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Innovation And The Productivity Crisis
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Book Synopsis Innovation and the Productivity Crisis by : Martin Neil Baily
Download or read book Innovation and the Productivity Crisis written by Martin Neil Baily and published by Brookings Institution Press. This book was released on 2011-12-01 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: The collapse of U.S. productivity growth since the late 1960s has been the most severe and persistent of recent economic problems. This volume reviews the extent of the growth slowdown, evaluates several contributing factors, and suggests strategies for improvement. The authors find that inflation, recessions, oil price fluctuations, and other economic disruptions in the 1970s had an averse effect on economic performance, but, they suggest, a slowing in the pace of innovation and a failure to exploit the benefits of innovation also contributed to the weakness in productivity. Baily and Chakrabarti provide a comprehensive assessment of U.S. technology policy and its importance to growth. They argue for continued support of basic science, even though strength in this area does not give the U.S. economy an immediate competitive advantage, and advocate increased support for "middle ground" and commercial research. They conclude that this support must be structured to preserve the advantages of the market.
Book Synopsis Global Productivity by : Alistair Dieppe
Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD
Book Synopsis The Future of Productivity by : OECD
Download or read book The Future of Productivity written by OECD and published by OECD Publishing. This book was released on 2015-12-11 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the rising productivity gap between the global frontier and other firms, and identifies a number of structural impediments constraining business start-ups, knowledge diffusion and resource allocation (such as barriers to up-scaling and relatively high rates of skill mismatch).
Book Synopsis Innovation and Productivity in Services by : OECD
Download or read book Innovation and Productivity in Services written by OECD and published by OECD Publishing. This book was released on 2001-09-04 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report shows that policies can be adapted to stimulate innovation and boost productivity in service sectors, with economy-wide benefits for employment and growth.
Book Synopsis National Innovation Efficiency During the Global Crisis by : Emine Nur Gunay
Download or read book National Innovation Efficiency During the Global Crisis written by Emine Nur Gunay and published by Springer. This book was released on 2016-12-07 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: What effect did the Great Recession have on innovation efficiency and the effectiveness of scarce resource management? Did countries with high GDPs and GDPs per capita sustain efficient innovation? How did the recession affect the time lag between innovation development and implementation? This book presents the most comprehensive data set in current economic literature to measure and compare the effect of GDP and GDP per capita on the efficiency of fifty-eight countries' national innovation systems during the Great Recession. A total of eighteen different models are applied to different groupings of the data, including data envelopment analyses and time lag effects. The result is a rich comparative resource for policy makers and economists alike.
Book Synopsis Soft Machines by : Richard A. L. Jones
Download or read book Soft Machines written by Richard A. L. Jones and published by OUP Oxford. This book was released on 2004-08-26 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Enthusiasts look forward to a time when tiny machines reassemble matter and process information with unparalleled power and precision. But is their vision realistic? Where is the science heading? As nanotechnology (a new technology that many believe will transform society in the next one hundred years) rises higher in the news agenda and popular consciousness, there is a real need for a book which discusses clearly the science on which this technology will be based. Whilst it is most easy to simply imagine these tiny machines as scaled-down versions of the macroscopic machines we are all familiar with, the way things behave on small scales is quite different to the way they behave on large scales. Engineering on the nanoscale will use very different principles to those we are used to in our everyday lives, and the materials used in nanotehnology will be soft and mutable, rather than hard and unyielding. "Soft Machines" explains in a lively and very accessible manner why the nanoworld is so different to the macro-world which we are all familiar with. Why does nature engineer things in the way it does, and how can we learn to use these unfamiliar principles to create valuable new materials and artefacts which will have a profound effect on medicine, electronics, energy and the environment in the twenty-first century. With a firmer understanding of the likely relationship between nanotechnology and nature itself, we can gain a much clearer notion of what dangers this powerful technology may potentially pose, as well as come to realise that nanotechnology will have more in common with biology than with conventional engineering.
Book Synopsis Entrepreneurship and Innovation Policy and the Economy by : Benjamin F. Jones
Download or read book Entrepreneurship and Innovation Policy and the Economy written by Benjamin F. Jones and published by . This book was released on 2024-03-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rigorous nonpartisan research on the effects of economic forces and public policy on entrepreneurship and innovation. Entrepreneurship and innovation are widely recognized as drivers of economic dynamics and long-term prosperity. This series communicates key findings about the implications of entrepreneurial and innovative activity across the economy. Entrepreneurship and Innovation Policy and the Economy, Volume 3, synthesizes key findings about entrepreneurial and innovative activity in the U.S. economy, conveying insights on contemporary challenges and providing an analytical base for policy design. In the first paper, Jorge Guzman, Fiona Murray, Scott Stern, and Heidi Williams examine regional innovation engines and highlight the place-specific actions, potential bottlenecks, and roles of different stakeholders in catalyzing entrepreneurship and innovation. Next, Lee Branstetter and Guangwei Li examine the challenges faced by the Chinese central government in implementing industrial policy to push the technology frontier while local governments and businesses deploy resources to advance their own, not necessarily aligned, interests. Turning to climate issues, James Sallee analyzes policies aimed at accelerating the energy transition by hastening the replacement of durable capital assets like automobiles and residential appliances that last for decades and slow the adoption of cleaner technologies. Joshua Gans studies cryptocurrencies and other crypto-token-based instruments and the broad range of government responses to them, particularly in the U.S. Finally, Ina Ganguli and Fabian Waldinger consider the effects of the Russian invasion of Ukraine on the human capital in the Ukrainian science community.
Book Synopsis Innovation Patterns in Crisis and Prosperity by : A. Kleinknecht
Download or read book Innovation Patterns in Crisis and Prosperity written by A. Kleinknecht and published by Springer. This book was released on 1987-02-09 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the economic problems facing Western economics during the last decade, theories about an alleged forty-five to sixty years' pulsation in economic life (the Kondratieff-Schumpeter cycle) have experienced a remarkable renaissance. Based on a new econometric test method, the author argues that long waves can be identified not only in price series but also in the aggregate output of a number of key industrialized countries. The author's own research corroborates Schumpeter's hypothesis that, far from being caused by a flash of genius, radical innovations occur in clusters, interacting with economic fluctuations and social change.
Book Synopsis Firm Innovation and Productivity in Latin America and the Caribbean by : Inter-American Development Bank
Download or read book Firm Innovation and Productivity in Latin America and the Caribbean written by Inter-American Development Bank and published by Springer. This book was released on 2016-07-01 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume uses the study of firm dynamics to investigate the factors preventing faster productivity growth in Latin America and the Caribbean, pushing past the limits of traditional macroeconomic analyses. Each chapter is dedicated to an examination of a different factor affecting firm productivity - innovation, ICT usage, on-the-job-training, firm age, access to credit, and international linkages - highlighting the differences in firm characteristics, behaviors, and strategies. By showcasing this remarkable heterogeneity, this collection challenges regional policymakers to look beyond one-size-fits-all solutions and create balanced policy mixes tailored to distinct firm needs. This book is open access under a CC BY-NC-ND 3.0 IGO license.
Book Synopsis The Productivity Puzzle: Restoring Economic Dynamism by : David Adler
Download or read book The Productivity Puzzle: Restoring Economic Dynamism written by David Adler and published by CFA Institute Research Foundation. This book was released on 2019-10-30 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph is a collection of articles on productivity and related topics submitted by speakers at an interdisciplinary November 2017 conference sponsored by, among others, the CFA Institute Research Foundation, with additional articles solicited by the editors from noted experts on the field.
Book Synopsis The OECD Innovation Strategy Getting a Head Start on Tomorrow by : OECD
Download or read book The OECD Innovation Strategy Getting a Head Start on Tomorrow written by OECD and published by OECD Publishing. This book was released on 2010-05-28 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a set of principles for fostering innovation in people (workers and consumers), in firms and in government, taking an in-depth look at the scope of innovation and how it is changing, as well as where and how it is occurring.
Book Synopsis Productivity and the Pandemic by : Philip McCann
Download or read book Productivity and the Pandemic written by Philip McCann and published by Edward Elgar Publishing. This book was released on 2021-01-29 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This forward-thinking book examines the potential impacts of the Covid-19 pandemic on productivity. Productivity and the Pandemic features 21 chapters authored by 46 experts, examining different aspects of how the pandemic is likely to impact on the economy, society and governance in the medium- and long-term. Drawing on a range of empirical evidence, analytical arguments and new conceptual insights, the book challenges our thinking on many dimensions. With a keen focus on place, firms, production factors and institutions, the chapters highlight how the pre-existing challenges to productivity have been variously exacerbated and mitigated by the pandemic and points out ways forward for appropriate policy thinking in response to the crisis.
Book Synopsis Innovation and Employment by : Charles Edquist
Download or read book Innovation and Employment written by Charles Edquist and published by Edward Elgar Publishing. This book was released on 2001-01-01 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an important addition to what can be broadly referred to as the national systems of innovation (NSI) approach. The particular contribution of the book is in the examination of the employment effects of innovation, something only indirectly considered hitherto. . . It is a thorough integration of existing knowledge on the key employment implications of innovation. . . Rachel Parker, Labour and Industry This is a highly readable, non-technical book . . . a highly clear and well-argued book that should be useful for policymakers and higher education alike. It brings together much of the most recent and useful literature in the area of innovation, employment and related public policy. It is an opportune addition to the existing documentation on the subject. Journal of Economics / Zeitschrift für Nationalökonomie Which kinds of growth lead to increased employment and which do not? This is one of the questions that this important volume attempts to answer. The book explores the complex relationships between innovation, growth and employment that are vital for both research into, and policy for, the creation of jobs. Politicians claiming that more rapid growth would remedy unemployment do not usually specify what kind of growth is meant. Is it, for example, economic (GDP) or productivity growth? Growing concern over jobless growth requires both policymakers and researchers to make such distinctions, and to clarify their employment implications. The authors initially address their theoretical approach to, and conceptualization of, innovation and employment, where the distinction between process and product innovations and between high-tech and low-tech goods and services are central. They go on to address the relationship between innovation and employment, using empirical material to analyse the effects that different kinds of innovations have upon job creation and destruction. Finally, the volume summarizes the findings and addresses conclusions as well as policy implications. This book will be of great interest to those involved in research and policy in the fields of macroeconomics (economic growth and employment), industrial economics and innovation.
Book Synopsis The New Normal by : Ms.Era Dabla-Norris
Download or read book The New Normal written by Ms.Era Dabla-Norris and published by International Monetary Fund. This book was released on 2015-03-18 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Total factor productivity growth was stagnant or slowing in many advanced countries even prior to the crisis. This paper documents sector-level productivity patterns across advanced economies prior to the crisis and examines the role of product and labor market rigidities as well as innovation and investments in information technology and human capital in driving productivity differences across sectors and countries. Since productivity payoffs of reforms evolve over time, we also focus on large changes in the structural indicators examine their dynamic impact on productivity, employment, and output. Our results suggest that reform priorities depend on country-specific settings, including the scale of specific policy distortions and the distance from the technology frontier. Productivity gains from reforms are large and materialize predominantly in the medium term, with some important variations across industries and countries.
Book Synopsis Economic Policy, Crisis and Innovation by : Maria Cristina Marcuzzo
Download or read book Economic Policy, Crisis and Innovation written by Maria Cristina Marcuzzo and published by Routledge. This book was released on 2019-11-21 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a Festschrift to Annamaria Simonazzi and embraces the themes that she has contributed to over the years through her insightful and inspiring works. It brings together contributions from a number of distinguished European economists, which pay tribute to her by engaging in a dialogue with her research, simultaneously reflecting on the process of growing economic disintegration in the European Union, its causes and its possible remedies. The book shows the deep interrelations between macroeconomic issues and the social sphere, and points to the need to rethink the very foundations of European economic policies as an effective antidote to growing imbalances and disintegration. In particular, the effects of austerity are assessed alongside the dimensions of inequality, gender discrimination, poverty, and unemployment, broadening the perspective also beyond the Eurozone. The authors envision a progressive society, in which investments in research and intelligent industrial policies govern the processes of technological change and drive the economy towards a more efficient and more equal model of development characterized by high productivity and high wages. While some chapters deal directly with policy issues, policy suggestions and proposals are scattered throughout the whole book. This volume will appeal to academics, economists, and policy-makers interested in understanding the policy response of European institutions to the challenges posed by both the Great Recession and subsequent developments in the European economies. The book is written in an engaging and accessible way, and the themes are broad enough to generate interest from the international public.
Book Synopsis Industrial Productivity in Europe by : Matilde Mas
Download or read book Industrial Productivity in Europe written by Matilde Mas and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses growth at the total economy and industry level from an international perspective, providing unique cross-country comparisons. The authors focus on the EU-25 countries but also include the US, Japan and Korea. The chapters explore growth patterns from a long-run perspective, although greater attention is paid to the period of expansion from 19952007 and the post 2008 period of crisis. Each contribution builds on a common methodology based on a detailed database providing a high degree of disaggregation with respect to the industries and factors accounting for growth. The role played by ICT is expertly emphasized, in particular the different paths followed in the US and the EU. This topical book will prove to be an unrivalled source of comparative data for academics, practitioners and policymakers alike.
Book Synopsis Productivity, Innovation and Economic Performance by : Ray Barrell
Download or read book Productivity, Innovation and Economic Performance written by Ray Barrell and published by Cambridge University Press. This book was released on 2000-06-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Productivity and its determinants are central to economic debate. This volume examines differences in productivity among nations, and provides comprehensive discussion as to why they exist; it addresses the importance of the growth and measurement of service productivity, and studies the role of human capital in adapting to new technologies. The creation of knowledge through research and development and its diffusion through trade, investment and the interaction of firms are also fully investigated.
