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I summarize the main results and policy insights from the 2011 EIB Conference on “Productivity and Long-Term Growth … Potential in Europe.” Europe's need for productivity growth has become more pressing against the backdrop of huge government … enhanced by removing overly protective elements of the patent system. Education attainment and quality as well as life …
Persistent link: https://www.econbiz.de/10013112577
Relying on a novel dataset on hardware and software investments in the universe of French firms, we document a robust within-industry correlation between firm size and the intensity of IT demand. To explain this fact, we argue that the relative marginal product of IT inputs may rise with firm...
Persistent link: https://www.econbiz.de/10012847624
We extend the conventional Solow growth accounting model to allow innovation to affect consumer welfare directly. Our model is based on Lancaster’s New Approach to Consumer Theory, in which there is a separate “consumption technology� that transforms the produced goods,...
Persistent link: https://www.econbiz.de/10012853832
There is much we do not know and cannot know about the socioeconomic impacts of intelligent machines. The impacts will be driven by business strategies that differ by sector and country. “Good jobs” strategies are possible. It is important to identify and strengthen the factors, including...
Persistent link: https://www.econbiz.de/10012867404
This study explores the link between telecommunications capital intensity and the aggregate production efficiency in the framework of meta-frontier analysis. The latter makes it possible to compare technical efficiency levels between countries operating under different technological frontiers....
Persistent link: https://www.econbiz.de/10012708530
Recent development and growth accounting studies have established that total factor productivity is an important source …, within the Cobb-Douglas framework, it weighs evidence of the two alternative explanations of total factor productivity …
Persistent link: https://www.econbiz.de/10012777854
The growth of agricultural productivity is widely believed to be low. But this study finds the productivity growth rate … may be an advantage.Martin and Mitra examine the growth and convergence of total factor productivity in agriculture and … rarely tested view that the rate of growth in agricultural productivity is invariably low. But Martin and Mitra find that the …
Persistent link: https://www.econbiz.de/10012749223
knowledge, the productivity growth experienced during the Industrial Revolution would have eventually diminished, as did growth … from previous productivity revolutions (i.e. agriculture, expansions of trade). Yet scientific knowledge, as distinct from … technology or economic productivity, is often not explicitly included in models of long run growth. Making this distinction …
Persistent link: https://www.econbiz.de/10012729451
This paper looks at productivity growth rates in Malta and Cyprus and proposes policies as to how these island states … countries might augment their productivity and competitiveness. We identify three possible growth strategies for the islands: an … productivity yardsticks. We also evaluate trends in Gross Value Added (GVA), employment levels, and Unit Labour Costs (ULCs) in the …
Persistent link: https://www.econbiz.de/10012960848
when we include R&D moments in the estimation. Finally, we study the link between firm heterogeneity and R&D subsidies, and …
Persistent link: https://www.econbiz.de/10012981182