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(ICT)? We analyze this question based on a growth accounting approach at the level of final output. This approach traces … better products have become available to final users, in particular consumers, as a result of the diffusion of ICT. A main … result is that more than half of the productivity gains related to ICT capital deepening for manufactured goods are …
Persistent link: https://www.econbiz.de/10012146981
(ICT)? We analyze this question based on a growth accounting approach at the level of final output. This approach traces … better products have become available to final users, in particular consumers, as a result of the diffusion of ICT. A main … result is that more than half of the productivity gains related to ICT capital deepening for manufactured goods are …
Persistent link: https://www.econbiz.de/10012146257
The strength of product market competition plays an important role in economic growth as it affects economic efficiency and the allocation of resources, and can also lead to improved labour market performance. This paper examines product market competition and economic performance in the...
Persistent link: https://www.econbiz.de/10005045597
Empirical relationships between the rates of growth and total factor productivity growth, physical input accumulation, as well as institutional and agro-ecological change is evaluated using an international panel data set on 26 African countries and covering the period 1970-2000. The analysis...
Persistent link: https://www.econbiz.de/10005836276
In this paper we investigate the impact transition had on the total factor productivity in Croatia. The analyzed data cover the period from 1952 to 2008. Our sample is interesting for several reasons. It includes first estimates of physical capital for Croatia in the pretransition period. In...
Persistent link: https://www.econbiz.de/10011006964
The review uses insights from the Solow growth model and endogenous growth theory to interpret Philippine economic growth since the 1950s. For five decades after World War II, total factor productivity growth (TFP) was low, thereby accounting for the country’s uneven growth performance. In the...
Persistent link: https://www.econbiz.de/10008677428
While developing Asia has recovered strongly from the global crisis, the region faces the medium- and long-term challenge of sustaining growth beyond the crisis. The central objective of this paper is to empirically investigate the sources of economic growth in 12 developing Asian economies...
Persistent link: https://www.econbiz.de/10009245397
Using a growth accounting framework, we find that developing Asia grew rapidly over the past 3 decades mainly due to robust growth in capital accumulation. The contributions of education and total factor productivity in the region’s past economic growth remain relatively limited. Our baseline...
Persistent link: https://www.econbiz.de/10009245407
The ICT-based techno-economic paradigm shift was sharpened by income inequalities in all over the world. The economic …
Persistent link: https://www.econbiz.de/10010732552
The standard neoclassical growth accounting (parametric) framework serves to explain only a minor part of labour productivity growth and its cross-country differences, thus implying an important role (as yet unexplained) for the Solow Residual or the Total Factor Productivity (TFP). However, the...
Persistent link: https://www.econbiz.de/10011108972