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Analyzing macroeconomic impacts of oil price changes requires first to investigate different sources of these changes and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a precautionary oil demand shock. The paper's aim is to...
Persistent link: https://www.econbiz.de/10008561072
This paper investigates the impact of structural reforms on productivity growth. A panel analysis of 20 OECD countries … finds that the impact of structural reforms on productivity growth may be weak or negative in the short run, possibly due to … run, however, structural reforms are found to have significantly positive effects on productivity growth. …
Persistent link: https://www.econbiz.de/10005768737
This paper estimates the effects of trade liberalization on plant productivity. In contrast to previous studies, we … distinguish between productivity gains arising from lower tariffs on final goods relative to lower tariffs on intermediate inputs …. Lower output tariffs can produce productivity gains by inducing tougher import competition whereas cheaper imported inputs …
Persistent link: https://www.econbiz.de/10005769329
This paper presents empirical evidence on the impact of competition on firm productivity. Using firm-level observations … competition and our measures of productivity. We also find that countries that implemented product-market reforms had a more … pronounced increase in competition, and correspondingly, in productivity: the contribution to productivity growth due to …
Persistent link: https://www.econbiz.de/10008470387
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 examines the empirical relationship between trade and total factor productivity (TFP) in South Africa. It …
Persistent link: https://www.econbiz.de/10005264046
productivity in the manufacturing sector, focusing on the interaction between this policy shock and firm and environment … productivity. Specifically, reductions in trade protectionism lead to higher levels and growth of firm productivity, with this … climate, and financial development, do not appear to influence the effect of trade liberalization on firm productivity. …
Persistent link: https://www.econbiz.de/10005825835
This paper analyzes whether uniform tariffs give rise to the highest welfare compared with tariffs that either escalate or de-escalate along the value chain of production. We show that countries may be better off with de-escalating tariffs where tariff rates are higher on intermediate inputs and...
Persistent link: https://www.econbiz.de/10005825855
-induced productivity increases at the firm level, which get passed on to industry wages. Since tariff reductions were proportionately …
Persistent link: https://www.econbiz.de/10005825907
on growth. However, slow growth is not inescapable. Faster growth would require raising total factor productivity growth …
Persistent link: https://www.econbiz.de/10005826097