Showing 1 - 10 of 38,625
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10014025596
In this paper, we aim to bring the debate on the global productivity slowdown – which has largely been conducted from a … macroeconomic perspective – to a more micro-level. We show that a particularly striking feature of the productivity slowdown is not … so much a lower productivity growth at the global frontier, but rather rising labour productivity at the global frontier …
Persistent link: https://www.econbiz.de/10011610943
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10010869049
productivity growth. …
Persistent link: https://www.econbiz.de/10005666847
Interactions between economic development and financial development are studied by looking at the roles of financial institutions in selecting R&D projects (including both imitation and innovation). Financial development is regarded as the evolution of the financing regimes. The effectiveness of...
Persistent link: https://www.econbiz.de/10005124401
The aim of this paper is to investigate the relationship between R&D expenditure and investment in machinery and equipment in order to test for causality. New growth theory emphasises the role of R&D in creating blueprints needed to produce new capital goods implicitly assuming causality running...
Persistent link: https://www.econbiz.de/10009205323
Swiss GDP per capita stands amongst the top OECD performers. However, to face medium-term challenges productivity … productivity growth underperforming peer countries. Based on macroeconomic analysis and supported by firm-level data, results point … environment is a crucial element driving productivity and could explain some of the differences across cantons. It is also an …
Persistent link: https://www.econbiz.de/10011823650
-based co-integration techniques to identify the factors that drive long run productivity growth. The results suggest that both … domestic technology capability building and foreign technology spillovers are important forces in determining India's long run …
Persistent link: https://www.econbiz.de/10010743786
This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run …
Persistent link: https://www.econbiz.de/10005045849
accompanying revival of productivity growth, directly contributed both to faster output growth and to holding down the inflation … the United States, they did not prevent the US from experiencing a dismal period of slow productivity growth between 1972 … and 1995 nor from falling behind in numerous industries outside the IT sector. The 1995-2000 productivity growth revival …
Persistent link: https://www.econbiz.de/10005666412