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Persistent link: https://www.econbiz.de/10005056464
In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10005703487
labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … productivity. …
Persistent link: https://www.econbiz.de/10005822664
on the efficiency and productivity of spindles. The methodology used here is different than the traditional production … shows the changes in productivity of working spindles. The productivity analysis along with the state of spinning industry …
Persistent link: https://www.econbiz.de/10005824022
This paper uses data form the U.S. Decennial Censuses of 1950 through 1990 to measure the growth of information workers in the U.S. economy and analyse the sources of their growth.
Persistent link: https://www.econbiz.de/10005826785
In this paper we (1) estimate the effects of international R&D spillovers on total factor productivity growth of the …
Persistent link: https://www.econbiz.de/10005826835
Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends … reductions in TFP growth. These results have important policy implications, including that low productivity growth in some …
Persistent link: https://www.econbiz.de/10011242298
panel of industries in 17 countries from 1993-2007. We find that industrial robots increased both labor productivity and ….37 percentage points. We also find that robots increased both wages and total factor productivity. While robots had no significant …
Persistent link: https://www.econbiz.de/10011214029
Technical advances in retail banking have had profound repercussions for the competitiveness of individual firms and for the sector as a whole. This paper looks at the role played by new technological resources within the context of organizational change and the products and services offered by...
Persistent link: https://www.econbiz.de/10011259699
panel of industries in 17 countries from 1993-2007. We find that industrial robots increased both labor productivity and ….37 percentage points. We also find that robots increased both wages and total factor productivity. While robots had no significant …
Persistent link: https://www.econbiz.de/10011196027