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adoption costs imply that the Solow residual mismeasures productivity growth: adoption costs are resource costs representing an … unmeasured investment. I find that when this investment is included, productivity grew about 0.4% per annum faster than official … measures during the 70's and early 80's, reducing the size of the productivity "slowdown." Indeed, estimated productivity …
Persistent link: https://www.econbiz.de/10005069701
fall in labor productivity is explained by an insufficient investment on non-ICT capital as well as by a negative … contribution from Total Factor Productivity (TFP). The positive news is the finding of a slight recovery since 2000 brought about …
Persistent link: https://www.econbiz.de/10005035003
This paper investigates the gains from the use of information technology in Australia during the 1990s using a growth accounting framework. We make use of new industry-level estimates of the productive capital stock. Our analysis suggests that Australia has done well out of the ‘new...
Persistent link: https://www.econbiz.de/10005423581
evidenec that among all industries in the economy industry productivity growth is positively related to R&D intensity and …
Persistent link: https://www.econbiz.de/10005605573
an acceleration in productivity, with the result that value-added in manufacturing has maintained its historic share of … increases in multifactor productivity in manufacturing are primarily attributable to technological advance. There is also some …
Persistent link: https://www.econbiz.de/10005641881
This paper investigates the relative labor productivity level for total manufacturing in Germany, Sweden and the US for … the period 1980–2001. The paper also presents estimates of labor productivity levels for 18 different manufacturing … industries for the period 1993–2000. The results show that the Swedish manufacturing productivity caught up with German and US …
Persistent link: https://www.econbiz.de/10005649323
Productivity and income growth rates and differentials vary widely among OECD countries. In this chapter, Bart van Ark … develops a framework for the understanding of these productivity and income differences. The framework breaks GDP per capita … into two basic drivers: labour supply and labour productivity. Labour supply is in turn determined by the hours worked per …
Persistent link: https://www.econbiz.de/10005650205
Technologies (ICTs) in productivity growth, but this research has focused primarily on North America. In the fourth article … ICT capital is a primary driver of labour productivity growth in all UK sectors except mining and quarrying. He concludes … that the weaker productivity performance of the United Kingdom relative to the United States can be attributed mainly to …
Persistent link: https://www.econbiz.de/10005650240
Major European countries, unlike the United States, did not experience an acceleration in labour productivity growth in … 1980-2000 period. They find that total factor productivity growth picked up considerably in the second half of the 1990s … relative to the first half, but that labour productivity growth actually decelerated. This latter development was related to …
Persistent link: https://www.econbiz.de/10005650251
This article, by Ian A. Stewart, is a review of the recently released Industry Canada research volume Productivity … the volume represents an important contribution to the productivity literature in Canada. He points out that data and … the macroeconomic perspective in the analysis of productivity growth. He believes that the golden age of productivity …
Persistent link: https://www.econbiz.de/10005518975