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reconcile the conflicting primal and dual estimates of productivity growth over the period. …
Persistent link: https://www.econbiz.de/10011249371
Japan which lowered the cost of passenger travel but left shipping costs unchanged. Using an exhaustive dataset on firms …
Persistent link: https://www.econbiz.de/10011262884
-size distribution? Do they affect individual city sizes? Do they contribute to the productivity advantage of large cities and the nature …
Persistent link: https://www.econbiz.de/10009322503
productivity in the generation segment of the industry. Controlling explicitly for sources of price-heterogeneity across firms and …
Persistent link: https://www.econbiz.de/10009385757
The paper presents new stylized facts on the direction of capital flows. We find (i) international capital flows net of government debt and/or official aid are positively correlated with growth; (ii) sovereign debt flows are negatively correlated with growth only if debt is financed by another...
Persistent link: https://www.econbiz.de/10009364326
The literature has shown that the implied welfare gains from international financial integration are very small. We revisit the existing findings and document that welfare gains can be substantial if capital goods are not perfect substitutes. We use a model of optimal savings that includes a...
Persistent link: https://www.econbiz.de/10009364327
We investigate the roles of productivity and the specificity of inputs for the international sourcing strategy of firms … transaction. The dataset also provides information to estimate the firms' productivity and their intensity in relationship …
Persistent link: https://www.econbiz.de/10009365648
In this paper I review the contribution of real business cycles models to our understanding of economic fluctuations, and discuss open issues in business cycle research.
Persistent link: https://www.econbiz.de/10005662231
relationship between firm age and employee compensation as well as firm age and firm productivity suggest that there may be at …
Persistent link: https://www.econbiz.de/10005662285
accompanying revival of productivity growth, directly contributed both to faster output growth and to holding down the inflation … permanent sources of American advantage over Europe and Japan, most notably the mixed system of government- and privately … the United States, they did not prevent the US from experiencing a dismal period of slow productivity growth between 1972 …
Persistent link: https://www.econbiz.de/10005666412