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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 … productivity of firms at the frontier while discouraging the convergence of the least productive firms. …
Persistent link: https://www.econbiz.de/10005256474
three questions (a) What is the source of knowledge flows? (b) To what extent do such flows contribute to productivity …
Persistent link: https://www.econbiz.de/10005796134
misallocation. The fall in labour productivity is therefore likely to reverse if demand improves - e.g. through stronger monetary or …
Persistent link: https://www.econbiz.de/10010663542
Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro … positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects … for larger firms (e.g. over 150 employees). We also find the policy raises area level manufacturing employment mainly …
Persistent link: https://www.econbiz.de/10009649751
Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro … positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects … for larger firms (e.g. over 150 employees). We also find the policy raises area level manufacturing employment mainly …
Persistent link: https://www.econbiz.de/10010549054
geography. The same economic forces influence simulataneously growth, convergence, and spatial agglomeration and clustering …
Persistent link: https://www.econbiz.de/10005016794
This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has guided that empirical analysis. The paper argues that recent studies of economic growth û both empirical and theoretical û distinguish from previous work in three distinct...
Persistent link: https://www.econbiz.de/10005017002
capacity'). In this paper we document that there has been convergence of TFP within a panel of industries across thirteen OECD … productivity growth. …
Persistent link: https://www.econbiz.de/10005017079
that the very low unemployment in Europe in the 1960s was due to the high productivity growth associated with technological … catch-up. Productivity also played a role in the dynamics of hours but a full explanation for the fast rise of service … employment and the big fall in aggregate hours needs further research. Taxation has played a role but results are mixed. …
Persistent link: https://www.econbiz.de/10005150972
We study a multi-sector model of growth with differences in TFP growth rates across sectorsand derive sufficient conditions for the coexistence of a balanced aggregate growth path, withall aggregates growing at the same rate, and structural change, characterized by sectoral laborreallocation....
Persistent link: https://www.econbiz.de/10005016684