NBER WORKING PAPER SERIES GROWTH AND THE STRUCTURE OF ECONOMIC FLUD1JATIONS: A
... its current relationship with the business cycle. This is true of Solow's (1956) seminal contribution land its various extensions prior to the endogenous growth literature4] where again no long-run trend would obtain in the absence of population growth or of exogenous technical progress. This is als ...
... its current relationship with the business cycle. This is true of Solow's (1956) seminal contribution land its various extensions prior to the endogenous growth literature4] where again no long-run trend would obtain in the absence of population growth or of exogenous technical progress. This is als ...
a prospectiva tecnológica
... replace. Admittedly, it is difficult to measure the efficiency of an idea or of a concept, despite some glaring and well-known exceptions. In living nature, as well as in many man-made systems, such as those involving technology competing alternatives, a 1% efficiency gap between species and techniq ...
... replace. Admittedly, it is difficult to measure the efficiency of an idea or of a concept, despite some glaring and well-known exceptions. In living nature, as well as in many man-made systems, such as those involving technology competing alternatives, a 1% efficiency gap between species and techniq ...
Trade, Knowledge and the Industrial Revolution
... developed countries through the nineteenth and early part of the twentieth centuries. In general, while birth rates either rose or remained high during the first half of the nineteenth century, they began to fall significantly some time after 1870 (while the decline began earlier in the United State ...
... developed countries through the nineteenth and early part of the twentieth centuries. In general, while birth rates either rose or remained high during the first half of the nineteenth century, they began to fall significantly some time after 1870 (while the decline began earlier in the United State ...
The Role of ICT in Australia`s Economic
... also coincided with an acceleration in investment in rapidly advancing information and communication technology (ICT) and the uptake of the Internet. This has been conflated in popular economic commentary as the ‘new economy’ phenomenon. The concept is rubbery and has had many expressions. The more ...
... also coincided with an acceleration in investment in rapidly advancing information and communication technology (ICT) and the uptake of the Internet. This has been conflated in popular economic commentary as the ‘new economy’ phenomenon. The concept is rubbery and has had many expressions. The more ...
The Productivity Paradox of the New Digital Economy
... ICT-producing industries, including computer and electronics, data processing and telecommunication services provided the largest positive contributions, but given the relatively ...
... ICT-producing industries, including computer and electronics, data processing and telecommunication services provided the largest positive contributions, but given the relatively ...
Cobb-Douglas Production Function
... riod from 2001 onwards is evaluated as a period of more efficient use of resources simply because of the positive growth of the trend total factor productivity. In Sections 3 and 4 we evaluate whether this conclusion holds even if we apply a more general form of the production function. It is worth ...
... riod from 2001 onwards is evaluated as a period of more efficient use of resources simply because of the positive growth of the trend total factor productivity. In Sections 3 and 4 we evaluate whether this conclusion holds even if we apply a more general form of the production function. It is worth ...
Macro coordination: Forward Guidance as `cheap
... To see how sensitive the structure of the game is to the parameter values chosen, a check for robustness is attached as Annex 1. 2.4 Is the ‘cheap talk’ credible? For coordination games with Pareto-ranked equilibria, there is a prima facie case for ‘cheap talk’, where the MPC can lead the way by pr ...
... To see how sensitive the structure of the game is to the parameter values chosen, a check for robustness is attached as Annex 1. 2.4 Is the ‘cheap talk’ credible? For coordination games with Pareto-ranked equilibria, there is a prima facie case for ‘cheap talk’, where the MPC can lead the way by pr ...
Ch 25 PPT
... produced per unit of labor input. • Y = real GDP = quantity of output produced L = quantity of labor so productivity = Y/L (output per worker) ...
... produced per unit of labor input. • Y = real GDP = quantity of output produced L = quantity of labor so productivity = Y/L (output per worker) ...
Interactions between Agriculture and Industry: Theoretical
... agriculture and favoring industry: discrimination of agriculture through prices released resources to industry, and protection of industry has prevented resources from being locked into agriculture as a result of comparative advantage. But the models cannot explain why the sub-Saharan economies fail ...
... agriculture and favoring industry: discrimination of agriculture through prices released resources to industry, and protection of industry has prevented resources from being locked into agriculture as a result of comparative advantage. But the models cannot explain why the sub-Saharan economies fail ...
What Does Total Factor Productivity Measure?
... put it some time ago in another context: “[As] any one technology evolves over time ...its productivity [may] approach an upper limit beyond which further improvements are difficult if not impossible. [However] when there is a shift from one technology to another and then to a third, there is no rea ...
... put it some time ago in another context: “[As] any one technology evolves over time ...its productivity [may] approach an upper limit beyond which further improvements are difficult if not impossible. [However] when there is a shift from one technology to another and then to a third, there is no rea ...
The Virtue of Saving - Australian Centre for Financial
... argued that what is good for an individual household (for example, saving) is not necessarily good for the whole economy. One interpretation of this argument is that it might be desirable for a government to run continuous deficits although an individual household cannot do this. It is sometimes arg ...
... argued that what is good for an individual household (for example, saving) is not necessarily good for the whole economy. One interpretation of this argument is that it might be desirable for a government to run continuous deficits although an individual household cannot do this. It is sometimes arg ...
sectors labour productivity in the context of capital-labour ratio
... Labour productivity is also influenced by business cycle. The basic theory is now a real business cycle theory. The Real Business Cycle (RBC) theory claims that permanent productivity (or technological) shocks are the dominant source of economic fluctuations, while alternative models underline the r ...
... Labour productivity is also influenced by business cycle. The basic theory is now a real business cycle theory. The Real Business Cycle (RBC) theory claims that permanent productivity (or technological) shocks are the dominant source of economic fluctuations, while alternative models underline the r ...
14 - 157 - 163 final Satya ranjan nayak
... create goods and services from a given amount of labour, capital, materials, land, knowledge, time, or any combination of these. It is measured, basically, as output per unit of input, where the input could be land, labour, capital, etc. In any National Income Accounting, to improve the Gross Domest ...
... create goods and services from a given amount of labour, capital, materials, land, knowledge, time, or any combination of these. It is measured, basically, as output per unit of input, where the input could be land, labour, capital, etc. In any National Income Accounting, to improve the Gross Domest ...
Long-Run Economic Growth, Part 2 Agenda The Solow Model The
... ¾The rate of productivity improvement is the dominant factor determining how quickly living standards rise. ...
... ¾The rate of productivity improvement is the dominant factor determining how quickly living standards rise. ...
the secret history of the industrial revolution
... To derive estimates of total wage earnings over this long period I use just three series that we can measure relatively well. To measure farm wages I use day wages for male agricultural laborers. To measure wages in non-farm employments I take the average of the wages of building laborers and crafts ...
... To derive estimates of total wage earnings over this long period I use just three series that we can measure relatively well. To measure farm wages I use day wages for male agricultural laborers. To measure wages in non-farm employments I take the average of the wages of building laborers and crafts ...
secret2001
... To derive estimates of total wage earnings over this long period I use just three series that we can measure relatively well. To measure farm wages I use day wages for male agricultural laborers. To measure wages in non-farm employments I take the average of the wages of building laborers and crafts ...
... To derive estimates of total wage earnings over this long period I use just three series that we can measure relatively well. To measure farm wages I use day wages for male agricultural laborers. To measure wages in non-farm employments I take the average of the wages of building laborers and crafts ...
Growth Accounting
... growth in real output Y into components due to each of these three elements -an exercise that has come to be called growth accounting. If the production function has the form Y = A K1/3L2/3, this decomposition has a particularly simple expression. [Don't ask! The exponents mean that one third of out ...
... growth in real output Y into components due to each of these three elements -an exercise that has come to be called growth accounting. If the production function has the form Y = A K1/3L2/3, this decomposition has a particularly simple expression. [Don't ask! The exponents mean that one third of out ...
Resource Productivity in Tianjin Based on
... B. The average yield data, these two types of resource consumption were converted into the six categories of ecological productivity of the main land and water ecosystems in accordance with the region's ecological capacity and waste elimination, the assimilative capacity of the area (arable land, gr ...
... B. The average yield data, these two types of resource consumption were converted into the six categories of ecological productivity of the main land and water ecosystems in accordance with the region's ecological capacity and waste elimination, the assimilative capacity of the area (arable land, gr ...
Productivity - Middle Tennessee State University
... showing the relation between output and inputs: Y = A F(L, K, H, N) F( ) – a function that shows how inputs are combined to produce output “A” – the level of technology ...
... showing the relation between output and inputs: Y = A F(L, K, H, N) F( ) – a function that shows how inputs are combined to produce output “A” – the level of technology ...
presentation on “ steel – the preferred choice of material
... (*Based on a GDP elasticity of 1.14) ...
... (*Based on a GDP elasticity of 1.14) ...
References - Brad DeLong`s Website
... textile output multiply thirtyfold; in the middle of the eighteenth century it took handspinning workers 500 hours to spin a pound of cotton, but by the early nineteenth century it took machine-spinning workers only 3 hours to perform the same task--a rate of technological progress of ten percent pe ...
... textile output multiply thirtyfold; in the middle of the eighteenth century it took handspinning workers 500 hours to spin a pound of cotton, but by the early nineteenth century it took machine-spinning workers only 3 hours to perform the same task--a rate of technological progress of ten percent pe ...
Production and Growth
... showing the relation between output and inputs: Y = A F(L, K, H, N) F( ) – a function that shows how inputs are combined to produce output “A” – the level of technology ...
... showing the relation between output and inputs: Y = A F(L, K, H, N) F( ) – a function that shows how inputs are combined to produce output “A” – the level of technology ...
essen-ch17-presentat..
... showing the relation between output and inputs: Y = A F(L, K, H, N) F( ) – a function that shows how inputs are combined to produce output “A” – the level of technology ...
... showing the relation between output and inputs: Y = A F(L, K, H, N) F( ) – a function that shows how inputs are combined to produce output “A” – the level of technology ...
Slide 1
... be most effective at boosting growth and living standards in a poor country over the long run? a. offer tax incentives for investment by local firms b. …by foreign firms ...
... be most effective at boosting growth and living standards in a poor country over the long run? a. offer tax incentives for investment by local firms b. …by foreign firms ...
Lecture 4: Productivity, Output, and Unemployment in the Short Run
... technology) – or those with the rights skills (skills appropriate to the new technologies) – technological progress leads to higher wages. But for those in declining sectors and with outdated skills – technological change means lower wages or even job loss. • As a result - technological change is th ...
... technology) – or those with the rights skills (skills appropriate to the new technologies) – technological progress leads to higher wages. But for those in declining sectors and with outdated skills – technological change means lower wages or even job loss. • As a result - technological change is th ...