Publication:
Boosting Productivity via Innovation and Adoption of New Technologies : Any Role for Labor Market Institutions?

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dc.contributor.authorScarpetta, Stefano
dc.contributor.authorTressel, Thierry
dc.date.accessioned2013-08-01T19:54:35Z
dc.date.available2013-08-01T19:54:35Z
dc.date.issued2004-04
dc.description.abstractThe 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/2004/04/3227079/boosting-productivity-innovation-adoption-new-technologies-role-labor-market-institutions
dc.identifier.doi10.1596/1813-9450-3273
dc.identifier.urihttps://hdl.handle.net/10986/14748
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, D.C.
dc.relation.ispartofseriesPolicy Research Working Paper;No.3273
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectBASE YEAR
dc.subjectBUSINESS CYCLES
dc.subjectCAPITAL STOCK
dc.subjectCAPITAL-LABOR
dc.subjectCAPITAL-LABOR RATIO
dc.subjectCLIMATE
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCONSTANT RETURNS
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectCONSUMERS
dc.subjectCOUNTRY COMPARISONS
dc.subjectDECREASING RETURNS
dc.subjectDETERMINANTS OF GROWTH
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIES OF SCALE
dc.subjectECONOMISTS
dc.subjectELASTICITY
dc.subjectEMPIRICAL ANALYSIS
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPLOYMENT
dc.subjectEQUILIBRIUM
dc.subjectEQUILIBRIUM LEVEL
dc.subjectEXPECTED RETURNS
dc.subjectFACTORS OF PRODUCTION
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGROWTH LITERATURE
dc.subjectGROWTH MODEL
dc.subjectGROWTH MODELS
dc.subjectGROWTH PATH
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH RATES
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN DEVELOPMENT
dc.subjectINCENTIVES TO SAVE
dc.subjectINCOME
dc.subjectINDUSTRIAL ECONOMIES
dc.subjectINNOVATION
dc.subjectINVENTORY
dc.subjectLABOR COSTS
dc.subjectLABOR FORCE
dc.subjectLABOR INPUT
dc.subjectLABOR PRODUCTIVITY
dc.subjectLAWS
dc.subjectLEGISLATION
dc.subjectMACROECONOMIC SHOCKS
dc.subjectMARGINAL COST
dc.subjectMARGINAL COSTS
dc.subjectMARGINAL PRODUCT
dc.subjectMARKET POWER
dc.subjectOLDER PEOPLE
dc.subjectOVERLAPPING GENERATIONS MODEL
dc.subjectPENALTIES
dc.subjectPERFECT COMPETITION
dc.subjectPOLICY MAKERS
dc.subjectPRICE LEVELS
dc.subjectPRODUCT DIFFERENTIATION
dc.subjectPRODUCT MARKETS
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTION PROCESS
dc.subjectPRODUCTION PROCESSES
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPURCHASING POWER
dc.subjectRELATIVE PRICES
dc.subjectROLE OF INNOVATION
dc.subjectSAVINGS
dc.subjectSHARE OF LABOR
dc.subjectSUNK COSTS
dc.subjectTECHNICAL CHANGE
dc.subjectTECHNICAL PROGRESS
dc.subjectTECHNOLOGICAL FACTORS
dc.subjectTECHNOLOGICAL PROGRESS
dc.subjectTECHNOLOGY ADOPTION
dc.subjectTIME SERIES
dc.subjectTOTAL COSTS
dc.subjectTRADE UNIONS
dc.subjectWAGES
dc.subjectWORKERS PRODUCTIVITY GROWTH
dc.subjectINNOVATION IN BUSINESS
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectTECHNOLOGICAL INNOVATIONS
dc.subjectLABOR MARKET NEXUS
dc.subjectFACTOR PRODUCTIVITY
dc.subjectHUMAN CAPITAL FORMATION
dc.subjectRESEARCH & DEVELOPMENT
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectLABOR COSTS
dc.subjectMANUFACTURING SECTOR
dc.subjectINDUSTRIALIZED SOCIETIES
dc.subjectTECHNOLOGICAL CAPACITY
dc.subjectRATE OF RETURN
dc.subjectADJUSTMENT COSTS
dc.subjectEMPLOYMENT POLICIES
dc.subjectON THE JOB TRAINING
dc.subjectWAGE CONTROLS
dc.titleBoosting Productivity via Innovation and Adoption of New Technologies : Any Role for Labor Market Institutions?en
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleBoosting Productivity via Innovation and Adoption of New Technologies: Any Role for Labor Market Institutions?
okr.date.doiregistration2025-04-10T09:35:36.090349Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2004/04/3227079/boosting-productivity-innovation-adoption-new-technologies-role-labor-market-institutions
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeHealth, Nutrition, and Population
okr.guid894881468781802076
okr.identifier.doi10.1596/1813-9450-3273
okr.identifier.externaldocumentum000012009_20040422111709
okr.identifier.internaldocumentum3227079
okr.identifier.reportWPS3273
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2004/04/22/000012009_20040422111709/Rendered/PDF/WPS3273.pdfen
okr.themeHuman development
okr.themeSocial protection and risk management
okr.themeSocial protection and risk management :: Other social protection and risk management
okr.themeHuman development :: Other human development
okr.topicEconomic Theory and Research
okr.topicHealth Monitoring and Evaluation
okr.topicBanks and Banking Reform
okr.topicEnvironmental Economics and Policies
okr.topicSocial Protections and Labor::Labor Policies
okr.topicHealth, Nutrition and Population::Public Health Promotion
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.unitOff of Sr VP Dev Econ/Chief Econ (DECVP)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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