knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … productivity, to a Marxian zone where they paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from profits to …

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 …

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 …

value is not reflected in measured growth and productivity. To capture the contribution of the "free" Internet, we model the … transaction at production cost. When we incorporate this implicit transaction into U.S. gross domestic product (GDP), productivity …

knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zoneʺ where wages increase with … productivity, to a "Marxianʺ 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 …