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This paper integrates a simple theory of identity choice into a framework of endogenous economic growth to explain how secularization can be both cause and consequence of economic development. A secular identity allows an individual to derive more pleasure from consumption than religious...
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energy productivity growth. We draw on the Solow growth model to build a benchmark exogenous framework to explore the basic … growth rates of energy productivity are the same across countries in the balanced growth path equilibrium, but the cross … levels of energy productivity. The economy that has a stronger capacity of assimilating foreign technology diffusion and …
Persistent link: https://www.econbiz.de/10010344238
The empirical growth literature has focused on capital accumulation but largely ignored productivity growth. To address … this imbalance, we propose a methodology for analyzing productivity convergence based on frontier production functions. We …
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impact of AI on jobs, inequality, wages, labor productivity and long-run GDP growth are explored. …
Persistent link: https://www.econbiz.de/10012517812
. Productivity adjustments stabilise employment and the labour share in the long run: technological change allows firms to replenish …
Persistent link: https://www.econbiz.de/10012200132
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implications for innovation. The per-unit cost implies that factory-specific productivity improvements cannot sustain steady …
Persistent link: https://www.econbiz.de/10012116793