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Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in …, Britain, France, Germany and Japan and proceeds to evaluate the hypothesis of a productivity bonus as postulated by many … there was no generalized productivity boost from electrical power diffusion as postulated by many existing GPT models. The …
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Chapter 1. Introduction -- Part I. The Drive for Development -- Chapter 2. Enter local control -- Chapter 3. The force unleashed -- Part II. The Growth Mechanism -- Chapter 4. Hardware and software -- Chapter 5. Mechanization, automation and the labor market -- Chapter 6. Scale of operations --...
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direct investment, imports of productivity-enhancing technology - are petering out, and are yet to be substituted. We propose …
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This paper is a short history of the Indian economy since 1968. India today is a changed country from what it was half … below the poverty line has fallen markedly, and India has joined the pantheon of major players globally. This paper analyses …
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impact of AI on jobs, inequality, wages, labor productivity and long-run GDP growth are explored. …
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substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …
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