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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
This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion,...
Persistent link: https://www.econbiz.de/10014051236
sector. This discrepancy in technological proximity between sectors influences the differential productivity growth rates in …
Persistent link: https://www.econbiz.de/10014333588
-biased. The productivity of routine labour is about 11 times higher in the top 25 percent than in the bottom 25 percent of …
Persistent link: https://www.econbiz.de/10014307785
role of total factor productivity (TFP) gaps as opposed to factor accumulation. Nevertheless, it is a widely held belief …
Persistent link: https://www.econbiz.de/10014166462
This paper argues that institutional quality has both direct and indirect (moderating) effects on productivity of … developed and transition economies. The results confirm that good institutions have positive and similar effects on productivity … across the board. Moreover, they moderate the relationship between foreign technological spillovers and productivity …
Persistent link: https://www.econbiz.de/10012973469
We examine the importance of total factor productivity (TFP) growth in middle-income countries based on cross …
Persistent link: https://www.econbiz.de/10011754850
This chapter reviews the literature that tries to explain the disparity and variation of GDP per worker and GDP per capita across countries and across time. There are many potential explanations for the different patterns of development across countries, including differences in luck, raw...
Persistent link: https://www.econbiz.de/10014024240
and their productivity. Recent work suggests that these calculations should treat workers of different skill levels as … imperfect substitutes. However, under this approach, it has been challenging to compute skill-specific productivity levels for a … data set on labor force composition to construct measures of productivity for workers in three distinct skill categories …
Persistent link: https://www.econbiz.de/10012869262
Global Manufacturing and International Supply Chains changed the way trade and international economics are understood today. The present essay builds on recent statistical advances to suggest new ways of looking at the demand and supply side approaches when Global Value Chains (GVCs) -...
Persistent link: https://www.econbiz.de/10011435987