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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
If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of economic development" in a very original way and having formulated his theory in a specific language. He managed to identify the "carrier" of development focusing on the systematic...
Persistent link: https://www.econbiz.de/10003935473
highlights the interplay between productivity, talents utilization and entrepreneurship incentives. The paper has two main … differences in productivity and contributes to the explanation of large observed international differences in per capita income …
Persistent link: https://www.econbiz.de/10014054342
&D attribution, the nature and length of the lags between research spending and its impacts on productivity, and various dimensions …
Persistent link: https://www.econbiz.de/10014025149
The study of innovation and technological change is an increasing field of economic enquire because innovation can be considered a major engine of growth. This paper is concerned with the determinants of innovation and technological change. Different theoretical approaches present in the...
Persistent link: https://www.econbiz.de/10014072458
Persistent link: https://www.econbiz.de/10002080297
The study of innovation and technological change is an increasing field of economic enquire because innovation can be considered a major engine of growth. This paper is concerned with the determinants of innovation and technological change. Different theoretical approaches present in the...
Persistent link: https://www.econbiz.de/10011600332
In a world where poor countries provide weak protection for intellectual property rights, market integration shifts technical change in favor of rich nations. Through this channel, free trade may amplify international income differences. At the same time, integration with countries where...
Persistent link: https://www.econbiz.de/10012729668