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. Alternatively, removing barriers between industries and countries would raise EU GDP by at least 25 percent. Firm characteristics … marginal products of capital and labor. We emphasize that some firm characteristics may reflect compensating differentials … due to differences in how the business, institutional and policy environment translates firm characteristics into outcomes …
Persistent link: https://www.econbiz.de/10011869248
-complementary skills. Second, Austria needs to make its business environment more conducive to firm entry and exit. The rate of entry of …
Persistent link: https://www.econbiz.de/10011823616
The present paper studies the relationship between R&D investment and firm productivity growth by explicitly accounting … for non-linearities in the R&D-productivity relationship and inter-sectoral firm heterogeneity. In order to address these …. Our results suggest that: (i) R&D investment increases firm productivity with an average elasticity of 0.15; (ii) the …
Persistent link: https://www.econbiz.de/10011982910
intensity, and an indirect effect of belonging to a sector with high digital intensity. The firm-level productivity premium of …With a newly constructed firm-level dataset combining various survey- and registry data from Statistics Estonia, this … paper sheds new light on the labour productivity premium from adopting digital technologies and boosting digital skill use …
Persistent link: https://www.econbiz.de/10012421213
artificial intelligence seem to offer a vast potential to boost productivity and living standards. However, aggregate … productivity growth has declined sharply across the OECD over the past decades. Estonia is no exception, though it is well placed … digital infrastructure and world-leading e-government services. Turning this potential into a productivity boost necessitates …
Persistent link: https://www.econbiz.de/10012421214
In this report we review the literature on the relationship between ICT and productivity. In Sect. 1 we discuss in … broad terms the theoretical relationship between ICT and productivity, while in Sect. 2 we present the growth accounting …, total factor productivity). Within the growth-accounting methodology, in Sect. 3, we discuss the U.S. - E.U. productivity …
Persistent link: https://www.econbiz.de/10011979491
growth, and the rest of firms whose productivity stagnates. The empirical analysis – based on firm-level data for the period …Slow productivity growth in advanced economies holds back income gains and therefore improvements in well …-being. Sluggish productivity gains in aggregate hide a growing gap between firms at the frontier, which display sustained productivity …
Persistent link: https://www.econbiz.de/10011914201
This report compares R&D modelling approaches in four macroeconomic models used by the European Commission for ex-ante policy impact assessment: one Dynamic Stochastic General Equilibrium (DSGE) model - QUEST; one Spatial Computable General Equilibrium (SCGE) model - RHOMOLO; one Computable...
Persistent link: https://www.econbiz.de/10011983742
Insufficient diffusion of new technologies has been quoted as one possible reason for weak productivity performance … the two sets of factors, with market incentives reinforcing the positive effects of enhancements in firm capabilities on …
Persistent link: https://www.econbiz.de/10011914205
Productivity growth has slowed across most OECD economies since the mid-2000s. While important aspects of New Zealand …’s economic performance have improved over this period, productivity growth is still comparatively low. This continues a long …-run trend of poor productivity in New Zealand, which is the key reason why average incomes are still below the OECD average …
Persistent link: https://www.econbiz.de/10011853625