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Tangible and intangible assets in the growth performance of the EU, Japan and the US
Adarov, Amat; Stehrer, Robert - 2019
This paper discusses new results using the EU KLEMS 2019 Release focussing on the role of ICT and intangibles assets employing a growth accounting framework and an econometric analysis. The EU KLEMS 2019 data covers most EU Member States, the US and Japan, forty detailed industries according to...
Persistent link: https://www.econbiz.de/10012154247
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Fixed Cost, Imperfect Competition and Bias in Technology Measurement : Japan and The United States
Nishimura, Kiyohiko - 2000
In many industries, competition is far from perfect and managerial efficiency (or a fixed cost) varies among firms. However, traditional measurement of technological progress assumes perfect competition and no fixed cost. This paper incorporates these two factors in the technological-progress...
Persistent link: https://www.econbiz.de/10012446897
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ICT Intermediates, Growth and Productivity Spillovers: Evidence from Comparison of Growth Effects inGerman and US Manufacturing Sectors
Strobel, Thomas - 2012
differences is countries'TFP growth rates with about twice the size in the US. According to robust econometricanalysis there have … been strong spillover effects from increasing domestically-producedICT materials in German TFP growth, while for the US TFP … 2000 are explained toa great extent by strong US TFP growth in the Electrical & Electronic Machinery sector. …
Persistent link: https://www.econbiz.de/10010312069
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Accounting for U.S. Post-War Economic Growth
Del Río, Fernando - 2020
We develope a growth accounting method using the whole neoclassical growth model. We obtain three primary findings from our analysis of the U.S. economy during 1954--2017. First, the efficiency wedges in the entire period accurately account for the evolution of U.S. productivity and labor share....
Persistent link: https://www.econbiz.de/10012832868
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US Economic Growth in the Gilded Age
Field, Alexander J. - 2009
identifies two difficulties with this claim. First, TFP growth virtually disappeared in the U.S. between 1973 and 1995. Second …, TFP growth was in fact quite robust between the end of the Civil War and 1906, as was in fact acknowledged by Abramovitz …
Persistent link: https://www.econbiz.de/10014220130
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Globalization and Productivity in the United States and Germany
Mann, Catherine L. - 1998
This paper investigates the impact of globalization on productivity growth and the procyclicality of productivity growth in manufacturing industries in the United States and Germany. For U.S. industries, the analysis suggests that changes in international demand affects productivity growth...
Persistent link: https://www.econbiz.de/10014071519
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The V-factor: distribution, timing and correlates of the great Indian growth turnaround
Ghate, Chetan; Wright, Stephen - 2008
The ratio of Indian to US per capita output over the past 45 years has displayed a distinctive V-shaped pattern. We show that a strikingly similar V-shaped pattern is visible not just in aggregate output .figures, but also as the primary determinant of long-term movements in the cross-sectional...
Persistent link: https://www.econbiz.de/10010265006
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The "V-Factor": distribution, timing and correlates of the great Indian growth turnaround
Ghate, Chetan; Wright, Stephen - 2009
Following Bai (2004) and Bai and Ng (2004) we estimate a common factor representation of a panel of output series for India, disaggregated by 15 states and 14 broad industry groups. We find that a single common V-Factor accounts for a large part of the significant shift in the cross-sectional...
Persistent link: https://www.econbiz.de/10010274009
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The "V-Factorʺ: distribution, timing and correlates of the great Indian growth turnaround
Ghate, Chetan; Wright, Stephen - 2009
Following Bai (2004) and Bai and Ng (2004) we estimate a common factor representation of a panel of output series for India, disaggregated by 15 states and 14 broad industry groups. We find that a single common "V-Factor" accounts for a large part of the significant shift in the cross-sectional...
Persistent link: https://www.econbiz.de/10003809921
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The energy paradox of sectoral change and the future prospects of the service economy
Gross, Christian; Witt, Ulrich - 2012
Persistently rising energy prices have revived interest in the economic impact of changing energy costs. We explore the effects of these costs on sectoral change, particularly in relation to the rise and future prospects of the service economy. Following Baumol's cost disease hypothesis,...
Persistent link: https://www.econbiz.de/10010327363