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still treated as exogenous. In practice, however, both the growth of the labour force and the growth of labour productivity …In mainstream growth theory, including endogenous growth theory, the naturalrate of growth as defined by Harrod, is … natural growth rates. It also has serious implications for the way in which the growth process is viewed: whether from the …
Persistent link: https://www.econbiz.de/10010854304
. In this article, as part of the symposium on total factor productivity, Timothy C. Sargent and Edgard R. Rodriquez of … Finance Canada discuss the issue of the choice between labour and total factor productivity. They conclude that both measures … have uses. For periods of less than a decade, labour productivity is the preferred measure, but for longer periods total …
Persistent link: https://www.econbiz.de/10005650242
The purpose of this paper is to estimate total factor productivity growth by sector of activity for the Chilean economy …
Persistent link: https://www.econbiz.de/10005510062
possibility of decreasing growth rates over time within each country (or geographical unit). We also show how the possible bias in …
Persistent link: https://www.econbiz.de/10010326113
pollution intensity. Countries' growth rates are determined endogenously, and abatement efficiency is improved by technical …
Persistent link: https://www.econbiz.de/10011985379
In recent years, the role attached to the autonomous components of aggregate demand has attracted rising attention, as testified by the development of the Sraffian Supermulti plier model (SSM) and the attempts to include autonomous demand in the Neo-Kaleckian model. This paper reviews and...
Persistent link: https://www.econbiz.de/10011997037
This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 … capital on economic growth. And second, the contribution of immigrants to human capital accumulation tends to dominate the …
Persistent link: https://www.econbiz.de/10010481589
capital on GDP per capita, and second, a permanent increase in migration ows has a positive effect on productivity growth …This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 …. However, the growth impact of immigration is small even in countries that have highly selective migration policies. …
Persistent link: https://www.econbiz.de/10010531867
capital on GDP per capita, and second, a permanent increase in migration ows has a positive effect on productivity growth …This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 …. However, the growth impact of immigration is small even in countries that have highly selective migration policies. …
Persistent link: https://www.econbiz.de/10010533072
In recent years, the role attached to the autonomous components of aggregate demand has attracted rising attention, as testified by the development of the Sraffian Supermulti plier model (SSM) and the attempts to include autonomous demand in the Neo-Kaleckian model. This paper reviews and...
Persistent link: https://www.econbiz.de/10011984077