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This paper addresses the empirical relationship between the level of competition and the rate of productivity growth … level of competition for each sector that is defined by the mark-up that maximizes the growth rate of labor productivity …. The information technologies Sectors have the highest mark-ups for maximizing productivity growth. The persistence of …
Persistent link: https://www.econbiz.de/10012153884
A growing number of studies identify a generalized slowdown in labor productivity growth. The very existence of the … of the observed trends. We posit that the composition of aggregate productivity matters. In a nutshell, we make the … analysis of productivity growth slowdown more fine-grained by shifting the focus to the industry level, considering that the …
Persistent link: https://www.econbiz.de/10011861429
In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U …
Persistent link: https://www.econbiz.de/10012239797
This paper studies the short-term and long-term consequences of the COVID-19 pandemic for productivity in Europe … exercise. Productivity trends during the COVID-19 pandemic differed from past trends. Labour productivity per hour worked … temporarily increased, while productivity per employee declined across sectors given the widespread use of job retention schemes …
Persistent link: https://www.econbiz.de/10014480010
In this report we review the literature on the relationship between ICT and productivity. In Sect. 1 we discuss in … broad terms the theoretical relationship between ICT and productivity, while in Sect. 2 we present the growth accounting …, total factor productivity). Within the growth-accounting methodology, in Sect. 3, we discuss the U.S. - E.U. productivity …
Persistent link: https://www.econbiz.de/10011979491
The purpose of this paper is to examine how the Solow residual relates to innovation at the firm level. We estimate two kinds of relationships. The first relationship explains innovation output from innovation inputs. The second relationship relates TFP growth to innovation output. We obtain two...
Persistent link: https://www.econbiz.de/10014141351
The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …
Persistent link: https://www.econbiz.de/10011477079
Does artificial intelligence (AI) increase productivity - and does it displace workers? We examine aggregate effects …
Persistent link: https://www.econbiz.de/10015627516
inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i … aggregate demand. A second is that the predictions of AI causing massive job losses and faster growth in productivity and GDP … growth and productivity is stagnating and inequality is rising. Our paper provides a theoretical explanation of this in the …
Persistent link: https://www.econbiz.de/10011951702
The main aim of every organization is to improve performance and productivity, but this is only possible with efficient … managerial skills and technology adaptation on firm performance and productivity through the mediation channel of process … the productivity and performance of firms. The present research is focused on the implementation of new technology and …
Persistent link: https://www.econbiz.de/10014505276