-related income, productivity and net foreign assets, but, at odds with the conventional wisdom, depreciates with higher government …

This paper explains in detail the construction of series for productivity in the traded and nontraded sectors for a … panel of 56 countries spanning 1989–2012. The level of productivity in each sector is defined as real value added per … more disaggregated industry source data; and (ii) it allows for meaningful comparisons of the level of productivity across …

. Based on simulations in a general equilibrium model of the world economy, we find that a productivity slowdown in the non …

is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant … contributor to higher growth (through both capital accumulation and productivity) and lower output volatility, and in many … are islands have limited growth. Policies aimed at improving productivity, further development of the tourism sector, and …

Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends … efficiency, rendering TFP endogenous to firms’ production decisions. We present robust cross-country evidence of a strong … reductions in TFP growth. These results have important policy implications, including that low productivity growth in some …

, goods market efficiency, higher education, and innovation would permanently boost productivity growth by a total of 1 …Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural …

, highlighting the dichotomy between productivity-driven long-run growth and short-run deviations from the underlying growth …

the level of high income economies. Evidence from China’s provinces indicates that there is room to improve productivity …

countries. Simulations on the impact of productivity shocks in Chinese textiles and machinery suggest that the required …