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Do firms have the right incentives to innovate in the presence of productivity spillovers? This paper proposes an …-term wage contracts with their workers, productivity spillovers are fully internalized. If firms cannot commit to long-term wage …
Persistent link: https://www.econbiz.de/10011171780
States in terms of unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies … productivity grows less due to larger mismatch. The model can be used to address a number of normative issues. …
Persistent link: https://www.econbiz.de/10005788908
Economic development implies that the efficiency of firms in developing countries is approaching that of firms in … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … find that privatization to domestic owners did not markedly improve the efficiency of firms; domestic firms are not …
Persistent link: https://www.econbiz.de/10005792168
Using a dataset covering over 10,000 Australian primary school teachers and over 90,000 pupils, I estimate how effective teachers are in raising students’ test scores from one exam to the next. Since the exams are conducted only every two years, it is necessary to take account of the...
Persistent link: https://www.econbiz.de/10008490570
This paper surveys the experience of economic growth in the 20th century with a focus on technological change at the frontier together with issues related to success and failure in catch-up growth. A detailed account of growth performance based on historical national accounts data is given and...
Persistent link: https://www.econbiz.de/10011084318
factor productivity growth of three general-purpose technologies, namely, steam in Britain during 1780-1860, electricity and … contribution of ICT was already relatively large before 1995 and it is suggested that the true productivity paradox is why …
Persistent link: https://www.econbiz.de/10005791702
European Union Spain has experienced a dramatic productivity slowdown. …
Persistent link: https://www.econbiz.de/10005124439
This paper considers the sources of long-term economic growth for Turkey over the period 1880-2005. The period in question covers the decline and eventual dissolution of the former Ottoman Empire and the emergence of the new Turkish Republic in 1923. Hence, the paper provides a unique look at...
Persistent link: https://www.econbiz.de/10005504216
and plays a key role in the productivity resurgence of the 1990s. Driving this finding is 4% annual growth in the quality … recent increase in productivity growth is sustainable. …
Persistent link: https://www.econbiz.de/10005504732
. This Paper uses growth accounting to measure the direct contribution of structural change to aggregate productivity growth …-90. The Paper quantifies the importance of structural change in explaining the Golden Age, the productivity slowdown, and the …
Persistent link: https://www.econbiz.de/10005067615