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The United States spends twice as much per person on pharmaceuticals as European countries, in large part because prices are much higher in the US. This fact has led policymakers to consider legislation for price controls. This paper assesses the effects of a US international reference pricing...
Persistent link: https://www.econbiz.de/10013210081
-factor productivity (MFP) growth for the United States since 1870. The wave-like pattern starts with slow MFP growth in the late 19th …, there is no solution to the post-1972 productivity slowdown, and in the new data MFP growth during 1972-96 proceeds at a … boosting productivity growth, followed by a reopening that contributed to the post-1972 productivity slowdown …
Persistent link: https://www.econbiz.de/10012470998
examine counterfactuals to assess the impact of various global shifts on productivity, plant entry and exit, and labor … productivity. Our model extends basic Ricardian theory to accommodate many countries, geographic barriers, and imperfect … explain basic facts about U.S. plants: (i) productivity dispersion, (ii) the productivity advantage of exporters, (iii) the …
Persistent link: https://www.econbiz.de/10012471073
west German per capita level, and convergence seems to have come to a halt at an overall labor productivity of only 55% of …
Persistent link: https://www.econbiz.de/10012471183
. Although we find that direct reforms improve medical productivity primarily by reducing malpractice claims rates and …
Persistent link: https://www.econbiz.de/10012471241
-producing country such as the U.S. is associated with a 0.15% lower level of productivity. Second, technological knowledge has become … more global over the sample period. As a determinant of productivity, foreign R&D has significantly gained in importance …
Persistent link: https://www.econbiz.de/10012471267
effect of spillovers on research productivity of firms exceeds the structural effect because it includes an active learning …
Persistent link: https://www.econbiz.de/10012471292
relationship between workplace innovations and establishment productivity and wages. We match plant level practices with plant … level productivity and wage outcomes and estimate production functions and wage equation using both cross sectional and … productivity of establishments. We find that firms that re-engineer their workplaces to incorporate more high performance practices …
Persistent link: https://www.econbiz.de/10012471297
Economists have long recognized that total factor productivity is an important factor in the process of economic growth … assumptions. Total factor productivity growth is estimated as a residual, using index number techniques. It is thus a measure of … than commission. A New Economy critique of productivity points to unmeasured gains in product quality, while an …
Persistent link: https://www.econbiz.de/10012471305
wages and productivity across establishments. The second is that the increased dispersion in wages and productivity across … productivity dispersion have increased substantially over the last few decades, and (4) a substantial fraction of the rising … dispersion in wages and productivity is accounted for by increasing wage and productivity differentials across high and low …
Persistent link: https://www.econbiz.de/10012471311