Showing 1 - 10 of 187
Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends … reductions in TFP growth. These results have important policy implications, including that low productivity growth in some …
Persistent link: https://www.econbiz.de/10011242298
We study the relative efficiency of outside-owned versus employee-owned firms and analyze implications for institutional change in a context of technological innovation. When decisions are made through majority voting, the vote on technology choice is used to influence the later vote on the...
Persistent link: https://www.econbiz.de/10008528612
This paper studies the effect of individual uncertainty on collective decision-making to implement innovation. We show how individual uncertainty creates a bias for the status quo even under irreversible voting decisions, in contrast with Fernandez and Rodrik (1991). Blocking innovation is...
Persistent link: https://www.econbiz.de/10008528646
By the end of 2007, Chile's total factor productivity was lower than ten years earlier, a performance that contrasted … sharply with the previous decade, when productivity grew by a cumulative 30 percent. This paper assesses productivity trends … in Chile, by decomposing productivity into investment-specific technological change (associated with improvements in the …
Persistent link: https://www.econbiz.de/10008497610
in Asia during the 1990s is found to be mainly from capital deepening. Total factor productivity (TFP) is also decomposed …
Persistent link: https://www.econbiz.de/10005768879
While production of ICT equipment plays a subordinate role for economic growth in most of these countries, they do benefit from capital deepening arising from falling prices of ICT equipment. Adapting established growth accounting approaches to the data environment of low-income countries, we...
Persistent link: https://www.econbiz.de/10008470403
This paper assesses productivity trends in Canada vis-a-vis the United States from two perspectives. The first one is … based on estimates of total factor productivity. The second one decomposes productivity growth into two sources: investment … underlying cause of the pickup in productivity in Canada and the narrowing of the productivity gap with the United States. …
Persistent link: https://www.econbiz.de/10005248234
consumption volatility. Calibration of the model for pre and post financial reform in India provides support for the model's key …
Persistent link: https://www.econbiz.de/10010790416
estimates potential growth for China, India, and five ASEAN countries (Indonesia, Malaysia, the Philippines, Thailand, and … Vietnam) during 1993–2013. The main findings include: (i) both China and India have recently exhibited a slowdown in … potential growth, largely reflecting a decline of total factor productivity (TFP) growth; (ii) by contrast, trend growth for the …
Persistent link: https://www.econbiz.de/10011142066
the catch-up in labor utilization productivity and use independent demographic projections and other considerations to … make reasonable assumptions about labor productivity and utilization growth in the future. It uses a simple growth …-accounting framework, and discusses the trends in labor utilization and productivity per hour in the past. The paper also describes the …
Persistent link: https://www.econbiz.de/10005825025