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 …

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 …

complexity and productivity which dominates the already known correlation between vertical integration and productivity. Results …

Between 2003 and 2008 productivity patterns diverged between the fast growing, newest members of the European Union and …, with productivity in Southern Europe going into reverse. This paper analyzes which factors - whether countrylevel or firm … investment, the availability of credit, and the quality of the business environment and the skills of the workforce prove to be …