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technologies have so far delivered little productivity gains in Europe. In the second half of the past decade, growth contributions … United States, this has not generally been associated to higher labour or total factor productivity growth rates, the only … and Spain) showed stagnating or mildly declining growth contributions from ICT capital, together with definite declines in …
Persistent link: https://www.econbiz.de/10010279279
in 'growth drivers' which can account for differences in supply-side performance, especially in periods in which major …
Persistent link: https://www.econbiz.de/10012100027
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
in 'growth drivers' which can account for differences in supply-side performance, especially in periods in which major …
Persistent link: https://www.econbiz.de/10009649627
Do legal institutions governing financial contracts affect the nature of real investments in the economy? We develop a simple model and provide evidence that the answer to this question is yes. We consider a levered firm's choice of investment between innovative and conservative technologies, on...
Persistent link: https://www.econbiz.de/10005136739
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/10008680898
This research advances the hypothesis that natural land productivity in the past, and its effect on the desirable level of cooperation in the agricultural sector, had a persistent effect on the evolution of social capital, the process of industrialization and comparative economic development...
Persistent link: https://www.econbiz.de/10011111722
hypothesis of growth transitions. The results show that the first phase of India’s faster-growing regime during 1980-2002 was … significant amount of untapped long-run growth potential. Consistent with the prediction of the model, the growth surge … experienced during 2003-2007 reflects the capital accumulation-driven part of the growth transition. Despite the turbulent years …
Persistent link: https://www.econbiz.de/10010842589
capacity'). In this paper we document that there has been convergence of TFP within a panel of industries across thirteen OECD … productivity growth. …
Persistent link: https://www.econbiz.de/10010330318
capacity'). In this paper we document that there has been convergence of TFP within a panel of industries across thirteen OECD … productivity growth. …
Persistent link: https://www.econbiz.de/10011537553