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This paper surveys recent empirical studies exploring aggregate productivity growth based on firm dynamics, focusing on micro-data from OECD countries. Aggregate productivity growth can be analysed as a sum of two separate processes. i) Changes in productivity in individual firms at a given size...
Persistent link: https://www.econbiz.de/10012446254
This paper surveys recent empirical studies exploring aggregate productivity growth based on firm dynamics, focusing on micro-data from OECD countries. Aggregate productivity growth can be analysed as a sum of two separate processes. i) Changes in productivity in individual firms at a given size...
Persistent link: https://www.econbiz.de/10014127885
Estonia is widely regarded as a paramount example for a successful transformation of a socialist economic system to a … Southern Europe the remaining problems of Estonia are often ignored. Estonia has hardly succeeded in catching-up economically … that Estonia faces a serious productivity problem, particularly in the manufacturing sector producing tradable goods which …
Persistent link: https://www.econbiz.de/10010518642
We use a new data set for European manufacturing firms to assess whether a short term technological convergence process has been taking place among manufacturing firms in seven European countries. The empirical analysis aims to study the effects of international co-operative R&D on short term...
Persistent link: https://www.econbiz.de/10011608576
The empirical analysis of the micro links between trade and knowledge diffusion allows us to distinguish among the key predictions of the theoretical literature on endogenous growth. This literature postulates that total factor productivity (TFP) is higher when trade gives access to a wider or...
Persistent link: https://www.econbiz.de/10011608591
This paper presents a neoclassical-growth model in which long-run growth is driven by the continuous specialization of capital. The specialization of capital is the allocation of capital into sets of specialized capital and the coordination required for different individuals to use the same set...
Persistent link: https://www.econbiz.de/10012833938
Economic development, which refers to the process of progressive transformation of an economy, is a multifaceted term without a universal definition. This article presents the constitutive elements of economic development, such as growth, distribution, and innovation. Economic development has...
Persistent link: https://www.econbiz.de/10012849707
In this essay, we begin by offering a definition and two examples of market creating innovation that provide a foundation for the historically informed theory that follows. With this definition and the examples in mind, we next assess the two dominant theories of development— essentially, the...
Persistent link: https://www.econbiz.de/10012845407
The empirical analysis of the micro links between trade and knowledge diffusion allows us to distinguish among the key predictions of the theoretical literature on endogenous growth. This literature postulates that total factor productivity (TFP) is higher when trade gives access to a wider or...
Persistent link: https://www.econbiz.de/10014155756
We use a new data set for European manufacturing firms to assess whether a short term technological convergence process has been taking place among manufacturing firms in seven European countries. The empirical analysis aims to study the effects of international co-operative R&D on short term...
Persistent link: https://www.econbiz.de/10014155776