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Goldin and Katz's The Race between Education and Technology is a monumental achievement that supplies a unified …
Persistent link: https://www.econbiz.de/10009488819
In several articles published in the 1990s, de Long and Summers argued that investment in producer durables had a high propensity to generate externalities in using industries, resulting in a systematic and substantial divergence between its social and private return. They maintained, moreover,...
Persistent link: https://www.econbiz.de/10012766620
technology transfer, where firms in a developed country (the U.S.) transfer technology to the competitors in a developing country … (Japan) if it is profitable to do so and where the technology transfer is the engine of economic growth. In this model, among … the developed country transferred technology to the firms in the developing country, resulting in rapid growth. However …
Persistent link: https://www.econbiz.de/10008935745
A consideration of TFP growth in the United States during the golden age (1948-73) raises two related questions: on the one hand why was it so strong and on the other hand, why were TFP growth rates lower than they were during the Depression years (1929-41)? A continuing downward trend in TFP...
Persistent link: https://www.econbiz.de/10014047773
This paper assesses the importance for structural transformation of three features of sectoral technology: labor …
Persistent link: https://www.econbiz.de/10009670719
We use census data to show that structural transformation reflects a fundamental reallocation of labor from goods to services, instead of a relabelling that occurs when goods-producing firms outsource their in-house service production. The novelty of our approach is that it categorizes labor by...
Persistent link: https://www.econbiz.de/10013211114
Verdoorn's law refers to a statistical relationship between the long-run growth rate of labour productivity and the growth rate of output, usually for the manufacturing sector. Since the sixties this relationship has been examined in a large number of studies using a wide variety of data sets...
Persistent link: https://www.econbiz.de/10009569714
technology adoption that incorporates such a network and estimate it using a complete dataset of Python packages. Estimation …
Persistent link: https://www.econbiz.de/10012137084
This paper addresses, both theoretically and empirically, the sectoral patterns of job creation and job destruction in order to distinguish the alternative effects of embodied vs disembodied technological change operating into a vertically connected economy. Disembodied technological change...
Persistent link: https://www.econbiz.de/10012019248
This paper addresses, both theoretically and empirically, the sectoral patterns of job creation and job destruction in order to distinguish the alternative effects of embodied vs disembodied technological change operating into a vertically connected economy. Disembodied technological change...
Persistent link: https://www.econbiz.de/10012022748