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We study the origins of labor productivity growth and its differences across sectors. In our model, sectors employ workers of different occupations and various forms of capital, none of which are perfect substitutes, and technology evolves at the sector-factor cell level. Using the model we...
Persistent link: https://www.econbiz.de/10011989980
In recent years, there has been a controversial debate on how the rapid diffusion of digital technologies affects labour productivity in advanced economies. Using a multi-sector dynamic general equilibrium model, we show that cumulative labour productivity growth in the United States, Germany...
Persistent link: https://www.econbiz.de/10014632342
Over the last few decades, countries have experienced quite different patterns of productivity growth. In this paper, we emphasize the role of country level demographics in explaining these differences. In particular, looking over the period 1960-2002, we show that cross-country data support the...
Persistent link: https://www.econbiz.de/10014065922
We analyse how spatial disparities in innovation activities, coupled with migration costs, affect economic geography …
Persistent link: https://www.econbiz.de/10011810111
We study the gains from trade in an economy with oligopolistic competition, firm heterogeneity, and innovation …. In addition to markups, selection and innovation provide additional channels through which the trade-induced effect on … channels; we find that innovation plays a small but non-negligible role, while the main component is equally split between the …
Persistent link: https://www.econbiz.de/10011750054
We study the gains from trade in a model with oligopolistic competition, heterogeneous firms and innovation, and … concentration contributes substantially to the gains from trade, mostly via its stimulating effect on innovation. Sizeable gains …
Persistent link: https://www.econbiz.de/10012507344
-doing and organizational forgetting in R&D on firms' incentives to innovate. I develop a dynamic step by step innovation model … allows followers to catch up. Contrary to the benchmark case, the leader's innovation effort declines with the lead. This …
Persistent link: https://www.econbiz.de/10010294674
intricate reverse engineering are. Unlike similar step-by-step innovation models of economic growth, the model assumes Cournot …
Persistent link: https://www.econbiz.de/10010294690
learningbydoing and organizational forgetting in R&D on firms' incentives to innovate. A dynamic step-by-step innovation model with … allows followers to catch up. Contrary to the benchmark case the leader's innovation effort declines with the lead. This …
Persistent link: https://www.econbiz.de/10010300837
This paper analyzes the effects of new business formation on industry growth. Dynamic panel techniques are used to test two hypotheses. First, does hit-andrun competition secure efficiency in an industry? Second, do innovative startups lead to amplified innovations by diminishing the knowledge...
Persistent link: https://www.econbiz.de/10010307881