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Digitalization is one of the key drivers of accelerated change in our everyday lives, both on an economic and social level. With solutions enabled through ICT technologies, we are more connected than ever on the global scale. In this next chapter of globalization, we currently experience...
Persistent link: https://www.econbiz.de/10014033706
We study the relationship between ICT, total factor productivity and export at the firm level in Belgium, France and the Netherlands. In particular, we look at whether ICT has both a direct effect on export and an indirect effect via productivity improvements. We allow for endogeneity,...
Persistent link: https://www.econbiz.de/10015076749
Persistent link: https://www.econbiz.de/10002209124
The type of the mainstay of the military forces of a state decides the decree of economies of scope that exist among the military, the internal security establishment and, the fiscal apparatus which taxes and provides public goods. Economies of scope reduce the cost of military pursuit and other...
Persistent link: https://www.econbiz.de/10014159102
The current global crisis (whose origins lie in the functionality of financial markets) has diverse repercussions for intellectual capital creation (i.e. human and structural assets as well as their components). The phenomenon is linked with limited resources being allocated to innovative...
Persistent link: https://www.econbiz.de/10012999832
This paper analyzes the effect of trade on growth, when technology adoption is endogenous and depends on factor prices. It shows that trade can lead to an increase in income disparities across countries, as the rich countries grow much faster than the poor countries. This is due to...
Persistent link: https://www.econbiz.de/10013117856
Schumpeterian development is characterised by the simultaneous interplay of growth and qualitative transformations of the economic system. At the sectoral level, such qualitative transformations become manifest as variations in the sectoral composition of production. Following the implementation...
Persistent link: https://www.econbiz.de/10011494555
Variation in factor shares, extensively documented in recent years, implies that standard growth accounting exercises are plagued by measurement issues. First, the standard assumption of constant shares generates a bias in the estimation of the contribution of factors to economic growth. Second,...
Persistent link: https://www.econbiz.de/10013013322
This paper highlights the importance of knowledge for long-term economic growth. It presents the concept of the knowledge economy, an economy where knowledge is the main engine of economic growth. The paper also introduces the knowledge economy framework, which asserts that sustained investments...
Persistent link: https://www.econbiz.de/10014061505
The first step in understanding international income differences is measuring supplies of various factors of production and their productivity. Recent work suggests that these calculations should treat workers of different skill levels as imperfect substitutes. However, under this approach, it...
Persistent link: https://www.econbiz.de/10012869262