Search Results

You are looking at 1 - 7 of 7 items for :

  • "capital-intensity" x
  • Refine by Access: All Content x
Clear All

We argue that the information technology revolution has brought about the differentiation of secular capital-using and labour-saving direction of technical change. Based on the example of the US manufacturing industry, asset and sector specific differences in the bias of technical change are documented. While the clear ICT- and intangible capital-using bias of technical change is well-documented in the literature, this paper provides evidence for the non-ICT capital-saving bias of technical change in the fifth Kondratieff cycle. In the past decade the US manufacturing sector displayed a noticeable deceleration of capital accumulation and capital intensity increase, a trend that diverges from the one observed in the other two sectors of the economy: in agriculture and in services. Non-ICT capital-saving technical change provokes increasing divergence between the development strategies of technological followers (characterised by tangible investment-led growth, and increasing capital-output ratios), and of technological leaders (marked by increasing intangible capital-intensity and diminishing tangible capital-intensity).

Restricted access

In economics literature, a number of authors emphasize the need to study both domestic and foreign enterprises in order to properly grasp the effect of foreign direct investment on the local economy. Differences between foreign and domestic enterprises stem from the fact that multinational enterprises operate in a global network extending into many countries, which most certainly exerts influence on all aspects of their production activity. This paper presents a comparative analysis of performance of domestic and three types of foreign enterprises in Hungary. Total-factor pro- ductivity, factor intensity, wages, export intensity, profitability, as well as the effective rate of tax are examined by the combined tools of comparison, regression analysis and Wilcoxon test for data of the whole economy of Hungary. While foreign firms are found to contribute to the revitalization of the economy as far as capital intensity, productivity, export performance and level of wages are concerned, they do not yet seem to produce profitably.

Restricted access
Restricted access

Tavares, A. — Teixeira, A.C. (2005): Human Capital Intensity in Technology Based Firms Located in Portugal: Do Foreign Multinationals Make a Difference? Faculdade de Economia do Porto Working Papers , No. 187. van

Restricted access

occurred. However, Yanikkaya and Karaboga's (2017) findings on the impacts of incentives on sectoral labour productivity, capital intensity, employment, and total factor productivity in Turkey were inconclusive. The estimations show that while investment

Open access

/04/2020 . Cette , G. – Lopez , J. – Mairesse , J. ( 2016 ). Labour Market Regulations and Capital Intensity . NBER Working Papers 22603 . Colombo , G. ( 2010 ): Linking CGE and Microsimulation Models: A Comparison of Different Approaches

Open access

. Tsoulfidis , L. – Paitaridis , D. ( 2019 ): Capital Intensity, Unproductive Activities and the Great Recession in the US Economy . Cambridge Journal of Economics , 43 ( 3 ): 623 – 647 . Tsoulfidis , L. – Tsaliki , P. ( 2019 ): Classical

Restricted access