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income trap" as China exhausts the benefits of international technology transfer. IKC is productivity-enhancing among Chinese …
Persistent link: https://www.econbiz.de/10010224593
This chapter reviews the literature that tries to explain the disparity and variation of GDP per worker and GDP per capita across countries and across time. There are many potential explanations for the different patterns of development across countries, including differences in luck, raw...
Persistent link: https://www.econbiz.de/10014024240
The benefits from the New Economy should accrue as improvements in productivity and economic growth. But while the use … apparent ‘productivity paradox’. The most obvious one is the fact that not many countries, other than the US, have yet invested …
Persistent link: https://www.econbiz.de/10010279209
This paper surveys the experience of economic growth in the 20th century with a focus on technological change at the frontier together with issues related to success and failure in catch-up growth. A detailed account of growth performance based on historical national accounts data is given and...
Persistent link: https://www.econbiz.de/10014025605
role of total factor productivity (TFP) gaps as opposed to factor accumulation. Nevertheless, it is a widely held belief … direct contribution of factors of production. -- Development accounting ; total factor productivity ; technology …
Persistent link: https://www.econbiz.de/10009579408
Within the fundamental determinants of cross-country income inequality, ‘humanly devised' political institutions represent a hallmark factor that societies can influence, as opposed to, for example, geography. Focusing on the portion of inequality explainable by differences in political...
Persistent link: https://www.econbiz.de/10012962120
Persistent link: https://www.econbiz.de/10013435934
This paper accounts for China's economic growth since 1980 in a unified endogenous growth model in which a sequencing of physical capital accumulation, human capital accumulation and innovation drives the rise in China's aggregate income. The first stage is characterized by physical capital...
Persistent link: https://www.econbiz.de/10013104873
accounting approach shows that the main drivers of labor productivity growth over the whole 1960-2019 period appear to be TFP …, although we do not estimate its effect on TFP. The contribution of robots to productivity growth through the two channels … ‘others’ in the capital deepening and the TFP productivity channels …
Persistent link: https://www.econbiz.de/10014092664
productivity is both an input of the growth process, influencing macroeconomic dynamics, and a consequence of growth, because …-Keynesian cumulative growth model driven by the dynamic interaction between the demand regime and the productivity regime. The model … specifies the role of labour productivity and unit labour costs in the macroeconomic and technological dynamics. The results …
Persistent link: https://www.econbiz.de/10012930486