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Over the coming century, computer technology is likely to become capable of reproducing many of the skills now … capable of performing human work skills. The basic model, with a single sector and homogeneous labor, projects output growth … rates over the next few decades that are substantially above historical growth rates in industrialized countries, assuming …
Persistent link: https://www.econbiz.de/10009441014
's investments drive earnings growth and, hence, market value of equity. Technologies develop and flourish or die out through the … to spread (or diffuse) the innovations into wider use. Hence, technology is important for the investment decisions of all … success rate of past technological investments, technology complexity, and the technology development period. We use the …
Persistent link: https://www.econbiz.de/10009448869
development of national productivity. As technology is also embodied in human capital, the paper empirically investigates the … that international labour movement transfer technology across borders in both directions: from donor countries to host … country’s capacity to learn from a foreign technology base, and that small countries tend to benefit more from foreign R …
Persistent link: https://www.econbiz.de/10009448802
This research investigates the impact of trade openness and foreign direct investment (FDI) on economic growth. Using a … also finds evidence that FDI has significant effects on economic growth. While international trade does not significantly … influence economic growth, human capital does. The presence of a democratic government also brings positive effects to growth in …
Persistent link: https://www.econbiz.de/10009450246
This paper focuses on the decomposition of observed increases in UK wage inequality since 1979 into the component factors of competition from low-wage imports and technological change. Building on recent work by Abrego and Whalley, it argues that the length of production run and degree of .xity...
Persistent link: https://www.econbiz.de/10009461192
, when this may not be the case. Incorrect conclusions as to how trade surges and technology contribute to wage inequality … into the component factors of trade surges in low wage products and technological change that has preoccupied the trade and …. In particular, if the observed wage inequality response to price and technology shocks reflects a short-run response in …
Persistent link: https://www.econbiz.de/10009447278
participants to do business through information and communication technology (ICT) tools and systems is dependent on the innovation … of the user, not only the technology itself – i.e. the successful implementation of ICT requires careful consideration to …
Persistent link: https://www.econbiz.de/10009437525
growth regressions including technological change and a proxy for trade specialization. Our results indicate that contrary to … country's trade specialization pattern has no impact on its economic performance. In this paper, we seek to cast doubt on this … aspect of mainstream economics using a very traditional approach. We introduce a simple endogenous growth model that shows …
Persistent link: https://www.econbiz.de/10009448494
This dissertation explores different perspectives on the growth trajectory of companies spun off from publicly funded …-order interaction terms, indicate that different combinations of factors lead to company sales growth in the two national contexts …
Persistent link: https://www.econbiz.de/10009429041
Do openness and human capital accumulation promote economic growth? While intuition argues yes, the existing empirical … production technology. Then we estimate the total factor productivity series for each classification. Using determinants of total … particular, a policy of outward orientation may or may not promote growth in specific country groups. even if geared to reducing …
Persistent link: https://www.econbiz.de/10009429948