Showing 1 - 10 of 74
Starting from the same level of productivity and per-capita income as the United States in the mid-nineteenth century … productivity has almost converged, its income per person has leveled off at about three-quarters of America's. How could Europe be …
Persistent link: https://www.econbiz.de/10012468028
We study the productivity-pay relationship in the United States and Canada along two dimensions. The first is … divergence: the degree to which the levels of productivity and pay have diverged. The second is delinkage: the degree to which … incremental increases in the rate of productivity growth translate into incremental increases in the rate of growth of pay …
Persistent link: https://www.econbiz.de/10012794576
William Baumol and his co-authors have analyzed the impact of differential productivity growth on the health of … and price increases, take a rising share of national output, and slow aggregate productivity growth. Using industry data … have tended to lower overall productivity growth as the share of stagnant sectors has risen over the second half of the …
Persistent link: https://www.econbiz.de/10012466450
reallocation of labor from low- to high-productivity sectors. Patterns of structural change differ greatly in the recent growth … rapid within-sector labor productivity growth (Latin America) or growth-increasing structural change (Africa), but rarely … have come typically at the expense of declining labor productivity growth in the more modern sectors of the economy. We …
Persistent link: https://www.econbiz.de/10012455549
This paper is motivated by a set of cross-country observations on growth, structural transformation, and investment rates in a large sample of countries. We observe a hump-shaped relationship between a country's investment rate and its level of development, both within countries over time and...
Persistent link: https://www.econbiz.de/10013435146
We estimate the rate of total factor productivity growth in Indian manufacturing industry for the period 1973-1992, and … it ignores the additional capital formation made possible by an increase in productivity and therefore understates … productivity's true importance. Our estimates suggest that the understatement may be quite large, and that one might better ask if …
Persistent link: https://www.econbiz.de/10012471341
This paper uses an integrated model of aggregate supply to analyze the post-1973 slowdown in productivity growth in the … cyclical factors. The model is therefore re-estimated, and the sources of productivity decline recalculated, on the hypothesis …
Persistent link: https://www.econbiz.de/10012477623
After fifty years of catching up to the United States level of productivity, since 1995 Europe has been falling behind … growth shortfall caused the level of European productivity to fall back from 94 percent of the United States level to 85 … retailing formats that have created many of the productivity gains in the United States. For many decades, the United States and …
Persistent link: https://www.econbiz.de/10012468029
, productivity growth has been much higher in Europe than in the United States. Productivity levels are roughly similar in the … European Union and in the United States today. The main difference is that Europe has used some of the increase in productivity …
Persistent link: https://www.econbiz.de/10012468364
We argue that unmeasured investments in intangible organizational capital associated with the role of information and communications technology (ICT) as a general purpose technology' can explain the divergent U.S. and U.K. TFP performance after 1995. GPT stories suggest that measured TFP should...
Persistent link: https://www.econbiz.de/10012468688