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We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications … higher rates of physical capital accumulation and greater total factor productivity gains. These (relatively) high rates of …. Coupled with the fact that within-industry productivity gaps are enormous, this suggests that convergence will take a long …
Persistent link: https://www.econbiz.de/10012467642
U.S. county data for the last 20 or 30 years show that manufacturing employment has been deconcentrating. In contrast, the service sector exhibits concentration in counties with intermediate levels of employment. This paper presents a theory where local sectoral growth is driven by technological...
Persistent link: https://www.econbiz.de/10012465348
decomposition of total factor productivity growth …
Persistent link: https://www.econbiz.de/10012477833
time. A key question is, has the productivity distribution also spread out across worker skill levels over time? Using our … calculations of productivity by skill level for the U.S., we show that the distributions of both wages and productivity have spread … out over time, as the right tail lengthens for both. We add OECD countries, showing that the wage-productivity correlation …
Persistent link: https://www.econbiz.de/10013477226
We study the impact of techies--engineers and other technically trained workers--on firm-level productivity. We first … structural econometric methods, we estimate the causal effect of techies on firm-level Hicks-neutral productivity in both … manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this effect goes beyond the …
Persistent link: https://www.econbiz.de/10014322729
innovation will be required to preserve past productivity gains in the face of climate change, coevolving pests and diseases, and … changing technological regulations--let alone increase productivity. Great potential exists for innovation in crop and …
Persistent link: https://www.econbiz.de/10012481789
We measure the impact of a drastic new technology for producing steel - the minimill - on the aggregate productivity of … industry's productivity is linked to this new technology, and operates through two distinct mechanisms. First, minimills … third of the increase in the industry's productivity. Second, increased competition, due to the expansion of minimills …
Persistent link: https://www.econbiz.de/10012459923
Most industries go through a "shakeout" phase during which the number of producers in the industry declines. Industry output generally continues to rise, however, which implies a reallocation of capacity from exiting firms to incumbents and new entrants. Thus shakeouts seem to be classic...
Persistent link: https://www.econbiz.de/10012466146
.S. aggregate labor productivity, and 2) whether the same set of forces account for the slowdown of sectoral productivity growth as … well. We specify a model which relates measured labor productivity growth to capital/labor ratio, level and rate of change … aggregate data for the period 1949-1978.The results of the estimation suggest that the pattern of aggregate productivity growth …
Persistent link: https://www.econbiz.de/10012478722
) definition of aggregate productivity growth, which aggregates plant-level changes to changes in aggregate final demand in the … technologies, one for each 4-digit SIC code. On average we find positive aggregate productivity growth of 2.2% in this sector … for both the theoretical literature on growth and alternative indexes of aggregate productivity growth based only on …
Persistent link: https://www.econbiz.de/10012461957