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For the mid to late 1990s and early 2000s, the basic neoclassical growth theory predicts a steady Japanese economy, when in fact the Japanese economy was depressed. This study applies the new theory with intangible investment and non-neutral technology proposed by McGrattan & Prescott (2010) to...
Persistent link: https://www.econbiz.de/10012950924
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
Productivity growth is the main driver of living standards. But productivity has slowed down over the past decade … firms. Finally, it explores policy reforms that can help revive the diffusion machine and strengthen productivity growth …
Persistent link: https://www.econbiz.de/10012982249
This paper deals with the role of ICTs in the recent productivity slowdown, and with their possible future impact on … productivity in developed countries: the United States (US), the Euro Area (EA), the United Kingdom (UK) and Japan. Few papers … analyze the recent slowdown of the ICT contribution to productivity growth, and these papers, which concern only the US …
Persistent link: https://www.econbiz.de/10012982250
current low productivity and GDP growth in advanced countries. Our projection tool allows for the modelling of technology …
Persistent link: https://www.econbiz.de/10012964845
This paper models and estimates total factor productivity (TFP) growth parametrically. The model is a generalization of …
Persistent link: https://www.econbiz.de/10012966058
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10014184424
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
This paper adopts a fixed-effect panel methodology that enables us to take into account both TFP and neoclassical convergence. We use a sample of 76 countries, 1960-2003 and estimate TFP values obtained by using different estimators such as LSDV, Kiviet-corrected LSDV, and GMM a la Arellano and...
Persistent link: https://www.econbiz.de/10014215230
This paper investigates labor productivity growth and the contribution to labor productivity growth in Swedish … productivity growth and the overall contribution to labor productivity growth was considerably higher in technology … adopters of electric motors and ICT, on average would have contributed more to productivity growth in Swedish manufacturing …
Persistent link: https://www.econbiz.de/10014224545