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China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
from low income economies. However, a rapid catch-up in productivity and wages in these traditional source countries vis …
Persistent link: https://www.econbiz.de/10011276967
market play for productivity and firm dynamics. It exploits a new firm-level database for ten OECD countries and industry … and labour markets. Aggregate productivity patterns are largely the result of within-firm performance. But, the … play an important role. Industry productivity performance is negatively affected by strict product market regulations …
Persistent link: https://www.econbiz.de/10005045611
the case of Japan the gap in GDP per capita is essentially due to the lagging performance in labour productivity, the …
Persistent link: https://www.econbiz.de/10005045617
reduce productivity growth by reducing entrepreneurial activity. While the paper focuses on how taxes affect growth, it …
Persistent link: https://www.econbiz.de/10005045631
This paper surveys recent empirical studies exploring aggregate productivity growth based on firm dynamics, focusing on … micro-data from OECD countries. Aggregate productivity growth can be analysed as a sum of two separate processes. <I …>i</I>) Changes in productivity in individual firms at a given size (relative to market). And, <I>ii</I>) a reallocation process due …
Persistent link: https://www.econbiz.de/10005045691
This paper examines the recent literature on economic growth with a focus on policy issues and evidence relevant to OECD countries. The review begins with an overview of developments in the theory of economic growth and also comments generally on the nature of evidence exploring the influences...
Persistent link: https://www.econbiz.de/10005045750
This Working Paper looks at structural policies which would improve Greece’s long-term economic performance and help speed economic and social convergence with average European Union member countries. It focuses on a number of key areas which are particularly important for rapid growth as they...
Persistent link: https://www.econbiz.de/10005045774
to developments in labour productivity - allowing for human capital accumulation – and multifactor productivity (MFP …
Persistent link: https://www.econbiz.de/10005045776
Key indicators show Germany belonging to the countries in the OECD with strong innovation activity even though some weakening in Germany’s position relative to other OECD countries has occurred recently. While the redirection of resources towards unification-related spending as well as low...
Persistent link: https://www.econbiz.de/10005045785