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Endogenous Growth with Technological Change: A Model Based on R&D Expenditure

Freire-Serén, Mª Jesús - Instituto Universitario de Estudios e Desenvolvemento … - 2000

The aim of this paper is to empirically analyze the role that aggregate R&D-expenditures play in economic growth. We introduce a technology of innovation based on R&D-expenditures instead of labor to see how this consideration generates sustainable growth determined endogenously, even if...

Persistent link: https://www.econbiz.de/10004977315

Knowledge based economy in European Union

Stanculescu, Ecaterina - In: Revista de Economie Mondiala / The Journal of Global … 4 (2012) 2

Nowadays we assist at a fundamental change from the economy based mainly on resources to the one based mostly on knowledge. The concept has been launched in the last decade of the past century. The knowledge became a production agent and a value creation instrument for whatever country and of...

Persistent link: https://www.econbiz.de/10010752186

European Integration and Productivity Growth

Norberg, Helene - Economics Institute for Research (SIR), … - 1996

In this study, productivity growth, convergence, and structural change are examined for various samples of EU members …. It is found that structural change has had a minor impact on aggregate labor productivity growth, and that there has been … significant convergence in labor productivity at the industrial level during the 1960s and 1970s within the EU. The productivity …

Persistent link: https://www.econbiz.de/10005649408

Understanding Economic Growth: Review Article of Why Economies Grow

Sharpe, Andrew - In: International Productivity Monitor 8 (2004) Spring, pp. 81-84

The question of why economies grow has been at the heart of economic inquiry since Adam Smith. The final article is a review of the recent book Why Economies Grow: The Forces That Shape Prosperity and How to Get Them Working Again by Jeff Madrick. He argues that the growth of markets through...

Persistent link: https://www.econbiz.de/10005650239

The autocatalytic character of the growth of production knowledge: What role does human labor play?

Brenner, Thomas; Cordes, Christian - Volkswirtschaft Abteilung, Fachbereich … - 2004

This paper analyzes how the qualitative change in human labor occurs in mutual dependence with the advancement of the epistemic base of technology. Historically, a recurrent pattern can be identified: humans learned to successively transfer labor qualities to machines. The subsequent release of...

Persistent link: https://www.econbiz.de/10005765335

From Growth Theory to Technology Policy -Coordination Problems in Theory and Practice.

Klette, T.J.; Moen, J. - Norges Handelshøyskole (NHH) - 1998

Economists, in particular Bresnahan and Trajtenberg (1995), have recently drawn attention to the importance of generic or general purpose technologies (GPTs) and their significance for economic growth. An interesting part of this research identifies coordination problems in the introduction of...

Persistent link: https://www.econbiz.de/10005646780

An endogenous growth model with quality ladders and consumers’ heterogeneity

Marasco, Antonio - Volkswirtschaftliche Fakultät, … - 2002

This paper develops an endogenous growth model with quality ladders where consumers heterogeneity is assumed and is modelled through non homothetic preferences. We show that in such a model, unlike mainstream quality ladders models, the steady state equilibrium is characterised by a duopoly were...

Persistent link: https://www.econbiz.de/10005837179

The Productivity Paradox and the New Economy: The Spanish Case

López, Jesús Rodríguez; López, Diego Martínez; … - Departamento de Economía, Universidad Pablo de Olavide - 2007

Spanish productivity growth is very relevant, whereas the contribution of non-ICT capital has been even negative. Additionally …, over the sample period 1995-2002, we find a negative TFP and productivity growth. These results together aim at the … hypothesis that the Spanish economy could be placed within the productivity paradox. …

Persistent link: https://www.econbiz.de/10005169844

The Evolution of the Literature on Technological Change over time: A Survey

Conte, Andrea - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

This paper reviews the emergence and evolution of major topics in economics of innovation. Throughout the paper, particular attention is devoted to the analysis of the cumulative aspects and complementarities between di_erent paths of research over time. Moreover, this survey highlights the...

Persistent link: https://www.econbiz.de/10005252215

Can Labour-Savings, Capital-Intensive Production Techniques Reduce Unemployment Rates in Developing Countries? Evidence From Malaysia

Taylor, Ranald J. - In: Australian Journal of Labour Economics (AJLE) 7 (2004) 4, pp. 515-524

Traditional economic wisdom predicts that unemployment rates will rise in most of the developing countries as a result of following an industrialisation process that utilised a labour-saving production technique. The findings of this paper suggest otherwise. Based on the development experience...

Persistent link: https://www.econbiz.de/10008565306