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Tracing productivity growth channels in the UK

Garcia-Macia, Daniel; Korosteleva, Julia - 2021

traces the sources of TFP growth in the UK over the last two decades through the lens of a structural model of innovation …, using registry data on the universe of firms. The dominant innovation source in the pre-GFC decade were improvements by … recovery, survey data suggests that creative destruction (i.e., innovation replacing other firms' products) is expected to gain …

Persistent link: https://www.econbiz.de/10012795165

Innovate to lead or innovate to prevail : when do monopolistic rents induce growth?

Piazza, Roberto; Zheng, Yu - 2019

This paper extends the Schumpeterian model of creative destruction by allowing followers' cost of innovation to …

Persistent link: https://www.econbiz.de/10012155163

Institutions, innovations, and Growth

Xu, Chenggang - 1999

The fundamental importance of economic institutions for economic growth through their impact on technological change has been argued, reconfirmed by recent empirical studies, but not examined theoretically. This paper tries to fill that gap. In the model proposed, economic growth is affected by...

Persistent link: https://www.econbiz.de/10014403467

Wages, Profitability, and Growth in a Small Open Economy

Chadha, Bankim - 1990

This paper examines issues raised by the evolution of a rapidly growing small open economy—Singapore—from a labor-intensive, low-technology production base to a capital-intensive, high-technology, knowledge-and-skill-intensive emphasis as it approached the limits of its resource constraints...

Persistent link: https://www.econbiz.de/10014396069

Capital Income Taxation and Economic Growth in Open Economies

Palomba, Geremia - 2004

Do reductions in capital income taxes attract foreign capital and, at the same time, foster economic growth? This paper examines the effect of capital income taxation on the international allocation of capital and on economic growth in a two-country overlapping generations model with endogenous...

Persistent link: https://www.econbiz.de/10014400702

Factor Reallocation and Growth in Developing Countries

Poirson, Hélène - 2000

This paper examines the extent to which developing countries benefit from intersectoral factor transfers by specifying the impact and determinants of sectoral changes and of the degree of dualism (or allocation inefficiency) in a dual economy model. Conditions under which factor reallocation is...

Persistent link: https://www.econbiz.de/10014399960

The Endogenous Skill Bias of Technical Change and Inequality in Developing Countries

Behar, Alberto - 2013

This paper draws on existing empirical literature and an original theoretical model to argue that globalization and skill supply affect the extent to which technology adoption in developing countries favors skilled workers. Developing countries are experiencing technical change that is...

Persistent link: https://www.econbiz.de/10014395381

Technological Change, Relative Wages, and Unemployment

Aizenman, Joshua - 1994

This paper examines the effect of skill-biased technological change on the structure of wages, the composition of …

Persistent link: https://www.econbiz.de/10014397189

Technological Adaptation, Trade, and Growth

Chong, Alberto - 2000

This paper extends Grossman and Helpman’s seminal work (1991), and presents an endogenous growth model where innovations created in a high-tech sector may be assimilated or adapted by a low-tech sector. Applying a simple Heckscher-Ohlin framework, the effects of technological diffusion are...

Persistent link: https://www.econbiz.de/10014403519

Credit Markets with Differences in Abilities : Education, Distribution, and Growth

De Gregorio, Jose - 1994

This paper addresses the growth, welfare, and distributional effects of credit markets. We construct a general equilibrium model where human capital is the engine of growth and individuals differ in their education abilities. We argue that the existence of credit markets encourages...

Persistent link: https://www.econbiz.de/10014396004