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accounts of profit inflation, wherein U.S. firms' market power allowed them to maintain - and, for some firms, increase - their …
Persistent link: https://www.econbiz.de/10015057213
In this paper, we argue that fundamental reforms of the Swedish business sector can explain the remarkable productivity … and employment growth that followed the deep economic crisis in Sweden in the early 1990s. In the 1970s and 1980s, Sweden … had one of the most regulated business sectors in the developed world. In the 1990s, however, Sweden reformed its labour …
Persistent link: https://www.econbiz.de/10011343029
How can a country improve the productivity growth in its business sector and reach its growth potential? Sweden during … sector. In the 1990s, Sweden implemented a reform package that ignited a successful reorganization of a business sector that … of Sweden's reforms. We also discuss how the reform experience from a developed country such as Sweden can be useful for …
Persistent link: https://www.econbiz.de/10012002862
This paper elaborates on the relative importance of sectoral shocks for real economic activity in Germany. Implications of multisectoral real business cycle models are examined by resorting to testing techniques based on stock market returns. The empirical evidence is obtained by calculating...
Persistent link: https://www.econbiz.de/10011476130
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This paper studies the effect of a local sectoral productivity shock on subnational structural transformation. The … 2013 for Ghana. Based on the data, the analysis confirms the occurrence of a mining productivity shock. Between 2004 and … than in the north of the country. The findings show that the mining productivity shock led to growing regional (north …
Persistent link: https://www.econbiz.de/10014578906
This paper presents a multisector dynamic general equilibrium model of business cycles with a distinctive feature: aggregate fluctuations are driven by independent sectoral shocks. The model hypothesizes that trade among sectors provides a strong synchronization mechanism for these shocks due to...
Persistent link: https://www.econbiz.de/10014187470
avoid the negative potential growth differentials by 2020-23. Total factor productivity was insufficient to avoid a … permanent slowdown that had become more severe with each shock. Additionally, labor declined in response to decelerating …
Persistent link: https://www.econbiz.de/10015073301