centuries; and d) the productivity slowdown. …

to the hypothesis that leverage positively affects productivity growth but only below an endogenously determined …

, changes in the structure of employment can raise aggregate productivity. The models in the paper incorporate this effect in a … that the reallocation of labour makes a significant contribution to the international variation in productivity growth. …

productivity growth in the US economy can be attributed to a technological acceleration within durable manufacturing and to …-factor productivity in the 88% of the economy outside of durable manufacturing. In comparison with the Great Inventions of 1860-1900, the …

This paper assesses the ‘one big wave’ in multi-factor productivity (MFP) growth for the United States since 1870. The … boosting productivity growth, followed by a reopening that contributed to the post-1972 productivity slowdown. …

capita income, whereas its labour productivity level -- notably in manufacturing -- remained relatively high. The Dutch …

As a result of debt enforcement problems, many high-productivity firms in emerging economies are unable to pledge … additional resources that flow to high-productivity firms after the reforms. We show that some of these resources do not come … from abroad, but instead from domestic low-productivity firms that are driven out of business as a result of the reforms …

leading to poor productivity performance are the most plausible explanation of Britain's relative decline. It is argued both …

productivity catch-up is rejected. A number of potential `ultimate' causes behind the slowdown are explored. An increasingly …