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This paper addresses the empirical relationship between the level of competition and the rate of productivity growth … level of competition for each sector that is defined by the mark-up that maximizes the growth rate of labor productivity …. The information technologies Sectors have the highest mark-ups for maximizing productivity growth. The persistence of …
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Over the coming century, computer technology is likely to become capable of reproducing a large portion of the tasks performed by human labor. This paper develops a model of the aggregate economic growth that results when work tasks are transferred from humans to physical capital. The model...
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, process and organizational innovation), which ultimately feeds into a productivity equation. We find that ICT investment and …We propose a model where both R&D and ICT investment feed into a system of three innovation output equations (product … product innovation in manufacturing. The strongest productivity effects are derived from organizational innovation. We find …
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