Using panel data, this paper tests whether foreign, public, and private capital have a positive and significant effect on aggregate output and labor productivity for Mexico during the 1960-2001 period. The richer information set made possible by the sectorial data enables this study to utilize...

There is growing interest in modeling the relationship between innovation and productivity in developing and transition economies due to their attempts to establish knowledge-based economies and to increase business R&D. Our paper investigates whether there is a significant relationship between...

We investigate the impact of the Golden Quadrilateral (GQ) highway project on the Indian organized manufacturing sector using enterprise data. The GQ project upgraded the quality and width of 5,846 km of roads in India. We use a difference-in-difference estimation strategy to compare non-nodal...

Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...

Estimates for the U.S. suggest that at least in some sectors productivity enhancing reallocation is the dominant factor in accounting for productivity growth. An open question, particularly relevant for developing countries, is whether reallocation is always productivity enhancing. It may be...

We investigate links between routine-biased technical change, the structure of occupational employment, and cross-country income differences. To implement this, we combine several data sources including national labour force surveys and Penn World Tables. We first document that in our novel...

Literature on technology, business and society refers to five ‘generations of innovation,’ a ‘fourth industrial revolution,’ a ‘fourth paradigm of scientific research,’ and a ‘second machine age,’ amongst others. A unifying theoretical framework is yet to make explicit underlying...

Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that - when this variable is added -...

Mit diesem Artikel wird die Berichterstattung des ifo Instituts über die Entwicklung der ostdeutschen Wirtschaft fortgesetzt. Im Mittelpunkt stehen diesmal die Ergebnisse des neuen Europäischen Systems Volkswirtschaftlicher Gesamtrechnung für Ostdeutschland im Zeitraum 1991 bis 1999. Der...

Several empirical studies are concerned with measuring the effect of currency and current account crises on economic growth. Using different empirical models this paper serves two aspects. It provides an explicit assessment of country specific factors influencing the costs of crises in terms of...