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Why did European productivity growth slow down while American growth accelerated since the 1990s? In this article we … Economic Growth in Europe. We argue that Europe’s falling behind is the combined result of a severe productivity slowdown in …
Persistent link: https://www.econbiz.de/10010833346
Recent research has emphasised the role of trade in productivity growth. The purpose of the present paper is to … imports and productivity growth. We focus on the European Union and find intra-union imports to have more of an effect on … total factor productivity growth than imports from the outside of the EU, even if only developed nonmember countries are …
Persistent link: https://www.econbiz.de/10010840746
In the years since the Great Recession, many observers have highlighted the slow pace of productivity growth around the … the mid-1990s. We provide VAR and panel-data evidence that changes in real interest rates have influenced productivity … have triggered unfavorable resource reallocations that were large enough to reduce the level of total factor productivity …
Persistent link: https://www.econbiz.de/10012995508
performance of entire economies: 1) a productivity effect through the ICT-producing sector, 2) an investment effect from ICT …-using industries through capital deepening, and 3) a productivity effect from an efficiency rise through the use of ICT which goes … beyond the direct capital deepening effect. The study finds that the slowing of the total factor productivity growth rate in …
Persistent link: https://www.econbiz.de/10012982248
The goal of this paper is to determine the impact of transition on the total factor productivity (TFP) in Croatia …
Persistent link: https://www.econbiz.de/10012965089
R&D output to capture the contribution of R&D (direct and spilled-over) to regional productivity at the industry level …. The results suggest that interregional knowledge spillovers and their productivity effects are to a substantial degree …) produce interregional knowledge spillovers that have positive and highly significant productivity effects. The study, moreover …
Persistent link: https://www.econbiz.de/10014205704
Review of Stephen Broadberry, Market Services and the Productivity Race 1850-2000: British Performance in International …
Persistent link: https://www.econbiz.de/10014218445
This paper presents new estimates of total factor productivity growth in Britain for the period 1770-1860. We use a … sources, that productivity growth during the British Industrial Revolution was relatively slow. During the years 1770 …-1800, TFP growth was close to zero, according to our estimates. The period 1800-1830 experienced an acceleration of productivity …
Persistent link: https://www.econbiz.de/10014143972
communication technology (ICT) in explaining productivity growth in the United Kingdom, 1970-2000. The dataset is for 34 industries … accounted for 13% of productivity growth in the market sector in 1970-79 (ie 0.47 percentage points out of 3.62% per annum … productivity (TFP) growth slowed down in 1995-2000, but we find econometric evidence that a boom in 'complementary investment', ie …
Persistent link: https://www.econbiz.de/10014061914
We use a new industry-level dataset to quantify the role of ICT in explaining productivity growth in the UK, 1970 … productivity growth in the market sector. Econometric evidence also supports an important role for ICT. We also find econometric …
Persistent link: https://www.econbiz.de/10005796123