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We develop a model of growth driven by successive improvements in `General Purpose Technologies' (GPTs), such as the … second phase that growth starts in earnest. The historical record of productivity growth associated with electrification, and …
Persistent link: https://www.econbiz.de/10005124059
The sector business services contributes directly and indirectly to aggregate economic growth in Europe. The direct … cyclical volatility, there was also a strong structural growth. Business services actually generated more than half of total … net employment growth in the European Union since the second half of the 1990s. Apart from this direct growth contribution …
Persistent link: https://www.econbiz.de/10010741242
simulations, well known industrial dynamic and growth type stylized facts. Moreover, we focus the analysis on the impact of these …
Persistent link: https://www.econbiz.de/10009363257
requiring plausible long-term projections of economic growth by country or region. The workshop included presentations by … leading academics and OECD staff from the Economics Department, the Directorates of the Environment, Science and Technology …
Persistent link: https://www.econbiz.de/10005046090
model is that growth in agricultural productivity is central to development, a message that also appears prominently in the …
Persistent link: https://www.econbiz.de/10008852805
in 'growth drivers' which can account for differences in supply-side performance, especially in periods in which major … processes of innovation and diffusion of a general purpose technology (GPT) take place. There is also an analysis of the … good results in technology policy combined with policies which aim towards social inclusiveness. …
Persistent link: https://www.econbiz.de/10012100027
We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is … social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of …
Persistent link: https://www.econbiz.de/10010273729
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …
Persistent link: https://www.econbiz.de/10010274699
at least half of product innovation and growth comes from firms that never patent. We also find that market leaders use …
Persistent link: https://www.econbiz.de/10012389581
This working paper reviews recent empirical evidence on large firms and nonproductive strategies that hinder creative destruction and reallocation. The focus is on three types of nonproductive strategies: political connections, nonproductive patenting, and anticompetitive acquisitions. Across...
Persistent link: https://www.econbiz.de/10012819000