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After a long period of catch-up growth that began after the Second World War, France has now reached a technological …'s most innovative economies? Why is it so difficult for France and its economic agents to transform the output of its world … growth?We believe that France has reached a turning point and that there is today a substantial risk that the “institutions …
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The long-run evolution of per-capita income exhibits a structural break often associated with the Industrial Revolution. We follow Mokyr (2002) and embed the idea that this structural break reflects a regime switch in the evolution of technological knowledge into a dynamic framework, using Airy...
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The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However, the size of the estimated growth rate of total...
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Politikinstrumente auf das mittel- und langfristige Wirtschaftswachstum der USA und Japan vorzunehmen. Unsere Ergebnisse zeigen mehrere …
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