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knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … productivity, to a "Marxian" zone where the paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10011401020
productivity gains and demand growth. In this paper we study the interactions between structural change and technological progress … linking structural transformations and sector-specific technological opportunities to aggregate productivity growth. In the … final part we present productivity decompositions using a sectoral innovation taxonomy to study the contribution of …
Persistent link: https://www.econbiz.de/10012020146
The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is largely neglected. Job-creation is often thought to be a matter of encouraging more employment on a given capital stock. In contrast, this paper explicitly deals with the long-run...
Persistent link: https://www.econbiz.de/10010495336
We examine micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey data...
Persistent link: https://www.econbiz.de/10008823197
; productivity ; financial constraint ; export ; technology frontier ; BEEPS …
Persistent link: https://www.econbiz.de/10003941706
experienced a decline in employment and a positive development in productivity while maintaining a significant contribution to …
Persistent link: https://www.econbiz.de/10009011155
The analysis in this paper shows that unpredictable variations in economic productivity may have a positive or negative …. Empirical studies concerning these two factors indicate that unpredictable variations in economic productivity have a negative …
Persistent link: https://www.econbiz.de/10011343279
How does risk or uncertainty in the productivity of research affect the growth rate of the economy? To answer this …&D from profit-maximizing firms. The uncertainty arises from the productivity of these investments in R&D. The main result of … this analysis is that the relationship between long-run growth and uncertainty (on the productivity of knowledge creation …
Persistent link: https://www.econbiz.de/10011326963
the other hand, is the major force leading to convergence in productivity due to the effect of the diffusion of technology … convergence in productivity levels. The structural model is then tested for a set of OECD countries over the period 1965 to 1994 …
Persistent link: https://www.econbiz.de/10011532013
We offer a barrier model of growth with a broader understanding of the sources of productivity growth. Organizational … more on own productivity improvements through organizational change. Trade liberalization in backward economies does not … give the expected boost to productivity growth, because of low capability to take advantage of the frontier technology …
Persistent link: https://www.econbiz.de/10011533799