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The service sector is the largest and fastest growing sector in India and has the highest labor productivity, but … jobs needed. There is no policy leading to inclusive growth, and multiple, uncoordinated governing bodies adversely affect … the growth of the sector. Many regulations are outdated, and there are restrictions and barriers on foreign direct …
Persistent link: https://www.econbiz.de/10009781184
We analyze the dynamic interaction of Japan's total factor productivity, gross domestic product (GDP) domestic and … effects of permanent policy changes shows that (i) additional public R&D encourages private R&D and total factor productivity … (TFP), and has higher internal rates of return than private R&D changes and therefore could speed up Japan's growth; (ii …
Persistent link: https://www.econbiz.de/10012296324
presents empirical studies related to economic growth and its determinants across countries, based on the use of data …
Persistent link: https://www.econbiz.de/10011841918
This paper addresses the controversial issue of the direct and indirect effects of public R&D on growth. We look at six … variables of R&D-driven growth jointly for 14 OECD countries using methods of dynamic systems for panel data analysis: GDP …&D has positive long-run regression coefficients for direct effects on productivity and indirect ones via private R&D. Here …
Persistent link: https://www.econbiz.de/10015071017
a strong positive casual relationship between manufacturing productivity growth and output growth, due to static and …This study first provides an outline of Kaldor's growth model and then tests its relevance to the economic experience … manufacturing is the engine of economic growth, whereas the second proposition, also known as Verdoorn's law, asserts that there is …
Persistent link: https://www.econbiz.de/10010320573
We set up an endogenous growth model in which the efficiency of both capital and fossil energy can be improved, whereas … states: one stagnant where energy is fully derived from the alternative energy source, and one with balanced growth where …
Persistent link: https://www.econbiz.de/10010529424
This paper proposes to explain the productivity growth slowdown with the poaching of disruptive inventors by firms … these inventors threaten with their research. I build an endogenous growth model with incremental and disruptive innovation … disruptive innovations to confirm the main features of the model: Disruptions increase future research productivity, hurt …
Persistent link: https://www.econbiz.de/10014541610
productivity but not necessarily on its long run growth rate. I therefore predict that the UK will eventually return to the growth …The productivity performance of the UK economy in the period 1990-2007 was excellent. Based entirely on pre-crisis data …, and using a two-sector growth model, I project the future growth rate of GDP per hour in the market sector to be 2.61% p …
Persistent link: https://www.econbiz.de/10010700733
a strong positive casual relationship between manufacturing productivity growth and output growth, due to static and …This study first provides an outline of Kaldor's growth model and then tests its relevance to the economic experience … manufacturing is the engine of economic growth, whereas the second proposition, also known as Verdoorn's law, asserts that there is …
Persistent link: https://www.econbiz.de/10004977335
productivity in the UK while leaving the long run growth rate unaffected. Based entirely on pre-crisis data, and using a two …-sector growth model, I project the future growth rate of GDP per hour in the market sector to be 2.61% p.a. Based on a cross …
Persistent link: https://www.econbiz.de/10011185810