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In this paper, we seek to estimate the sacrifice ratio of the euro area using a small DSGE model where prices and wages are sticky. We estimate model's parameters so as to minimize the distance between VAR-based and model-based covariances of a set of variables. The estimated value of the...
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accounting breakdown and runs Philips-Sul (2007) convergence tests over GDP per capita and its main components. These components … over the period, from the UK until WWI to the US since WWII; iv) There is an overall convergence process among advanced … countries, mainly after WWII, relying mostly on capital intensity convergence and then on TFP convergence, while evolutions in …
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In order to examine innovation diffusion and convergence processes, we study productivity trends, trend breaks and … reasons, also a Norwegian, Dutch and French one at least for some years at the end of the XXth century. The convergence …
Persistent link: https://www.econbiz.de/10010815951
productive. The formers’ convergence could therefore constitute an important part of productivity growth at the macroeconomic … level. This article sheds light on this convergence process in the 1990s and the 2000s in France and on some of the factors … which can explain it. Productivity convergence was stronger for labour productivity than for total factor productivity. But …
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