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I add intangible capital to a variant of the neoclassical growth model and study the implications for cross-country income differences. I calibrate the parameters associated with intangible capital by using new estimates of investment in intangibles by Corrado et al. (2006). When intangible...
Persistent link: https://www.econbiz.de/10014222762
Technology is a key element for long-term growth and economic development. Given the stark concentration of innovation activities in a few countries most countries have to rely on the international diffusion of newly developed technologies. Some countries may fail to successfully perform the...
Persistent link: https://www.econbiz.de/10011374310
Since the mid-1990s, Italy's economic growth faltered, primarily due to sluggish productivity growth. This article … growth-enhancing reforms in these areas. The simulations show that structural reforms could boost productivity and GDP growth …
Persistent link: https://www.econbiz.de/10012868091
factor productivity. We analyze panel data that measure the severity of brain drain, which are from IMD and the U.S. National … productivity growth. This can be considered as evidence of the positive effects of 'brain circulation', which is one of the brain … drain phenomena that settlement of the talents in advanced countries can eventually help improve the productivity of home …
Persistent link: https://www.econbiz.de/10013174011
We modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the "MIT 2.0") and discuss the implications for developing Asia. In particular, we analyze the impacts of...
Persistent link: https://www.econbiz.de/10012206273
Existing studies identify two major underlying mechanisms behind East and Southeast Asia’s miraculous economic performance in the past 5 decades: accumulation and technological catching-up. This study investigates empirically the relative importance of these two mechanisms in Asian development...
Persistent link: https://www.econbiz.de/10013328193
of production and correlations with technical changes are measured by Total Factor Productivity as an expression of … Technical Efficiency to assess Total Factor Productivity …
Persistent link: https://www.econbiz.de/10013110272
Persistent link: https://www.econbiz.de/10009666505
both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew …
Persistent link: https://www.econbiz.de/10010425622
This paper contributes to the literature on economic growth by seeking to join several lines of research on structural factors in a more fully specified framework, on the one hand, and by making this more inclusive supply side to interact with demand factors in a model of export-led growth, on...
Persistent link: https://www.econbiz.de/10013045124