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growth strategy. …
Persistent link: https://www.econbiz.de/10005755167
We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U …. Therefore the secular decline of unemployment since the mid 1990s indeed stemmed from higher average productivity growth. The …
Persistent link: https://www.econbiz.de/10005818847
Traditionally, observed fluctuations in aggregate economic time series have been mainly modelled as being the result of exogenous disturbances. A better understanding of macroeconomic phenomena, however, surely requires looking directly at the relations between variables that may trigger...
Persistent link: https://www.econbiz.de/10010956107
empirical distributions of capitalist economies, including the distribution of income, firm sizes, firm growth, GDP and …
Persistent link: https://www.econbiz.de/10005083360
It is a widely held belief that foreign direct investment (FDI) has a positive effect on economic growth. We test this … growth in per-capita income, relative to the per-capita income of the United States, in terms of US FDI, human development …
Persistent link: https://www.econbiz.de/10010886931
The slow recovery following the 2008/2009 recession has led to renewed interest in the question whether deep recessions lower real GDP permanently or whether we can expect a rebound to earlier trend levels. Using a recent quantile autoregression unit root test we check whether shocks to real GDP...
Persistent link: https://www.econbiz.de/10010886932
Labour productivity distribution (dispersion) is studied both theoretically and empirically. Superstatistics is presented as a natural theoretical framework for productivity. The demand index ê is proposed within this framework as a new business index. Japanese productivity data covering...
Persistent link: https://www.econbiz.de/10005083398
The aim of this paper is to provide an overview of empirical cross-country growth literature. The paper begins with … describing the basic framework used in recent empirical cross-country growth research. Even though this literature was mainly … inspired by endogenous growth theories, the neoclassical growth model is still the workhorse for cross-country growth empirics …
Persistent link: https://www.econbiz.de/10009294882
Persistent link: https://www.econbiz.de/10009276152
fallacies and (ii) not really helpful for discriminating between neoclassical and endogenous growth models. …
Persistent link: https://www.econbiz.de/10009277800