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high regional disparities, varying with the sector. We also find diverse combinations in productivity and unit price of …
Persistent link: https://www.econbiz.de/10005125734
industry in most cases, however, has displayed stagnating productivity growth, in some periods even a fall in productivity …. Does this fast-growing industry with a bad productivity record present a threat to aggregate productivity growth and, hence … its own stagnating productivity growth. Moreover, the industry has not yet exhausted opportunities for tackling existing X …
Persistent link: https://www.econbiz.de/10005412877
high regional disparities, varying with the sector. We also find diverse combinations in productivity and unit price of …
Persistent link: https://www.econbiz.de/10005556182
raising labour force participation and productivity can partly offset the impacts of an ageing population. These would enhance …
Persistent link: https://www.econbiz.de/10005556842
Mismeasurement of inflation is likely to be more severe in a transition economy than in a more stable environment. Reasonable estimates of the size of the inflationary bias in the Czech Republic suggest that conventionally reported declines in real output and living standards during the...
Persistent link: https://www.econbiz.de/10005126136
We find that the long-run equity premium is fully explained by GDP growth and that it is consistent with a short-term portfolio insurance motive. We first derive the macroeconomic equivalent of the standard sustainable growth formula to determine the long-run average return on stocks. The...
Persistent link: https://www.econbiz.de/10005413067
national innovation systems. The study also analyses the factors behind this industry's poor productivity growth. A scenario …
Persistent link: https://www.econbiz.de/10005134465
Young (1995) estimated Total Factor Productivity (TFP) growth for Hong Kong, Taiwan, Singapore and South Korea. He … period of 1978 to 1998. Similar to his claim for the four 'Asian Tigers', he concluded that 'the productivity performance of …
Persistent link: https://www.econbiz.de/10005062403
In this paper we propose an empirical model to decompose the evolution of the agricultural GDP share of Taiwan into three components: price changes, factor endowment changes and technological change. The full sample period is 1967 to 1997. The data were first tested to assess whether the time...
Persistent link: https://www.econbiz.de/10005407731
This study provides an empirical analysis of the extent to which ongoing technological change has offset the effect of ongoing depletion on the cost of finding additional reserves of natural gas. In the process, we develop a new index of technological change for exploration and development (E&D)...
Persistent link: https://www.econbiz.de/10005413271