Showing 1 - 10 of 64
Persistent link: https://www.econbiz.de/10003655859
On the basis of a comparative growth analysis of ten major industrial countries, it is shown that the productivity … aggregated manufacturing sector of the ten economies this explains on average about 60% of the productivity slowdown. A more … aggregate business sector and a partial view of labour productivity growth in the service industries of these economies. The …
Persistent link: https://www.econbiz.de/10012478165
Average wage growth is closely related to aggregate productivity growth across countries and within countries over time …. The commonality of patterns across OECD countries suggests that common factors are at work. Are productivity …-biased technological change or other factors? To answer this, it is necessary to observe education-specific productivity growth. Cross …
Persistent link: https://www.econbiz.de/10012480371
endogenous firm entry, firm-level productivity, and sectoral employment shares. We find that observed measures of misallocation …
Persistent link: https://www.econbiz.de/10012480621
We study how cross-country macroeconomic spillovers caused by sovereign default affect equilibrium bailouts. Because of portfolio diversification, the default of one country causes a macroeconomic contraction also in other countries. This generates a self-interest for these other countries to...
Persistent link: https://www.econbiz.de/10012480664
, to economically and statistically significant declines in domestic output and productivity. Tariff increases also result …. The effects on output and productivity tend to be magnified when tariffs rise during expansions, for advanced economies …
Persistent link: https://www.econbiz.de/10012481049
of climate change on sectoral reallocation and aggregate productivity. First, I use firm-level data from a wide range of … countries to estimate the effect of temperature on productivity in manufacturing and services. Estimates suggest that extreme … heat reduces non-agricultural productivity, but less so than in agriculture, implying that hot countries could adapt to …
Persistent link: https://www.econbiz.de/10012481491
We measure the contribution of firm-embedded productivity to cross-country income differences. By firm …-embedded productivity we refer to the components of productivity that differ across firms and that can be transferred internationally, such … face less competition in less-developed countries, suggesting that firm-embedded productivity in those countries is scarce …
Persistent link: https://www.econbiz.de/10012482135
Economic demographers have long analyzed fertility cycles. This paper builds a foundation for these cycles in a model of fertility choice with dynastic altruism and aggregate shocks. It is shown that under reasonable parameter values, fertility is pro-cyclical and that, following a shock,...
Persistent link: https://www.econbiz.de/10012462061
This paper builds a theory of the distribution of TFP across countries. The theory is based on the hypothesis that TFP improvements in a given country follow a Nelson-Phelps specification: they derive from past investments in the country itself and, through a spillover term, from past...
Persistent link: https://www.econbiz.de/10012462281