Carnegie-Rochester Conference Series on Public Policy最新文献

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Computers and growth with frictions: aggregate and disaggregate evidence A comment 计算机与摩擦中的增长:聚合证据与分解证据评论
Carnegie-Rochester Conference Series on Public Policy Pub Date : 2001-12-01 DOI: 10.1016/S0167-2231(01)00057-4
Andreas Hornstein
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引用次数: 1
Editorial advisory board 编辑顾问委员会
Carnegie-Rochester Conference Series on Public Policy Pub Date : 2001-12-01 DOI: 10.1016/S0167-2231(01)80001-4
{"title":"Editorial advisory board","authors":"","doi":"10.1016/S0167-2231(01)80001-4","DOIUrl":"https://doi.org/10.1016/S0167-2231(01)80001-4","url":null,"abstract":"","PeriodicalId":100218,"journal":{"name":"Carnegie-Rochester Conference Series on Public Policy","volume":"55 1","pages":"Page IFC"},"PeriodicalIF":0.0,"publicationDate":"2001-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0167-2231(01)80001-4","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"92128140","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Computers and growth with frictions: aggregate and disaggregate evidence 计算机与增长的摩擦:聚合与分解证据
Carnegie-Rochester Conference Series on Public Policy Pub Date : 2001-12-01 DOI: 10.1016/S0167-2231(01)00056-2
Michael T Kiley
{"title":"Computers and growth with frictions: aggregate and disaggregate evidence","authors":"Michael T Kiley","doi":"10.1016/S0167-2231(01)00056-2","DOIUrl":"10.1016/S0167-2231(01)00056-2","url":null,"abstract":"<div><p>Not long ago, discussions of the computer revolution by economists centered on the disappointing payoff computers seemed to be having on aggregate, industry, or firm-level movements in productivity, but this disappointed has passed and the business pages are filled with stories heralding the arrival of the “new economy”. This paper investigates the role of computers, software, and communications equipment in the recent surge in U.S. productivity growth in a neoclassical model of investment and production in an attempt to clarify the potential importance of frictions in the transition to a more computer-intensive mode of production on the productivity effects of high-tech equipment. The estimated response of investment in high-tech equipment to its relative price is substantial and sluggish. The high-price elasticity of high-tech capital implies, in conjunction with reasonable assumptions about future declines in high-tech equipment prices and multifactor productivity throughout the economy, that trend GDP growth over 2001–2005 is likely to range between 3 percent and 3-<span><math><mtext>3</mtext><mtext>4</mtext></math></span> percent. The estimated investment frictions are suggestive of complicated dynamics in the short-run impact of high-tech investment on productivity; firm-level evidence suggests such short-run effects may be important, as do the large costs of training workers and installing high-tech capital.</p></div>","PeriodicalId":100218,"journal":{"name":"Carnegie-Rochester Conference Series on Public Policy","volume":"55 1","pages":"Pages 171-215"},"PeriodicalIF":0.0,"publicationDate":"2001-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0167-2231(01)00056-2","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80001563","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 58
A quantitative model of the British industrial revolution, 1780–1850 a comment 英国工业革命的定量模型,1780-1850年
Carnegie-Rochester Conference Series on Public Policy Pub Date : 2001-12-01 DOI: 10.1016/S0167-2231(01)00053-7
John Laitner
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引用次数: 28
Productivity growth in the 1990s: technology, utilization, or adjustment? A comment 20世纪90年代的生产率增长:技术、利用还是调整?一个评论
Carnegie-Rochester Conference Series on Public Policy Pub Date : 2001-12-01 DOI: 10.1016/S0167-2231(01)00055-0
Robert E Hall
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引用次数: 2
Searching for prosperity 寻找繁荣
Carnegie-Rochester Conference Series on Public Policy Pub Date : 2001-12-01 DOI: 10.1016/S0167-2231(01)00060-4
Michael Kremer, Alexei Onatski, James Stock
{"title":"Searching for prosperity","authors":"Michael Kremer,&nbsp;Alexei Onatski,&nbsp;James Stock","doi":"10.1016/S0167-2231(01)00060-4","DOIUrl":"https://doi.org/10.1016/S0167-2231(01)00060-4","url":null,"abstract":"<div><p>Quah's [1993a] transition matrix analysis of world income distribution based on annual data suggests an ergodic distribution with twin peaks at the rich and poor end of the distribution. Since the ergodic distribution is a highly non-linear function of the underlying transition matrix, it is estimated extremely noisily. Estimates over the foreseeable future are more precise. However, the Markovian assumptions underlying the analysis are much better satisfied with an analysis based on five-year transitions than one-year transitions. Such an analysis yields an ergodic distribution with 72% of mass in the top income category, but a prolonged transition, during which some inequality measures increase.</p><p>The rosy ergodic forecast and prolonged transition arise because countries' relative incomes move both up and down at moderate levels, but once countries reach the highest income category, they rarely leave it. This is consistent with a model in which countries search among policies until they reach an income level at which further experimentation is too costly. If countries can learn from each other's experience, the future may be much brighter than would be predicted based on projecting forward the historical transition matrix.</p></div>","PeriodicalId":100218,"journal":{"name":"Carnegie-Rochester Conference Series on Public Policy","volume":"55 1","pages":"Pages 275-303"},"PeriodicalIF":0.0,"publicationDate":"2001-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0167-2231(01)00060-4","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"92011384","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 139
Searching for prosperity a comment 寻找繁荣的评论
Carnegie-Rochester Conference Series on Public Policy Pub Date : 2001-12-01 DOI: 10.1016/S0167-2231(01)00061-6
Danny Quah
{"title":"Searching for prosperity a comment","authors":"Danny Quah","doi":"10.1016/S0167-2231(01)00061-6","DOIUrl":"10.1016/S0167-2231(01)00061-6","url":null,"abstract":"<div><p>Kremer, Onatski, and Stock (KOS) criticize twin peaks dynamics in the evolution of cross-country income dynamics. They suggest instead convergence to a single peak at high incomes, with a prolonged transition when polarization and inequality increase. This article makes three points. First, the data are as consistent with a twin peaks characterization as they are for KOS's preferred description—in KOS's own analysis as well as across other studies. Second, the substantive economic message is identical in both twin peaks and KOS views: the global poor are substantial and will continue so—whether for centuries or for infinity is nit-picking. Finally, getting the empirics right matters greatly for theories of economic growth.</p></div>","PeriodicalId":100218,"journal":{"name":"Carnegie-Rochester Conference Series on Public Policy","volume":"55 1","pages":"Pages 305-319"},"PeriodicalIF":0.0,"publicationDate":"2001-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0167-2231(01)00061-6","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75005710","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 44
The rise and fall of the factory system: technology, firms, and households since the industrial revolution A comment 工厂制度的兴衰:工业革命以来的技术、企业和家庭评论
Carnegie-Rochester Conference Series on Public Policy Pub Date : 2001-12-01 DOI: 10.1016/S0167-2231(01)80002-6
John McDermott
{"title":"The rise and fall of the factory system: technology, firms, and households since the industrial revolution A comment","authors":"John McDermott","doi":"10.1016/S0167-2231(01)80002-6","DOIUrl":"https://doi.org/10.1016/S0167-2231(01)80002-6","url":null,"abstract":"","PeriodicalId":100218,"journal":{"name":"Carnegie-Rochester Conference Series on Public Policy","volume":"55 1","pages":"Pages 47-54"},"PeriodicalIF":0.0,"publicationDate":"2001-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0167-2231(01)80002-6","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136835022","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The rise and fall of the factory system: technology, firms, and households since the industrial revolution A comment 工厂制度的兴衰:工业革命以来的技术、企业和家庭评论
Carnegie-Rochester Conference Series on Public Policy Pub Date : 2001-12-01 DOI: 10.1016/S0167-2231(01)00050-1
J. Mcdermott
{"title":"The rise and fall of the factory system: technology, firms, and households since the industrial revolution A comment","authors":"J. Mcdermott","doi":"10.1016/S0167-2231(01)00050-1","DOIUrl":"https://doi.org/10.1016/S0167-2231(01)00050-1","url":null,"abstract":"","PeriodicalId":100218,"journal":{"name":"Carnegie-Rochester Conference Series on Public Policy","volume":"1 1","pages":"1-45"},"PeriodicalIF":0.0,"publicationDate":"2001-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88845265","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 59
The rise and fall of the factory system: technology, firms, and households since the industrial revolution 工厂制度的兴衰:工业革命以来的技术、企业和家庭
Carnegie-Rochester Conference Series on Public Policy Pub Date : 2001-12-01 DOI: 10.1016/S0167-2231(01)00050-1
Joel Mokyr
{"title":"The rise and fall of the factory system: technology, firms, and households since the industrial revolution","authors":"Joel Mokyr","doi":"10.1016/S0167-2231(01)00050-1","DOIUrl":"https://doi.org/10.1016/S0167-2231(01)00050-1","url":null,"abstract":"<div><p>The factory system, which arose with the British Industrial Revolution, was responsible for bringing about the separation of the location of consumption (the household) and that of production (the plant or office). This separation has had large effects on economic welfare. The reasons behind the emergence of the factory system are analyzed here, and a new interpretation is proposed, based on the need to divide up the growing knowledge base of production in an age of technological advances. The possibilities and implications of telecommuting as a reversal of this trend are examined.</p></div>","PeriodicalId":100218,"journal":{"name":"Carnegie-Rochester Conference Series on Public Policy","volume":"55 1","pages":"Pages 1-45"},"PeriodicalIF":0.0,"publicationDate":"2001-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0167-2231(01)00050-1","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"92077233","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 59
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