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/Normal” distribution, depending on the underlying elasticity of substitution between technology components. We find the tail of the “CES …
Persistent link: https://www.econbiz.de/10013003906
Aggregate productivity and aggregate technology are meaningful but distinct concepts. We show that a slightly modified … Solow productivity residual measures changes in economic welfare, even when productivity and technology differ because of …-technological gaps between productivity and technology, gaps reflecting imperfections and frictions in output and factor markets …
Persistent link: https://www.econbiz.de/10014029783
The goal of this paper is to investigate the impact of technology investments on production efficiency in manufacturing … companies and how different these relationships are for low-technology and high-technology companies. The empirical part was … in labour intensity in low technology enterprises. The technological investments have a positive impact on labour …
Persistent link: https://www.econbiz.de/10012505608
technology in a panel of 19 sub -Saharan African countries between 1960 and 2003. Our findings indicate different roles played by … technology(the main source of productivity growth in sub-Saharan Africa) whilst tertiary school attainment (skilled labour) plays … adoption of technology and innovation. Technological “catch-up” remains a significant element in productivity growth in sub …
Persistent link: https://www.econbiz.de/10013126972
economies are utilizing advances in technology. However, this measure is problematic on several different dimensions. First, the … idea that it is possible to separate out the relative contribution to economic output of labor, capital, and technology …
Persistent link: https://www.econbiz.de/10013308753
The economic crisis in the early 1990s prompted action on reforming the Swedish welfare state and its institutions, including deregulation of a wide range of product markets. In that way, Sweden took early action compared to other OECD countries currently struggling with how to make public...
Persistent link: https://www.econbiz.de/10012444481
Whether the People's Republic of China's (PRC) economic slowdown since the 2008 financial crisis is a cyclical downturn or a long-run trend has important policy implications. Based on provincial panel data, this article identifies the determinants of productivity and uses counter-factual...
Persistent link: https://www.econbiz.de/10011585962
equipment for the capital stock. However, our main contribution is to assess the role of technology diffusion to TFP growth … by quality-adjusted factors, although education and technology diffusion contribute to explain the US earlier wave in the … 1930s-1940s. Finally, technology diffusion, as captured through our two general purpose technologies, leaves between 0 …
Persistent link: https://www.econbiz.de/10012995253
The productivity slowdown of the early 1970s continues to puzzle economists. A frequent explanation of this puzzle is that mismeasurement of output has worsened enough to help account for the apparent shortfall of output growth. Griliches (1994) highlighted one channel through which this...
Persistent link: https://www.econbiz.de/10014063069
Markups vary systematically across firms and are an important cause of productivity dispersion. However, whether markup dispersion represents mis-allocation depends on sources driving the dispersion. This paper provides evidence on the role of demand-side factors in shaping the dispersion of...
Persistent link: https://www.econbiz.de/10012824057