Similar Search Results

Burda, Michael C.; Severgnini, Battista - 2008

For more than fifty years, the Solow decomposition (Solow 1957) has served as the standard measurement of total factor productivity (TFP) growth in economics and management, yet little is known about its precision, especially when the capital stock is poorly measured. Using synthetic data...

Persistent link: https://www.econbiz.de/10010265668

Durable goods and ICT: The drivers of Euro area productivity growth?

Jalava, Jukka; Kavonius, Ilja Kristian - 2008

The purpose of this paper is to estimate the effect of durable goods and ICT on Euro Area economic growth and productivity change; when expenditure on consumer durables is recorded as capital investment. The capitalization of consumer durables impacts both the levels and growth rates of the...

Persistent link: https://www.econbiz.de/10010273013

The Causes of Slow Growth in Hungary during the Post-Communist Transformation Period

Mihályi, Peter - 2012

In his 1966 Inaugural Lecture at Cambridge, entitled On the Causes of the Slow Rate of Economic Growth in the UK, the Hungarian-born British economist, Nicholas Kaldor presented a series of "laws" to account for the growth rate differences between Britain on the one hand, and the more successful...

Persistent link: https://www.econbiz.de/10010494510

What happened to the knowledge economy? ICT, intangible investment and Britain's productivity record revisited

Marrano, Mauro Giorgio; Haskel, Jonathan; Wallis, Gavin - 2007

A major puzzle is that despite the apparent importance of innovation around the knowledge economy, UK macro performance appears unaffected: investment rates are flat, and productivity has slowed down. We investigate whether measurement issues might account for the puzzle. The standard National...

Persistent link: https://www.econbiz.de/10010284188

The impact of intangible capital on productivity and wages: Firm level evidence from Peru

Castillo, Rafael; Crespi, Gustavo - In: Estudios de Economía 51 (2024) 1, pp. 45-84

In the past decades, intangibles assets have become an important source of productivity and economic growth in developed countries. Despite the transforming properties of intangibles across economies and the large and dynamic literature on the impact of intangible investments on productivity...

Persistent link: https://www.econbiz.de/10015325241

Julkinen velka ja tuottavuus-kasvu yksityisten investointien näkökulmasta

Puonti, Päivi - 2022

Corporate investment is crucial for productivity growth. When economic growth is sluggish and productivity growth weak, the government is likely to compensate the shortage of tax revenues with debt. The aim of this research is to study the connection between public indebtedness and productivity...

Persistent link: https://www.econbiz.de/10014278317

Schumpeter in practice: The role of credit for industrial policy in China

Geißendörfer, Lisa; Haas, Thomas - 2022

Since the late 1970s, the Chinese government has been undertaking major efforts in developing their countries economy by means of industrial policy. However, a more narrow approach to industrial policy has been pursued only since 2010, with the initiation of the 'Strategic Emerging Industries'...

Persistent link: https://www.econbiz.de/10014329440

Schumpeter meets Goldilocks: The scarring effects of firm destruction

González, Beatriz; Moral-Benito, Enrique; Soler, Isabel - In: SERIEs - Journal of the Spanish Economic Association 14 (2023) 3/4, pp. 555-577

This paper uncovers an inverted U-shaped relationship between firm exit and total factor productivity (TFP) growth using Spanish data. At low levels of firm exit, Schumpeterian cleansing effects dominate and the effect of firm destruction on TFP is positive, but when exit rates are very high,...

Persistent link: https://www.econbiz.de/10014496149

Wege zu einem höheren Wachstumspfad

Bach, Stefan; Baldi, Guido; Bernoth, Kerstin; Bremer, Björn - In: DIW Wochenbericht 80 (2013) 26, pp. 6-17

1999 haben die Euroländer im Durchschnitt mehr Wirtschaftswachstum erzielt als Deutschland, und ein großer Teil der … das deutsche Pro-Kopf-Wirtschaftswachstum unter sonst gleichen Bedingungen jährlich um fast einen Prozentpunkt höher … höherem Wirtschaftswachstum in Deutschland führen würde. Das Potentialwachstum könnte 2017 um 0,6 Prozentpunkte höher sein …

Persistent link: https://www.econbiz.de/10010317212

More Growth through Higher Investment

Bach, Stefan; Baldi, Guido; Bernoth, Kerstin; Bremer, Björn - In: DIW Economic Bulletin 3 (2013) 8, pp. 5-16

While many countries in the euro area are deep in recession due to a debt and structural crisis, the German economy appears to have excelled compared to many other euro area countries. Unemployment has fallen to the lowest level since German reunification, economic output has grown by over eight...

Persistent link: https://www.econbiz.de/10010318051