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In this paper, we aim to bring the debate on the global productivity slowdown – which has largely been conducted from a … macroeconomic perspective – to a more micro-level. We show that a particularly striking feature of the productivity slowdown is not … so much a lower productivity growth at the global frontier, but rather rising labour productivity at the global frontier …
Persistent link: https://www.econbiz.de/10011610943
robust advancements in labor productivity. Next, the primary drivers of labor productivity growth and convergence across many … economies were driven by total factor productivity, labor quality, and digital transformation. Lastly, digital transformation … not only directly contributed to the augmentation of labor productivity, as quantified through growth accounting …
Persistent link: https://www.econbiz.de/10014339316
Productivity growth is a key determinant of rising living standards. The agricultural sector has been an important … contributor to the overall growth of productivity in New Zealand. The average rate of multifactor productivity growth in … the 1980s. This paper estimates the contribution that R&D has made to agricultural productivity. It develops a theoretical …
Persistent link: https://www.econbiz.de/10012115589
, several existing growth-accounting studies reveal that impressively high rates of productivity growth have been at the heart … of China's performance. This study investigates to what extent these productivity increases can be explained by …-adoption framework. It can account for roughly 80% of China's productivity gains. -- technological progress ; technology adoption ; TFP …
Persistent link: https://www.econbiz.de/10003774716
The literature on economic growth has identified knowledge expansion as a key propellant. Early research derived this conclusion from the residual that remained after the growth contributions from capital and labour had been accounted for. Later modifications expanded the concept of fixed...
Persistent link: https://www.econbiz.de/10013068114
In this paper we review a number of analytical mothods and issues related to identifying and estimating the source of productivy growth.
Persistent link: https://www.econbiz.de/10005264443
productivity. Using econometric modelling and input-output economics, the analysis examines and measures the extent to which … telecommunications has contributed to national and sectoral productivity performance. The main findings from this paper suggests that …
Persistent link: https://www.econbiz.de/10014030186
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...
Persistent link: https://www.econbiz.de/10014025596
between productivity and justice in market societies. It combines a basic model for understanding market societies, a … prosocial actors interact to advance their individual or prosocial goals, trading off productivity for power as they act … stability form regimes, during which the basic terms of productivity, power, and justice can be adjusted in relatively minor …
Persistent link: https://www.econbiz.de/10014084088
Productivity growth is a key determinant of rising living standards. The agricultural sector has been an important … contributor to the overall growth of productivity in New Zealand. The average rate of multifactor productivity growth in … the 1980s. This paper estimates the contribution that R&D has made to agricultural productivity. It develops a theoretical …
Persistent link: https://www.econbiz.de/10005138940