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Persistent link: https://www.econbiz.de/10003774896
Recently competition policy has become an important trade policy issue, since many policy makers now see competition policy as an important instrument to secure market access' to foreign markets. This paper analyzes this issue both from a theoretical point of view and from the review of the...
Persistent link: https://www.econbiz.de/10012472092
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
The present study is the third in a series of three papers devoted to issues in the measurement of productivity and … productivity growth. The major findings are as follows. First, this study shows that the new data set used here, which develops … useful supplement to existing data sets. Second, there has clearly been a rebound in labor-productivity growth in recent …
Persistent link: https://www.econbiz.de/10012470633
the labor productivity of workers across the age distribution, while one-third arises from slower labor force growth. Our …
Persistent link: https://www.econbiz.de/10012456225
U.S. labor and total-factor productivity growth slowed prior to the Great Recession. The timing rules out explanations … intensively, consistent with a return to normal productivity growth after nearly a decade of exceptional IT-fueled gains. A … calibrated growth model suggests trend productivity growth has returned close to its 1973-1995 pace. Slower underlying …
Persistent link: https://www.econbiz.de/10012458418
Average wage growth is closely related to aggregate productivity growth across countries and within countries over time …. The commonality of patterns across OECD countries suggests that common factors are at work. Are productivity …-biased technological change or other factors? To answer this, it is necessary to observe education-specific productivity growth. Cross …
Persistent link: https://www.econbiz.de/10012480371
We examine aggregate productivity differences across nations using cross-country firm-level data and a quantitative … model of production heterogeneity with distortions featuring operation decisions (selection) and productivity …-level productivity, mostly resulting from the higher prevalence of unproductive firms. Quantitatively, measured cross-country differences …
Persistent link: https://www.econbiz.de/10014635713
In a general equilibrium product-cycle model, lower trade barriers increase Southern purchasing power, which lifts long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms, which lowers the opportunity cost of innovation,...
Persistent link: https://www.econbiz.de/10012458713
of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence … productivity is declining sharply. A good example is Moore's Law. The number of researchers required today to achieve the famous … increases in research effort that offset its declining productivity …
Persistent link: https://www.econbiz.de/10012453929