I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and nonlinear hiring costs to … analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest … raises growth of technology, labor productivity and real wages. I show, however, that a slowdown in productivity and …

Various econometric specifications and levels of data aggregation have yielded different results for labor productivity … productivity convergence across Canadian provinces by incorporating a spatial lag in a standard empirical specification of a … neoclassical growth model. We show that ignoring spatial effects yields a significantly slower speed of labor productivity …

Various econometric specifications and levels of data aggregation have yielded different results for labor productivity … productivity convergence across Canadian provinces by incorporating a spatial lag in a standard empirical specification of a … neoclassical growth model. We show that ignoring spatial effects yields a significantly slower speed of labor productivity …

expensive and innovation investments that increase labor productivity are more profitable. We incorporate this channel in a new …

This paper evaluates the implications for employment, productivity and wages of allowing for more flexibility in weekly … in productivity. In the work sharing scenario, the increase in employment (1.86%) comes at the expense of a lower … productivity increase (1.31%) and a decrease in weekly hours worked (4%). Finally, the full flexibility scenario preserves …

The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …