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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 capital stock, productivity and GDP. Our growth accounting … productivity growth in 1995-2004. ICT's impacts were larger, i.e., one-fifth of GVA growth and one-sixth of labour productivity …
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In an influential paper Mankiw, Romer, and Weil (1992) argue that the evidence on the international disparity in levels of per capita income and rates of growth is consistent with a standard Solow model, once it has been augmented to include human capital as an accumulable factor. In a study on...
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into account. The data are used to study total factor productivity, labour and capital productivity developments in a … changes in labour services and the composition thereof, as drivers of value added and labour productivity growth. Significant …
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In the paper, the sources of productivity growth are investigated by an empirical analysis with micro data for West …. The empirical results reveal that innovative firms exhibit more productivity increases. Large firms exhibit more … productivity increases as compared with small firms, ceteris paribus, which hints towards scale economies at the firm level …
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