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The present project is oriented to evaluate the performance of technological trade and research and development (R&D) expenditure, as a measure of productivity in explaining economic growth. Using data for OECD countries under a simple neoclassical growth model framework, the role of technology...
Persistent link: https://www.econbiz.de/10013136771
We show that skilled and unskilled labors are imperfect substitutes and that capital and skilled labor are complementary in production. The Korean economy has experienced skill-biased technical changes. The capital stock growth is found to be the main source of the economic growth. The...
Persistent link: https://www.econbiz.de/10013109245
This paper argues that investment-specific technological progress (ISTP) conventionally identified with the relative price of investment, inevitably correlate with neutral technological progress in heterogeneous production networks. Consequently, the ISTP is an elusive concept to examine the...
Persistent link: https://www.econbiz.de/10014235511
In this paper, I analyze the time paths of the efficiencies of skilled and unskilled labor in aproduction framework where skilled and unskilled labor are imperfect substitutes. Theirimplications for economic growth and wage inequality in the US between 1950 and 2005present two main findings....
Persistent link: https://www.econbiz.de/10013246335
This study discusses the effect of human capital and technology on economic growth in Indonesia using annual time series data over the 35-year research period (1984–2019). This study uses an autoregressive distribution gap to the cointegration approach to understanding the relationship between...
Persistent link: https://www.econbiz.de/10013215820
technological innovation effect of capital goods imports on regional development quality. This study explores the path of high … squares regression and mediating and moderating effects models, to investigate the impact of capital goods imports on regional … development quality and the mechanism of action. The findings demonstrate that capital goods imports have an inverted U …
Persistent link: https://www.econbiz.de/10014506502
growth elasticity in relation to exports, the price elasticity of exports and the elasticity of productivity growth relative …
Persistent link: https://www.econbiz.de/10011865754
&D, new products and exports are confirmed and qualified with major novelties. But when the period of analysis is split … that recessions may cause to the 'virtuous circle'. of innovation and performance. The model we propose links exports, R …
Persistent link: https://www.econbiz.de/10010530673
&D, new products and exports are confirmed and qualified with major novelties. But when the period of analysis is split …
Persistent link: https://www.econbiz.de/10013021801
Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010251655