At the same time, the nature of digital technologies could fundamentally reshape industry structures and economics in a way that could create new obstacles to productivity growth. Could long-term demand drags, amplified by digital, and potential industry-breaking effects of digital limit the ...
The benefits of increased productivity, goes the thinking, will then flow down the income ladder. The gains fromtax breakswill allow the rich capitalists to provide more jobs for the rest of the population. According to this view, additional tax revenue is generated because the government can ta...
Economies of scale can lead to increased success of a business by creating cost advantages. When a company becomes more efficient and increases production, the per-unit cost decreases. This cost advantage can result in higher profits, or, increased sales if the cost advantage is passed on to ...
Increased productivity can come from improvements in efficiency, which can involve technical improvements from capital investments, training and education for the laboring workforce and general improvements in technology as society develops. For example, newer machines may be more energy efficient, providing...
1) Productivity Growth 生产力增长 As shown below in chart 1, real per capita GDP has increased at an average rate of a shade less than 2% over the last 100 years and didn ’t vary a lot from that. (For an explanation for how and why this varies by country and over time, see the...
For sales reps, KPIs zero in on metrics that shape their daily grind and productivity. Like these: Number of calls made: This one keeps reps on their toes, ensuring they’re hustling and maintaining a high level of outreach. Conversion rate: Tracks how many prospects become customers, reveali...
In a recent paper, we use the synthetic counterfactuals method (SCM) pioneered by Abadie and Gardeazabal (2003) to estimate EU membership benefits – on a country-by-country basis – in terms of economic growth and productivity (Campos, Coricelli, and Moretti 2014). ...
John Van Reenen, a professor at the London School of Economics and one of the authors of the paper, knows it’s still too early to see any real change in the productivity data from AI, but he says, “The hope is that [it] can make some difference.” AlphaFold is “a poster child...
Often, but not necessarily, aggregate gains in production correlate with increased averagemarginal productivity. That leads to an increase in incomes, inspiring consumers to open up their wallets and buy more and driving a higher material quality of life and standard of living. ...
Economies of scale can lead to increased success of a business by creating cost advantages. When a company becomes more efficient and increases production, the per-unit cost decreases. This cost advantage can result in higher profits, or, increased sales if the cost advantage is passed on to ...