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Understanding the causes of the slowdown in aggregate productivity growth is key to maintaining the competitiveness of … Knowledge-Based Capital (KBC), despite having a positive effect on productivity at the micro level, is a driver of the weak … productivity performance at the aggregate level, by accentuating divergence between a group of “frontier” firms and the rest of the …
Persistent link: https://www.econbiz.de/10014032026
Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R … important in this catch up process as well as stimulating innovation directly. Trade, by contrast, plays a more modest role in … productivity growth …
Persistent link: https://www.econbiz.de/10014038646
This paper studies how linear tax and education policy should optimally respond to skill-biased technical change (SBTC). SBTC affects optimal taxes and subsidies by changing i) direct distributional benefits, ii) indirect redistributional effects due to wage-(de)compression, and iii) education...
Persistent link: https://www.econbiz.de/10012404588
This paper evaluates how different lengths of entry regulation impact market structure and market performance using a dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs to vary over time. Firms have the opportunity to...
Persistent link: https://www.econbiz.de/10009764443
Understanding the causes of the slowdown in aggregate productivity growth is key to maintaining the competitiveness of … Knowledge-Based Capital (KBC), despite having a positive effect on productivity at the micro level, is a driver of the weak … productivity performance at the aggregate level, by accentuating divergence between a group of "frontier" firms and the rest of the …
Persistent link: https://www.econbiz.de/10012215260
their impact on schooling and productivity. In particular, it is found that subsidies to basic education are likely to be …
Persistent link: https://www.econbiz.de/10014112023
Following the development of knowledge economies, there has been a rapid expansion of economic analysis of knowledge, both in the context of technological knowledge in particular and the decision theory in general. This paper surveys this literature by identifying the main themes and...
Persistent link: https://www.econbiz.de/10011708069
We live in a ‘zero-risk society', characterized by a culture that is obsessed with controlling and removing any possible risks. Obviously, one of the fundamental objectives of any civilization is to improve the safety and security of its citizens. However, we should not let the cozy comfort...
Persistent link: https://www.econbiz.de/10012271226
Over the last decades, productivity in the tradable sector rose substantially, while in the non-tradable sector, output … duality in higher education as well as heterogeneous ability of individuals can explain the differences in labor productivity … can explain that despite an increase in human capital in both sectors, there is still a gap in productivity. In other …
Persistent link: https://www.econbiz.de/10011747854
Innovation occurs within ... …
Persistent link: https://www.econbiz.de/10013022877