Knowledge, Inequality and Growth in the New Economy

Knowledge, Inequality and Growth in the New Economy

By: Richard Nahuis (author)Hardback

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Description

Richard Nahuis explores and combines the seemingly separate phenomena of wage inequality between high-skilled and low-skilled workers and the relatively low productivity growth experienced by most countries. The author provides a number of alternative theories for the increase in wage inequality as a result of new technologies, combined with an extensive review of the associated literature. He then goes on to detail the technological revolution, describe why this does not necessarily result in high productivity growth and outline the best methods to measure productivity in the new economy.

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Contents

Part 1 Introduction: knowledge and economic growth - general introduction and outline; on technology, trade and wage inequality - a survey. Part 2 Theory: a GPT in a research and assimilation model - exploring wage dynamics (I); we don't see what we learn - the Solow residual, a GPT and inquality; vested interests and resistance - adopting a general purpose technology; the skill premium and appropriability - exploring wage dynamics (II); specific technology, variety, spillovers and welfare. Part 3 Empirical applications: economic development and trade in the world economy - introducing WorldScan; openness, growth and R&D spillovers - an R&D-amended version of WorldScan.

Product Details

  • publication date: 19/12/2003
  • ISBN13: 9781843763239
  • Format: Hardback
  • Number Of Pages: 304
  • ID: 9781843763239
  • weight: 726
  • ISBN10: 1843763230

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