The relationship between recessions and productivity has been the focus of an important body of theoretical and empirical research in the last two decades. We contribute to this literature by presenting new evidence on the evolution of productivity in the aftermath of recessions. Our method...

The benefits from the New Economy should accrue as improvements in productivity and economic growth. But while the use of information and communication technology seems to have had a substantial impact on the performance of the United States economy, the evidence for other countries is much...

Hochentwickelte Industriestaaten bedürfen permanenter Innovation, um weiterhin wachsen zu können. Nur dadurch ist es möglich, auf dem Weltmarkt Preise zu erzielen, die günstige Terms of Trade und ein hohes Lohnniveau ermöglichen. Die Förderung von Innovation wird damit zu einer zentralen...

This paper presents a theoretical model to analyze the effects of technology change on growth rates of income and human capital in the uncertain environments of technology. The uncertainty comes from two sources; the possibility of a technology advance and the characteristics of new...

This paper presents a theoretical model and empirical evidence to explain the observation that a country in which the level of technology approaches the technology frontier tends to rely more on technology creation than adoption, and to invest more in basic research than in development. The...

In seinem einleitenden Beitrag unterstreicht Ludger Wößmann, ifo Institut und LMU, dass Quellen modernen Wachstums in der Wissensgesellschaft bedeuten vor allem Investitionen in den Wissensbestand der Bevölkerung (Bildung), Generierung und Vermarktung neuen Wissens (Innovation) und...