diego; Nanda, Ramana - In: IMF economic review 67 (2019) 2, pp. 395-419
Persistent link: https://www.econbiz.de/10012241615
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Innovation and economic performance : the role of financial development
Prah, Gigamon Joseph - In: Quantitative finance and economics 6 (2022) 4, pp. 696-721
Persistent link: https://www.econbiz.de/10013500702
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Trend Breaks, Long-Run Restrictions, and the Contractionary Effects of Technology Improvements
Fernald, John G. - 2006
plausible) trend breaks in productivity, the treatment of hours is relatively unimportant: Hours fall sharply on impact … following a technology improvement. The issue is the common high-low-high pattern of hours per capita and productivity growth …
Persistent link: https://www.econbiz.de/10012734986
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The diffusion of technological progress in ICT
Elstner, Steffen; Grimme, Christian; Kecht, Valentin; … - 2020
productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative …
Persistent link: https://www.econbiz.de/10012391362