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A marked acceleration of total factor productivity (TFP) growth in U.S. manufacturing followed World War I. This development contributed substantially to the absolute and relative rise of the domestic economy's aggregate TFP residual, which is observed when the "growth accounts" for the first...
Persistent link: https://www.econbiz.de/10005730407
The phenomenon of recurring prolonged swings in the total factor productivity (TFP) growth rate is approached in this paper by examining a particular episode in earlier twentieth century economic history. A marked acceleration of productivity growth in U.S. manufacturing occurred after World War...
Persistent link: https://www.econbiz.de/10005549208
This essay examines the economics of patronage and the roles of asymmetric information and reputation in the early modern reorganization of scientific activities, specifically their influence upon the historical formation of key elements in the ethos and organizational structure of publicly...
Persistent link: https://www.econbiz.de/10005549211
Persistent link: https://www.econbiz.de/10005730389
This paper details the statistical sources, methods and findings that underpin the demographic evidence offered by Johansson (2010) in support of her thesis regarding “Europe’s first knowledge-driven mortality transition,” namely the pronounced and sustained rise in the expectations of...
Persistent link: https://www.econbiz.de/10008564631
I argue that the economy of the early Roman Empire was primarily a market economy. The parts of this economy located far from each other were not tied together as tightly as markets often are today, but they still functioned as part of a comprehensive Mediterranean market. This conclusion is...
Persistent link: https://www.econbiz.de/10005687584