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We analyze the effect of ICT and R&D on total factor productivity (TFP) growth across different industries in Sweden. R …, spillovers from R&D affect TFP much faster than spillovers from ICT-investments. We also divide ICT capital into hardware and …
Persistent link: https://www.econbiz.de/10011422057
any total factor productivity measures computed. Our empirical findings imply that sectoral structure is of crucial …
Persistent link: https://www.econbiz.de/10009419804
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 suggests and tests a simple stochastic growth model with international technological links, where growth could be driven either by exogenous or endogenous accumulation of technological knowledge. The main prediction of the model is that per capita output in different countries are...
Persistent link: https://www.econbiz.de/10013095871
-sectional distributions of technological productivity are well-approximated either by the lognormal, Weibull, or a novel “CES … convergence of the true technological productivity distribution to the theoretical limit with n …
Persistent link: https://www.econbiz.de/10013003906
In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U …
Persistent link: https://www.econbiz.de/10012239797
While the economic theory predicts that developing countries will gain the most from technology spillovers, there have … to disentangle the effects of international spillovers via trade and FDI. My findings show that imports remain the main … on domestic productivity. The domestic R&D capital stock plays an active role in Western Europe while in the Eastern part …
Persistent link: https://www.econbiz.de/10003656226
The objective of this study is to achieve empirically the direct as well as indirect effect of FDI on economic growth for 30 developing countries from 1980 to 2004. For Indirect effect we will emphases on technology spillover through FDI and also conditional on infrastructure. Domestic...
Persistent link: https://www.econbiz.de/10014198871
This paper addresses the empirical relationship between the level of competition and the rate of productivity growth … level of competition for each sector that is defined by the mark-up that maximizes the growth rate of labor productivity … productivity growth during the period (1.86%). Hence, long-term productivity growth could have reached 2.25% if mark-ups had been …
Persistent link: https://www.econbiz.de/10012891663
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