Informality, innovation, and aggregate productivity growth
نویسندگان
چکیده
منابع مشابه
Innovation and Productivity Growth
“The puzzle confronting economists has been that the rate of growth of output that was being observed has been much larger than the rate of increase in the principal resources that were being measured. It is now clear that this puzzle is of our own making because we have been using measures of capital and labor which had been refined and narrowed in ways that excluded many of the improvements t...
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This paper investigates whether failure in innovation at the firm level can account for cross-country heterogeneity in manufacturing productivity growth. There is no strong evidence in the literature on the existence of such link. Our work, however, differs in a number of ways from much of the previous cross-country comparisons on the relationship between innovation and productivity using firm-...
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The sources of aggregate productivity growth are explored using detailed data for four-digit U.S. manufacturing industries during 1958-96 and a decomposition formula which allows to quantify the contribution of structural change. Labor productivity as well as total factor productivity are considered and the aggregation is performed with either value-added or employment shares. It is shown that ...
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Innovation is essential to productivity growth. Innovation does not just happen. It will involve decisions made in both private sector and government sectors to invest time, effort and money in exploring new ideas. From a business perspective, the profit motive and competition will be important drivers of innovation. Similarly, flexibility in the workplace and regulatory environment can facilit...
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A mericans have always believed in building a better future. each generation has strived to pass on higher standards of living to their children than they themselves experienced. And for most of American history, this goal has been realized. Per capita income has risen strongly for most of the past two centuries. Such economic growth stems from a number of factors. Investment in skills and educ...
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ژورنال
عنوان ژورنال: Review of Development Economics
سال: 2019
ISSN: 1363-6669,1467-9361
DOI: 10.1111/rode.12626