This paper presents a two-country dynamic general equilibrium model with imperfectcompetition and nominal price … rigidities in which productivity shocks coexist withmarkup shocks. After analyzing the features of the optimal cooperative …

This paper examines patterns of structural change and labour productivity growth in the late nineteenth … capital growth, it seeks to address three questions: First, what was the role of labour productivity growth in per capita … labour productivity growth in Austria-Hungary as compared to Germany? The paper argues that, in contrast to the Hungarian …

This paper revisits the issue of the productivity performance of pre-World War I Britain’s railway system with an … it stabilized at about 1.1%. An analysis of company-level productivity rejects the claims that there was a regulation …-induced revival of productivity performance in the railway sector after 1900 but, on the other hand, it supports the claim that there …