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In the 1990s, measured productivity growth decelerated dramatically in Japan. However, the standard Solow residuals may … important role in lowering measured productivity growth relative to true technology growth. Our results thus cast doubt on the … explanation of Japans "lost decade" that attributes the prolonged slump to the observed productivity slowdown. …
Persistent link: https://www.econbiz.de/10008472600
the decline in manufacturing employment is associated mainly with rising labour productivity in manufacturing …
Persistent link: https://www.econbiz.de/10010330122
How can a country improve the productivity growth in its business sector and reach its growth potential? Sweden during …
Persistent link: https://www.econbiz.de/10012018318
In this paper, we argue that fundamental reforms of the Swedish business sector can explain the remarkable productivity … firms substantially contributed to productivity and employment growth during this period, which suggests that the …
Persistent link: https://www.econbiz.de/10011442470
prioritize enhancing innovation and imitation success over cost reduction to boost productivity growth. … examines reasons for this divergence and its impact on productivity growth. Our micro-data reveal R&D concentration among high-productivity … firms in Switzerland. Innovation support sustains firms' R&D activities in both countries. Our structural growth model …
Persistent link: https://www.econbiz.de/10014535654
prioritize enhancing innovation and imitation success over cost reduction to boost productivity growth. … examines reasons for this divergence and its impact on productivity growth. Our micro-data reveal R&D concentration among high-productivity … firms in Switzerland. Innovation support sustains firms' R&D activities in both countries. Our structural growth model …
Persistent link: https://www.econbiz.de/10014446430
implications of individual income tax reforms for innovation and aggregate productivity growth. In the model, innovation comes from …We formulate and estimate a general equilibrium model of innovation-led growth and use it to evaluate the quantitative … well for the observed movements in TFP, labor productivity, hours worked and number of firms per capita during the “Reagan …
Persistent link: https://www.econbiz.de/10012125535
We provide industry-level estimates of the elasticity of substitution (?) between capital and labor in the US economy. We also estimate rates of factor-augmentation. Aggregate estimates are produced using the same data. Our empirical model comes from the first-order conditions associated with a...
Persistent link: https://www.econbiz.de/10008550329
-on empirical work, Bloom, Jones, Van Reenen and Webb (2020) document declining research productivity across a number of domains …, and interpret the decline as fishing out. However, it's possible productivity has declined for other reasons, e.g., that …
Persistent link: https://www.econbiz.de/10012824731
We analyze the effect of ICT and R&D on total factor productivity (TFP) growth across different industries in Sweden. R …
Persistent link: https://www.econbiz.de/10011442496