typicallyproceed along two distinct paths, resorting either to the presence of real shocks suchas productivity differentials that drive …

We reappraise the relationship between productivity and equilibrium real exchangerates using a panel estimation … ofnon-traded, as well as traded, sector productivity shocks in exchange ratedetermination. We find evidence of significant … correlation between real exchangerates and productivity differentials in both sectors. But our finding of a significant rolefor …

and productivity change; when expenditure on consumer durables is recorded as capital investment. The capitalization of … consumer durables impacts both the levels and growth rates of the capital stock, productivity and GDP. Our growth accounting … productivity growth in 1995-2004. ICT's impacts were larger, i.e., one-fifth of GVA growth and one-sixth of labour productivity …

We reappraise the relationship between productivity and equilibrium real exchange rates using a panel estimation … role of non-traded, as well as traded, sector productivity shocks in exchange rate determination. We find evidence of … significant correlation between real exchange rates and productivity differentials in both sectors. But our finding of a …

persistence typically proceed along two distinct paths, resorting either to the presence of real shocks such as productivity …

Deficits" discussion of the 1980s. In contrast, during the 1990s productivity growth has been identified as the primary cause … importance of budget deficits and productivity shocks for the determination of the current account. Using a sample of 21 OECD … current account, while country-specific productivity shocks appear to play a key role. JEL Classification: E62, F32, F41 …

between financial efficiency and economic performance. The empirical evidence hint that in underdeveloped and emerging … raising total-factor-productivity. JEL Classification: G00, O00 …

productivity convergence among euro area countries. While no convergence can be found on the aggregate level, selected service … sectors and manufacturing sub-industries indicate evidence of convergence. In a search for factors influencing productivity …

in export shares can be associated with a declining share of world income, suggesting that the dismal performance of the …

country institu- tional characteristics, as well as to the performance of a¢ liates across business groups. Conditional on … complexity and productivity which dominates the already known correlation between vertical integration and productivity. Results …