This chapter reviews recent developments in productivity growth and focuses on one aspect of increasing productivity growth - diffusion of ICT. The chapter assesses the extent to which the "new economy" is already apparent in the data and concludes with suggestions for reforms - drawn from the ...
Productivity Growth and the New Economy 来自 EconPapers 喜欢 0 阅读量: 171 作者: William Nordhaus,Brookings Papers on Economic Activity 摘要: WHAT, ANOTHER PAPER ON the new economy? When financial markets are raking through the debris... 关键词: CiteSeerX William D. Nordhaus William D. ...
theInformationSocietyInternationalTelecommunicationUnion&LondonBusinessSchoolJune1,2006*TheviewsexpressedhererepresentthoseoftheauthoronlyandnotnecessarilythoseoftheFederalReserveBankofNewYorkortheFederalReserveSystem.Outline•The“neweconomy”•ITandproductivitygrowth•FivequestionsThe“NewEconomy”WhatistheNewEconomy?
We find that current FDI activity in the UK lacks embeddedness while export and R&D activity of domestic firms contributes relatively more to growth and regional productivity convergence. The most important characteristic of MNCs in driving ... M Papanastasiou,I Bournakis,C Pitelis 被引量: 0发表...
Productivity Growth and the New Economy The present study is the third in a series of three papers devoted to issues in the measurement of productivity and productivity growth. The major findings... WD Nordhaus - 《Brookings Papers on Economic Activity》 被引量: 557发表: 2002年 Engaging for ...
Economic growth requires factor reallocation across firms and continuous replacement of technologies. Labor market institutions influence economic dynamism by their impact on the supply of a key factor, skilled workers to new and expandi... M Henrekson - 《Economic Growth Ejournal》 被引量: 0发表...
This paper measures the contribution of employment reallocation to aggregate productivity growth using manufacturing census data in Hungary, Romania, Russia, and Ukraine. Between-firm reallocation provides a negligible contribution to productivity growth during the centrally planned period, but a substantial ...
After a decade and a half of economic growth above 7% per year, the Chilean economy has been growing at rates below 3% during the last five years. In this article we suggest that in order to produce a new surge in economic growth, Chile needs a productivity shock arising from economic po...
Labor-productivity growth has been declining across the United States and Western Europe since a boom in the 1960s, and it decelerated further after the financial crisis to historic lows (Exhibit 1). The extent of the recent decline varies across our sample of countries. Sweden and the United...
Using Belgian firm level data on R&D and productivity, this paper provides further evidence on the important role of knowledge in explaining performance at the firm level, by augmenting the classical productivity growth approach not only with own R&D expenditures, but also with R&D cooperation. Takin...