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labor supply margin to assess the quantitative contribution of productivity and life expectancy in explaining educational … productivity. …
Persistent link: https://www.econbiz.de/10011075148
The rise of China is no doubt the most important event in world economic history since the Industrial Revolution. The institutional theory of development based on a dichotomy of extractive vs. inclusive political institutions cannot explain China’s rise. This article argues that only a radical...
Persistent link: https://www.econbiz.de/10011211968
Persistent link: https://www.econbiz.de/10003344886
"The acceleration of productivity growth during the latter half of the 1990s was both the defining economic event of … between incoming aggregate data, which initially suggested little productivity gain, and anecdotal firm-level evidence which … Chairman, argued that revolutionary increases in productivity were occurring and the Committee should not prematurely forgo …
Persistent link: https://www.econbiz.de/10003148619
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"This paper shows that economic fluctuations can be largely demand-driven. In particular, the stylized open-economy business cycle regularities documented by Feldstein and Horioka (1980) and Backus, Kehoe and Kydland (JPE 1992) can be explained by the standard general equilibrium theory if...
Persistent link: https://www.econbiz.de/10002956729
.S., such as the productivity slowdown, increased labor force participation by women, and the "new economy" of the 1990s. We …
Persistent link: https://www.econbiz.de/10002496908
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