The rapid pace of productivity growth since the mid-1990s has been attributed to improvements in technology, particularly in the areas of information processing and communications. From e-mail and cell phones to inventory management and robotic manufacturing techniques, new ways of doing business—facilitated by the use of new types of capital equipment—have transformed the workplace. However, t...

By introducing nonlinear technology gap into Jones (1995b), this chapter constructs an R&D non-scale growth model that includes endogenous human capital and technological progress. The goal is to take the model’s implications to the data to explaining the Chinese economic development experiences at period 1979-2004. Our model suggests that the technology gap has the block neck effect on the eco...

This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm’s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In relation to firm sales U.K and U.S firms have 50-100 percent more equity financing than Swedish firms depe...

In this study, we use Stochastic Frontier analysis approach to estimate cost efficiency, economies of scale, and technological progress among Iranian banks from 1999 to 2012. The results show that there is a marked difference in cost efficiency before and after the recent financial sanctions against Iranian banking industry. Moreover, the results indicate that specialized government-owned banks...

vintage, technology lock-in, institutional lock-in, clean development mechanisms.

This paper combines technology adoption with capital accumulation taking into account technological progress. We model this as a multi-stage optimal control problem and solve it using the corresponding maximum principle. The model with linear revenue can be solved analytically, while the model with market power is solved numerically. We obtain that investment jumps upwards right at the moment t...

An important theme in modern research on productivity has been that technological progress may be embodied in capital in the sense that traditional measures of TFP growth reflect unmeasured improvements in the quality of capital inputs as well as pure disembodied technological progress. It is commonly believed that an implication of this embodiment hypothesis is that there should be a negative ...

We decompose labor-productivity growth into components attributable to (1) technological change (shifts in the world production frontier), (2) technological catch-up (movements toward or away from the frontier), (3) human capital accumulation (changes in the efficiency of labor), and (4) physical capital accumulation (movement along the frontier). The world production frontier is constructed us...

The paper absorbed research results on social capital, technological innovation performance from domestic and foreigner. On the basis, this paper from the individual level perspective of a CTO and in charge of the CTO who is the head of technology management in an enterprise, on the relationship of the external social capital they owned with technological innovation performance. At the same tim...

By means of so-called virtual or shadow prices, short-run factor demands, short-run marginal costs, etc. can be derived from any long-run cost function. The traditional approach (short-run/restricted/conditional/variable cost functions) is criticized, and it is also shown that technological change, scale e!ects, etc. can be added to any cost function by means of disembodied factor-augmenting e$...