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Understanding the causes of the slowdown in aggregate productivity growth is key to maintaining the competitiveness of … Knowledge-Based Capital (KBC), despite having a positive effect on productivity at the micro level, is a driver of the weak … productivity performance at the aggregate level, by accentuating divergence between a group of "frontier" firms and the rest of the …
Persistent link: https://www.econbiz.de/10012215260
The authors provide an extensive review of the rapidly expanding research on productivity, both at the macro and micro …, especially the United States, where such work sheds important light on particular aspects of productivity growth. The authors …
Persistent link: https://www.econbiz.de/10010289711
The authors provide an extensive review of the rapidly expanding research on productivity, both at the macro and micro …, especially the United States, where such work sheds important light on particular aspects of productivity growth. The authors … identify areas for further research. -- Productivity …
Persistent link: https://www.econbiz.de/10003727257
We study the impact of regional and sectoral productivity changes on the U.S. economy. To that end, we consider an … environment that captures the effects of interregional and intersectoral trade in propagating disaggregated productivity changes … sectoral productivity changes. We find that such elasticities can vary significantly depending on the sectors and regions …
Persistent link: https://www.econbiz.de/10013045888
Persistent link: https://www.econbiz.de/10014513079
. Following Baumol's cost disease hypothesis, (unexplained) productivity differentials between the industrial and service sectors … are often utilized to explain the recent dominance of the service sector. We hypothesize that the productivity … productivity and variables from our model representing the technological substitution conditions. Our findings support this …
Persistent link: https://www.econbiz.de/10010327363
There is good reason to believe that R&D influences on TFP growth in other sectors are indirect. For R&D to spill over, it must first be successful in the home sector. Indeed, observed spillovers conform better to TFP growth than to R&D in the upstream sectors. Sectoral TFP growth rates are thus...
Persistent link: https://www.econbiz.de/10014145003
, the growing use of intermediates imported from China has contributed to the productivity growth within the manufacturing … production processes of 22 high-income countries. Using China’s productivity as the exogenous variation, the main result – based … average, lead to an increase in productivity by 0.65 per cent among high-income countries, and by 0.40 per cent in the US …
Persistent link: https://www.econbiz.de/10013314709
productivity growth has been disappointing since the 1970s. We propose and empirically explore the hypothesis that slow growth …'s success in innovation depends on complementary innovations among its input suppliers, rapid productivity growth that is … productivity gains. Using data on input-output linkages, citation linkages, industry productivity growth and patenting, we find …
Persistent link: https://www.econbiz.de/10014322814
Persistent link: https://www.econbiz.de/10014149607