Lessons and insights from the global productivity slowdown: A research management agenda

Callaghan, Chris William

doi:10.1080/20421338.2021.1945775

Cited by 6 publications

(6 citation statements)

References 28 publications

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“…It recalls the longstanding Solow Paradox, whereby, according to Solow himself in the late 1980s, you "can see the computer age everywhere but in the productivity statistics". 20,27 This failure seems well documented [28][29][30][31][32][33] , and also seems to be related to what Jones 28 describes as a 'burden of knowledge' effect, analogous to Romer's own description of a 'fishing out' effect in research. The argument here is that science -the research process itself, and theoretical models featured in discussions deemed worthy enough to earn their theorists Nobel awards -seem to underlie predictions of the fundamental trajectory of technological change.…”

Section: Wordsmentioning

confidence: 94%

Revisiting how scientific research drives technological change: The Fifth Industrial Revolution

Callaghan

2023

S. Afr. J. Sci.

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Moll, Marwala, and Ntlatlapa highlight salient criticisms of terminologies and definitional uncertainties associated with the term ‘Fourth Industrial Revolution’ (4IR). Scientific research on technological change seems to suggest a need for theoretical synthesis to address a failure of 4IR notions to consider the central role of a revolution in the scientific/knowledge creation process itself – that is seemingly a causal driver of current technological and societal changes. The term ‘Fifth Industrial Revolution’ might helpfully be used to differentiate 4IR debates from those deriving from revolutionary changes in science itself that may underlie our current trajectory of technological change.

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Section: Wordsmentioning

confidence: 94%

Revisiting how scientific research drives technological change: The Fifth Industrial Revolution

Callaghan

2023

S. Afr. J. Sci.

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“…Using provincial and firm data from China from 2009 to 2018, technological innovations positively influenced the regional economic growth and the profitability of enterprises. Examining a country’s gross domestic product from patent data, Ye et al (2022) reported that network centralities were positively associated with GDP and GDP per capita, predicting higher economic growth. Although patent data may reveal economic growth, no conclusive evidence shows this is the case in developing economies.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Researchers have associated innovation with improved productivity and organizational competitiveness (Hermundsdottir & Aspelund, 2021; Rambe & Khaola, 2023). In recent years, the role of innovation and new technology has grown significantly due to secular improvement in science and favorable public policy for funding research and development (R&D) (Archibugi et al, 2019; Callaghan, 2022). Large economies, such as the United States, Germany, and Japan, have leveraged innovation and, as a result, have become leaders in knowledge-based products, transforming new ideas into economic solutions and opportunities (Robertson et al, 2023).…”

Section: Introductionmentioning

confidence: 99%

It Is Our Turn to Innovate: Innovation as the Engine of Economic Prosperity in South America

Rodas

2024

Journal of Developing Societies

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The pivotal role of innovation in fostering economic growth is widely acknowledged, with a growing consensus emphasizing its correlation with elevated productivity levels and enhanced competitiveness. Yet, there is limited research exploring potential factors that could boost the positive effects of innovation. This study addressed this fundamental gap in the literature by exploring whether financial development factors (private credit, bank assets, and interest rate) significantly moderate the effect of innovation on GDP and GDP per capita in South America—a region where this topic has not been widely studied with data on patents and economic growth. Using regression analysis with panel data from 10 South American countries, this study presents empirical evidence that suggests that policies in the region should promote strategic collaborations between governments and financial institutions such as banks with the aim of creating an environment that allows researchers to increase innovation outcomes and that rewards firms and entrepreneurs for innovating and adopting new technologies. Moreover, the findings of this article underscore that it is imperative that South America allocates more resources to innovation, recognizing it as the driving force to fuel economic growth.

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“…On the diametrical side, some scholars question the internet's role in achieving an inclusive growth agenda. For a long time in developed countries, the rapid expansion of the internet has been accompanied by the emergence of a period of secular stagnation, declining total factor productivity (TFP), and increasing divergence (Acemoglu, Autor, Dorn, Hanson & Price, 2014;Salemink, Strijker & Bosworth, 2017;Benzell & Brynjolfsson, 2019;Callaghan, 2021;Cette, Devillard & Spiezia, 2022). This phenomenon is known as the "Productivity Paradox" (Brynjolfsson, 1993), and it serves as the foundation for subsequent research on the counterproductive association between digitization and well-being.…”

Section: Linking Internet Penetration With Inclusive Growthmentioning

confidence: 99%

Less Inclusive Growth in Indonesia? The Unintended Consequences of Internet Penetration

Jamil

2022

JEBIK

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Separate studies on the impact of internet penetration on growth and per capita income levels, inequality, and poverty levels are still being discussed. Using data from 33 Indonesian provinces between 2008 and 2020, this paper investigates whether internet penetration modulates economic growth by reducing inequality and poverty. The Two-Way Fixed Effect (TWFE) econometric model was used. Two findings can be concluded from this paper. First, Indonesia's economic growth remains less inclusive, as evidenced by rising per capita income, which tends to reduce poverty but not income inequality. Second, Indonesia's economic growth tends to be less inclusive as an unintended consequence of internet penetration. Although it strengthens the effect on poverty reduction, on the other hand, the interaction of economic growth with internet penetration tends to exacerbate income inequality. Based on these findings, the study suggests that the government should improve advanced ICT skills and lower barriers to internet adoption, particularly for the less fortunate. The internet is expected to become a tool to achieve inclusive growth through expanding a newly established middle class instead of simply the economic transformation of the poor into non-poor households under this policy.

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Lessons and insights from the global productivity slowdown: A research management agenda

Cited by 6 publications

References 28 publications

Revisiting how scientific research drives technological change: The Fifth Industrial Revolution

Revisiting how scientific research drives technological change: The Fifth Industrial Revolution

It Is Our Turn to Innovate: Innovation as the Engine of Economic Prosperity in South America

Less Inclusive Growth in Indonesia? The Unintended Consequences of Internet Penetration

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