Showing 1 - 8 of 8
United States or Sweden. Nevertheless the contribution to the long run growth of labour productivity stemming from even the …
Persistent link: https://www.econbiz.de/10010884516
Studies of firm-level data have shown that there is a huge dispersion of productivity across firms even when industries … productive. The formers’ convergence could therefore constitute an important part of productivity growth at the macroeconomic … which can explain it. Productivity convergence was stronger for labour productivity than for total factor productivity. But …
Persistent link: https://www.econbiz.de/10010744856
We use a new industry-level dataset to quantify the role of ICT in explaining productivity growth in the UK, 1970 … productivity growth in the market sector. Econometric evidence also supports an important role for ICT. We also find econometric …
Persistent link: https://www.econbiz.de/10010745929
To analyse the consequences of the changing economic structure of the UK, we need a set of statistics broken down by industry that are consistent with the whole economy measures available from the national accounts. The theory of growth accounting then provides a framework in which the...
Persistent link: https://www.econbiz.de/10010746112
The productivity performance of the UK economy in the period 1990-2007 was excellent. Based entirely on pre-crisis data … discuss a wide range of hypotheses which seek to explain the productivity collapse, including the impact of austerity. Most of … financial crises, particularly banking crises, on productivity, capital, TFP and employment. Based on a cross-country panel …
Persistent link: https://www.econbiz.de/10011126541
productivity in the UK while leaving the long run growth rate unaffected. Based entirely on pre-crisis data, and using a two …
Persistent link: https://www.econbiz.de/10011126620
The behaviour of labour productivity in the United Kingdom since the onset of the recessionin early 2008 constitutes a … crisis to have both a short-run effect on the growth rate of labour productivity and along-run effect on its level is … on average reduces theshort-run growth rate of labour productivity by between 0.6 and 0.7 per year and thelong-run level …
Persistent link: https://www.econbiz.de/10011071174
This paper sets out a general algorithm for calculating true cost-of-living indices or true producer price indices when demand is not homothetic, i.e. when not all expenditure elasticities are equal to one. In principle, economic theory tells us how we should calculate a true cost-of-living...
Persistent link: https://www.econbiz.de/10011071515