scholarly journals The Impact of ICT on Labour Productivity – Europe vs. U.S.

2021 ◽  
Vol 129 ◽  
pp. 08021
Author(s):  
Predrag Trpeski ◽  
Borce Trenovski ◽  
Gunter Merdzan ◽  
Kristijan Kozeski
Keyword(s):  
Information And Communication Technologies ◽  
Productivity Growth ◽  
New Technologies ◽  
Labour Productivity ◽  
Value Added ◽  
Developed Countries ◽  
The United States ◽  
Critical Question ◽  
The Impact ◽  
The U.S

Research background: The European economy has been experiencing declining productivity growth rates since the 1970s despite high investments in information and communication technologies (ICT). Investments in ICT are considered a key driver of productivity growth that serves as a basis for further improvements in living standards. However, despite the emergence of new technologies and industries, especially after 1995, European productivity growth has slowed and lagged behind the United States. The critical question is why? Purpose of the article: This article aims to examine the effects of ICT on the European labour market in the period when machines and systems such as artificial intelligence, new information technologies, the Internet of things, and other technologies are becoming increasingly interconnected and intertwined. Additionally, the article examines the key reasons why European productivity lags behind the U.S. and explains them. Methods: The panel regression method analyzes the productivity lag of selected European developed countries and emerging markets in 2007-2019. The article additionally makes a qualitative analysis of the benefits of new technologies on productivity in Europe compared to the U.S. Findings & Value added: The results of the econometric analysis applied in this article confirm the positive but insignificant impact of ICT investments on the labour productivity of the case of European developed countries in the post-Great Recession period. Thus, the article fills the gap in the research literature regarding the relationship between ICT investments and the labour productivity of selected European countries.

Neoliberalism, “Globalization,” Unemployment, Inequalities, and the Welfare State

1998 ◽  
Vol 28 (4) ◽  
pp. 607-682 ◽  
Author(s):  
Vicente Navarro
Keyword(s):  
Labor Markets ◽  
Social Problems ◽  
Social Protection ◽  
New Technologies ◽  
Public Policies ◽  
Developed Countries ◽  
The United States ◽  
Neoliberal Policies ◽  
The Impact ◽  
The U.S

This analysis of “neoliberalism” and its economic and social consequences is presented in six sections. Section I begins by describing the impact of neoliberal public policies on economic growth and inflation, on business profits and business investments, on productivity, on business credit, on unemployment and social inequalities, on social expenditures, and on poverty and family debt. The author shows that, except in the area of business profits and control of inflation, neoliberal policies have not proved superior to those they replaced. Section II deals with unemployment and social polarization in the developed capitalist countries. The author criticizes some of the theories put forward to explain these social problems, such as the introduction of new technologies and globalization of the economy, and suggests that a primary reason for these problems is the implementation of neoliberal policies. Section III challenges the widely held neoliberal perception that the U.S. economy is highly efficient and the E.U. economies are “sclerotic” due to their “excessive” welfare states and “rigid” labor markets. The author shows that the U.S. economy is not so dynamic, nor the E.U. economies so sclerotic. Some developed countries with greater social protection and more regulated labor markets are shown to be more successful than the United States in producing jobs and lowering unemployment. The reasons for the growing polarization in developed capitalist countries, rooted in political rather than economic causes, are discussed in section IV—especially the enormous power of the financial markets and their influence on international agencies and national governments, and the weakness of the labor movements, both nationally and internationally. Section V questions the major theses of globalization. The author shows that rather than globalization of commerce and investments, we are witnessing a regionalization of economic relations stimulated by political considerations. He also analyzes the globalization of capital finance, criticizing the thesis that capital markets are determining public policies. The economic determinism that underlies the globalization position is questioned, uncovering the importance of political explanations for understanding major social problems such as unemployment. Finally, section VI shows that neoliberal public policies on the deregulation of labor markets are creating enormous instability in the labor force, worsening the living conditions of the majority of the populations.

Messprobleme bei der Ermittlung des Wachstums der Arbeitsproduktivität - dargestellt anhand eines Vergleichs der Schweiz mit den USA / Measurement Problems with Respect to Labour Productivity Growth - Illustrated by a Comparison of Switzerland with the United States

2006 ◽  
Vol 226 (4) ◽  
Author(s):  
Jochen Hartwig
Keyword(s):  
United States ◽  
Growth Rate ◽  
Productivity Growth ◽  
Labour Productivity ◽  
Value Added ◽  
The United States ◽  
European Countries ◽  
Wide Margin ◽  
Labour Productivity Growth ◽  
The U.S

SummaryThe paper shows that the assessment of the speed of productivity growth crucially depends on how one chooses to measure value added. According to a widely held view, the growth rate of labour productivity has increased significantly in the U.S. since the mid-90s. The U.S. is perceived to outperform most European countries in this respect by a wide margin. Comparing the U.S. with Switzerland, we show this view to rely - at least in part - on statistical artefacts.

The Role of Information and Communications Technology Inputs

2003 ◽  
Vol 184 ◽  
pp. 58-59 ◽  
Author(s):  
Mary O'Mahony
Keyword(s):  
Productivity Growth ◽  
Labour Productivity ◽  
The United States ◽  
Information And Communications Technology ◽  
Communications Technology ◽  
Labour Productivity Growth ◽  
Research Questions ◽  
The Impact ◽  
Role Of Information

The impact of recent advances in information technology on output and productivity growth has been one of the key research questions in the past few years. A consensus has emerged that the use of information and communications technology (ICT) capital has had a significant impact on aggregate economy-wide labour productivity growth through the capital deepening channel in the United States in the 1990s (see the discussion and references in the papers below). Evidence is also emerging of a delayed but nonetheless significant impact in European and other OECD economies. These findings have stimulated additional research using microeconomic data focusing on both the industry or company level.

scholarly journals An Economic Analysis of the Greenhouse, Nursery, and Sod Sector in the United States

HortScience ◽  
2003 ◽  
Vol 38 (1) ◽  
pp. 128-130 ◽  
Author(s):  
Edmund M. Tavernier ◽  
Robin G. Brumfield
Keyword(s):  
United States ◽  
Economic Analysis ◽  
Economic Activity ◽  
Value Added ◽  
The United States ◽  
Farm Income ◽  
Agricultural Policies ◽  
Economic Sectors ◽  
The Impact ◽  
The U.S

The greenhouse, nursery, and sod (GNS) sector in the United States accounted for $10 billion in gross sales or 5% of gross farm receipts, in 1998. Despite its significant economic contributions, the sector receives little attention from policymakers. Part of the problem lies in the absence of empirical economic analysis that addresses the impact of the sector on the U.S. economy. The absence of such analysis places the sector at a disadvantage when agricultural policies are designed to address agricultural imbalances, such as farm income problems, and hinders the ability of the sector to lobby for policies favorable to GNS producers. This study provides estimates of the economic impacts of the GNS sector on the U.S. economy and quantifies the linkages between the GNS sector and other economic sectors. The results show that the sector contributed over $26 billion and $17 billion in output and value added economic activity, respectively, and over 438,000 jobs.

scholarly journals The Impact of Physical Activity on Disability Incidence among Older Adults in Mexico and the United States

2011 ◽  
Vol 2011 ◽  
pp. 1-10 ◽  
Author(s):  
Kerstin Gerst ◽  
Alejandra Michaels-Obregon ◽  
Rebeca Wong
Keyword(s):  
Physical Activity ◽  
Older Adults ◽  
Developed Countries ◽  
The United States ◽  
Healthy Habits ◽  
Aging Study ◽  
The Usa ◽  
The Impact ◽  
Positive Effect ◽  
The U.S

Evidence suggests that transitions among older adults towards healthy habits, such as physical activity, appear underway in developed countries such as the USA but not in developing countries such as Mexico. However, little is known about the potential benefit of physical activity in preventing disability among elders in countries at different stages of epidemiological transition. We explore the impact of physical activity on the disablement process among elders in Mexico compared to the USA. Data are from two waves of the Mexican Health and Aging Study and the Health and Retirement Study. We examine the impact of exercise on the transition from no disability to ADL limitations two years later. Findings indicate that exercise is more common in the U.S. than in Mexico. There is a positive effect of exercise on negative outcomes in both countries. However, the protective effect of exercise is stronger in the U.S. than in Mexico.

scholarly journals Exports of Services, Output and Productivity Growth in Europe

2021 ◽  
Vol 9 (4) ◽  
pp. 209-219
Author(s):  
Maja Bacovic
Keyword(s):  
Productivity Growth ◽  
Fixed Effects ◽  
Positive Impact ◽  
Labour Productivity ◽  
Developed Countries ◽  
Gdp Growth ◽  
Business Services ◽  
Labour Productivity Growth ◽  
Gdp Growth Rate ◽  
The Impact

In this study, we analyse the impact of service exports on GDP and productivity growth in a sample of thirty-eight European countries for the period 2000-2019. Descriptive statistics analysis of the panel data shows that growth in exports of goods is more positively related to GDP growth, total fixed assets growth and productivity growth, while growth in export of services is more positively related to employment growth. In addition, the analysis shows that the volume of exports (in terms of its share in relation to GDP) of knowledge-intensive services (information and communication, other business services, intellectual property) is higher in more developed countries (measured as GDP per person). The pooled panel OLS model (fixed effects) with GDP growth rate and labour productivity growth as the dependent variables shows a positive impact on GDP growth of exports of services, although the positive impact of growth in exports of goods is higher. It applies to labour productivity growth, with a larger positive impact from exports of goods than services.

THE INFLUENCE OF SCOTTISH ACCOUNTANTS IN THE UNITED STATES: THE EARLY CASE OF THE SOCIETY OF ACCOUNTANTS IN EDINBURGH

1997 ◽  
Vol 24 (1) ◽  
pp. 117-141 ◽  
Author(s):  
T. A. LEE
Keyword(s):  
United States ◽  
General Theory ◽  
Research Program ◽  
The United States ◽  
The World ◽  
Early Case ◽  
The Impact ◽  
Chartered Accountants ◽  
The U.S

This study represents part of a long-term research program to investigate the influence of U.K. accountants on the development of professional accountancy in other parts of the world. It examines the impact of a small group of Scottish chartered accountants who emigrated to the U.S. in the late 1800s and early 1900s. Set against a general theory of emigration, the study's main results reveal the significant involvement of this group in the founding and development of U.S. accountancy. The influence is predominantly with respect to public accountancy and its main institutional organizations. Several of the individuals achieved considerable eminence in U.S. public accountancy.

scholarly journals How Representative Are Snowball Samples? Using the Ethnosurvey to Study Guatemala-U.S. Migration

2016 ◽  
Vol 666 (1) ◽  
pp. 64-76
Author(s):  
David P. Lindstrom
Keyword(s):  
Rhode Island ◽  
Composite Index ◽  
The United States ◽  
Mexican Migration ◽  
Background Characteristics ◽  
Household Location ◽  
Sample Weighting ◽  
Migrant Integration ◽  
The Impact ◽  
The U.S

This analysis draws on binational data from an ethnosurvey conducted in Guatemala and in the United States in Providence, Rhode Island, to develop a refinement of the weighting scheme that the Mexican Migration Project (MMP) uses. The alternative weighting procedure distinguishes between temporary and settled migrants by using a question on household location in the Guatemala questionnaire that is not used in the MMP. Demographic characteristics and integration experiences of the most recent U.S. trip are used to assess the composition and representativeness of the U.S. sample. Using a composite index of migrant integration to compare the impact of alternative U.S. sample weights on point estimates, I find that although the U.S. sample is broadly representative across a range of background characteristics, the MMP sample weighting procedure biases estimates of migrant integration downward.

Foreign Direct Investment, Intellectual Property Rights, and Productivity Growth

2014 ◽  
Vol 05 (03) ◽  
pp. 1440009
Author(s):  
Sasatra Sudsawasd ◽  
Santi Chaisrisawatsuk
Keyword(s):  
Foreign Direct Investment ◽  
Intellectual Property ◽  
Property Rights ◽  
Intellectual Property Rights ◽  
Productivity Growth ◽  
Direct Investment ◽  
Developed Countries ◽  
Outward Fdi ◽  
The Impact ◽  
Ipr Protection

Using panel data for 57 countries over the period of 1995–2012, this paper investigates the impact of intellectual property rights (IPR) processes on productivity growth. The IPR processes are decomposed into three stages — innovation process, commercialization process, and protection process. The paper finds that better IPR protection is directly associated with productivity improvements only in developed economies. In addition, the contribution of IPR processes on growth through foreign direct investment (FDI) appears to be quite limited. Only inward FDI in developed countries which creates better innovative capability leads to higher growth. In connection with outward FDI, only the increase in IPR protection and commercialization are proven to improve productivity in the case of developing countries, particularly when the country acts as the investing country.

scholarly journals International Trade and Foreign Direct Investment as Innovation Factors of the U.S. Economy

2014 ◽  
Vol 41 (1) ◽  
pp. 60-75
Author(s):  
Tomasz M. Napiórkowski
Keyword(s):  
Foreign Direct Investment ◽  
International Trade ◽  
Direct Investment ◽  
Positive Impact ◽  
The United States ◽  
Annual Data ◽  
Main Portion ◽  
The Impact ◽  
Total Impact ◽  
The U.S

Abstract The aim of this research is to asses the hypothesis that foreign direct investment (FDI) and international trade have had a positive impact on innovation in one of the most significant economies in the world, the United States (U.S.). To do so, the author used annual data from 1995 to 2010 to build a set of econometric models. In each model, 11 in total) the number of patent applications by U.S. residents is regressed on inward FDI stock, exports and imports of the economy as a collective, and in each of the 10 SITC groups separately. Although the topic of FDI is widely covered in the literature, there are still disagreements when it comes to the impact of foreign direct investment on the host economy [McGrattan, 2011]. To partially address this gap, this research approaches the host economy not only as an aggregate, but also as a sum of its components (i.e., SITC groups), which to the knowledge of this author has not yet been done on the innovation-FDI-trade plane, especially for the U.S. Unfortunately, the study suffers from the lack of available data. For example, the number of patents and other used variables is reported in the aggregate and not for each SITC groups (e.g., trade). As a result, our conclusions regarding exports and imports in a specific SITC category (and the total) impact innovation in the U.S. is reported in the aggregate. General notions found in the literature are first shown and discussed. Second, the dynamics of innovation, trade and inward FDI stock in the U.S. are presented. Third, the main portion of the work, i.e. the econometric study, takes place, leading to several policy applications and conclusions.

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