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The Perils of the Learning Model For Modeling Endogenous Technological Change

Nordhaus, William D. - National Bureau of Economic Research (NBER) - 2009

Learning or experience curves are widely used to estimate cost functions in manufacturing modeling. They have recently been introduced in policy models of energy and global warming economics to make the process of technological change endogenous. It is not widely appreciated that this is a...

Persistent link: https://www.econbiz.de/10005714033

New Data and Output Concepts for Understanding Productivity Trends

Nordhaus, William D. - National Bureau of Economic Research (NBER) - 2001

The present study is the second is a series of three papers devoted to issues in the measurement of productivity and productivity growth. The contributions of the present paper are three. First, it introduces a new approach to measuring industrial productivity based on income-side data that are...

Persistent link: https://www.econbiz.de/10005718324

Alternative Methods for Measuring Productivity Growth

Nordhaus, William D. - National Bureau of Economic Research (NBER) - 2001

The present study is a contribution to the theory of the measurement of productivity growth. First, it examines the welfare-theoretic basis for measuring productivity growth and shows that the ideal welfare-theoretic measure is a chain index of productivity growth rates of different sectors...

Persistent link: https://www.econbiz.de/10005829915

Productivity Growth and the New Economy

Nordhaus, William D. - National Bureau of Economic Research (NBER) - 2001

The present study is the third in a series of three papers devoted to issues in the measurement of productivity and productivity growth. The major findings are as follows. First, this study shows that the new data set used here, which develops data on total output, business sector output, and...

Persistent link: https://www.econbiz.de/10005088749

Baumol's Diseases: A Macroeconomic Perspective

Nordhaus, William D. - National Bureau of Economic Research (NBER) - 2006

William Baumol and his co-authors have analyzed the impact of differential productivity growth on the health of different sectors and on the overall economy. They argued that technologically stagnant sectors experience above average cost and price increases, take a rising share of national...

Persistent link: https://www.econbiz.de/10005049915

Finance, Firm Size, and Growth

Demirguc-Kunt, Asli; Laeven, Luc; Levine, Ross; Beck, … - National Bureau of Economic Research (NBER) - 2004

This paper examines whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms through which financial development fosters aggregate economic growth. We define an industry's technological firm size as the firm size...

Persistent link: https://www.econbiz.de/10005084876

SMEs, Growth, and Poverty

Demirguc-Kunt, Asli; Levine, Ross; Beck, Thorsten - National Bureau of Economic Research (NBER) - 2005

This paper explores the relationship between the relative size of the Small and Medium Enterprise (SME) sector, economic growth, and poverty alleviation using a new database on the share of SME labor in the total manufacturing labor force. Using a sample of 45 countries, we find a strong,...

Persistent link: https://www.econbiz.de/10005830798

Financial Innovation and Endogenous Growth

Laeven, Luc; Levine, Ross; Michalopoulos, Stelios - National Bureau of Economic Research (NBER) - 2009

Is financial innovation necessary for sustaining economic growth? To address this question, we build a Schumpeterian … innovation: they can invent better methods for screening entrepreneurs. Second, every screening process becomes less effective as … technology advances. The model predicts that technological innovation and economic growth eventually stop unless financiers …

Persistent link: https://www.econbiz.de/10005089132

Tropics, Germs, and Crops: How Endowments Influence Economic Development

Easterly, William; Levine, Ross - National Bureau of Economic Research (NBER) - 2002

Does economic development depend on geographic endowments like temperate instead of tropical location, the ecological conditions shaping diseases, or an environment good for grains or certain cash crops? Or do these endowments of tropics, germs, and crops affect economic development only through...

Persistent link: https://www.econbiz.de/10005049894

The European Origins of Economic Development

Easterly, William; Levine, Ross - National Bureau of Economic Research (NBER) - 2012

Although a large literature argues that European settlement outside of Europe shaped institutional, educational, technological, cultural, and economic outcomes, researchers have been unable to directly assess these predictions because of an absence of data on colonial European settlement. In...

Persistent link: https://www.econbiz.de/10010821800