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When taking into account time, services can experience similar productivity gains as manufacturing. Motion pictures constituted the first technology that industrialized a labour-intensive service. Measuring output in time spent consuming them doubles output growth from 4.2 to as much as 9...
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Although industrial production and growth in Greece during the interwar periodhas attracted considerable attention, there has not been any serious challengeeither in qualitative or quantitative terms to the orthodoxy established in theperiod itself. The literature usually sees the 1920s as a...
Persistent link: https://www.econbiz.de/10005870763
The period of 1840 (when the Opium War broken out) till now is commonly regarded as China’s modern era, ‘modern’ in terms of China’s departure from its original growth and developmental path. In this context, the term modern has been intimately associated with something alien to the...
Persistent link: https://www.econbiz.de/10005870888
Growth accounting consists of a set of calculations resulting in a measure ofoutput growth, a measure of input growth, and their difference, most commonlyreferred to as total factor productivity (TFP) growth. It can be performed atthe level of the plant, firm, industry, or aggregate economy.[...]
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is linear andadjustment costs are quadratic. The analysis is developed for when external trade is impossibleand when it …
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Wachstum und das politisch-militärische bzw. geostrategische Agieren der Regionalen Führungsmächte zunehmend herausgefordert … verhältnismäßig großer Bevölkerung und Landfläche beschrieben werden, die eine dominante Rolle im Handel der Region und der regionalen … and land area which plays a dominant role in trade within the region and in the regional governance. The regional power …
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[...]We conclude that technological change, combinedwith overall growth in the capital stock, is the most importantfactor driving the growing wage inequality betweenlow-skilled and high-skilled workers. Increased competitionfrom abroad, both from developing and industrializedcountries, appears...
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whole surplus, leaving the peasants immiserated. Trade was sterile in that it was state inspired, and required to meet the …
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