Boosting Productivity Via Innovation and Adoption of New Technologies
Boosting Productivity Via Innovation and Adoption of New Technologies

Author: Thierry Tressel

Publisher: World Bank Publications

Published: 2004

Total Pages: 31

ISBN-13:

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Scarpetta and Tressel present empirical evidence on the determinants of industry-level multifactor productivity growth. They focus on "traditional factors," including the process of technological catch up, human capital, and research and development (R & D), as well as institutional factors affecting labor adjustment costs. Their analysis is based on harmonized data for 17 manufacturing industries in 18 industrial economies over the past two decades. The disaggregated analysis reveals that the process of technological convergence takes place mainly in low-tech industries, while in high-tech industries, country leaders tend to pull ahead of the others. The link between R & D activity and productivity also depends on technological characteristics of the industries: while there is no evidence of R & D boosting productivity in low-tech industries, the effect is strong in high-tech industries, but the technology leaders tend to enjoy higher returns on R & D expenditure compared with followers. There is also evidence in the data that high labor adjustment costs (proxied by the strictness of employment protection legislation) can have a strong negative impact on productivity. In particular, when institutional settings do not allow wages or internal training to offset high hiring and firing costs, the latter reduce incentives for innovation and adoption of new technologies, and lead to lower productivity performance. Albeit drawn from the experience of industrial countries, this result may have relevant implications for many developing economies characterized by low relative wage flexibility and high labor adjustment costs. This paper--a joint product of the Social Protection Team, Human Development Network, World Bank, and the International Monetary Fund--is part of a larger effort to understand what drives productivity growth.

Boosting Productivity Via Innovation and Adoption of New Technologies
Boosting Productivity Via Innovation and Adoption of New Technologies

Author: Stefano Scarpetta

Publisher:

Published: 2013

Total Pages:

ISBN-13:

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The authors present empirical evidence on the determinants of industry-level multifactor productivity growth. They focus on "traditional factors," including the process of technological catch up, human capital, and research and development (R&D), as well as institutional factors affecting labor adjustment costs. Their analysis is based on harmonized data for 17 manufacturing industries in 18 industrial economies over the past two decades. The disaggregated analysis reveals that the process of technological convergence takes place mainly in low-tech industries, while in high-tech industries, country leaders tend to pull ahead of the others. The link between R&D activity and productivity also depends on technological characteristics of the industries: while there is no evidence of R&D boosting productivity in low-tech industries, the effect is strong in high-tech industries, but the technology leaders tend to enjoy higher returns on R&D expenditure compared with followers. There is also evidence in the data that high labor adjustment costs (proxied by the strictness of employment protection legislation) can have a strong negative impact on productivity. In particular, when institutional settings do not allow wages or internal training to offset high hiring and firing costs, the latter reduce incentives for innovation and adoption of new technologies, and lead to lower productivity performance. Albeit drawn from the experience of industrial countries, this result may have relevant implications for many developing economies characterized by low relative wage flexibility and high labor adjustment costs.

Securing Australia's Future
Securing Australia's Future

Author: Simon Torok

Publisher: CSIRO PUBLISHING

Published: 2017-05-29

Total Pages: 315

ISBN-13: 1486306713

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The future will bring change for Australia. But whether that change is for the better or worse largely depends on the decisions we make today as individuals and as a nation. Recognising rapid changes in the global economy, environment and policy, the Australian Government engaged the Australian Council of Learned Academies (ACOLA) to undertake detailed interdisciplinary research to help guide Australian thinking and policy decisions. Dozens of Australia’s finest minds assessed the opportunities available to the nation globally and domestically, charting a course for the future. The resulting findings can prepare Australia to address the challenges ahead and make the most of the opportunities. Securing Australia’s Future synthesises the major themes that emerge from ACOLA’s reports. Each chapter includes key findings designed to optimise Australia’s prosperity and place in the region. The future is a long game but its base must be built now. This book provides a vision for the nation, for its politicians, public servants and industry leaders – a sound footing for securing Australia’s future. It is a vital resource for Members of Federal and State parliaments, senior public servants, industry leaders, universities and the interested public.

Workplace Innovation
Workplace Innovation

Author: Peter Oeij

Publisher: Springer

Published: 2017-07-01

Total Pages: 413

ISBN-13: 3319563335

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This book focuses on workplace innovation, which is a key element in ensuring that organizations and the people within them can adapt to and engage in healthy, sustainable change. It features a collection of multi-level, multi-disciplinary contributions that combine theory, research and practical perspectives. In addition, the book presents new perspectives from a number of nations on policies with novel theoretical approaches to workplace innovation, as well as international case studies on the subject. These cases highlight the role of leadership, the relation between workplace innovation and well-being, as well as the do’s and don’ts of workplace innovation implementation. Whether you are an experienced workplace practitioner, manager, a policy-maker, unionist, or a student of workplace innovation, this book contains a range of tips, tools and international case studies to help the reader understand and implement workplace innovation.

Innovation Management and Growth in Emerging Economies
Innovation Management and Growth in Emerging Economies

Author: Webb, Heather C.

Publisher: IGI Global

Published: 2020-10-23

Total Pages: 288

ISBN-13: 1799841960

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Despite its economic impact, understanding what shaped emerging economies’ success seems to be a mystery. These complexities are compounded by fast moving technologies, such as the increased usage of artificial intelligence (AI) and the internet of things (IoT). These new technologies have a social impact, but it is how these impacts are developed and managed by people and companies that is significant. Similarly, it is important to investigate how the uncertainties and intangible factors are dealt with and how businesses can utilize innovative approaches to become adaptive in emerging market economies. Research is needed to determine how actors or businesses interact to shape and define either new institutions, new industries, or new innovation to meet the need of potential customers in emerging economies. Innovation Management and Growth in Emerging Economies explores how innovation from emerging economies is being developed through strategic choices and presents the benefits and the drawbacks, the processes, and the characteristics and management practices of both private and/or public organizations. The chapters identify the trends and approaches to innovation development as well as the strategies of adapting and converting threats and challenges into opportunities. The target audience of this book is composed of practitioners, policy influencers, course instructors, professionals, academicians, students, and researchers in the fields of business, administrative sciences, management, and economics.

Handbook of Innovation and Regulation
Handbook of Innovation and Regulation

Author: Pontus Braunerhjelm

Publisher: Edward Elgar Publishing

Published: 2023-12-11

Total Pages: 429

ISBN-13: 1800884478

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This comprehensive Handbook presents thoughtful analysis on how regulations can impact innovation within a number of regulatory fields and markets, and provides a greater understanding of regulatory complexity and the challenging task it presents for future research.