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at the micro level typically reduces total factor productivity at the macro level. Quantifying these effects is leading …
Persistent link: https://www.econbiz.de/10012461916
differences between national or regional productivity growth rates, when there are constant static returns to scale in production … account for permanent international productivity growth differentials. An alternative mechanism is the nontradedness of an …
Persistent link: https://www.econbiz.de/10012474745
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overall productivity level of the economy. A comprehensive income tax, applying to both labour income and capital income … productivity, the adverse effect of income taxation on human capital investments is significantly magnified …
Persistent link: https://www.econbiz.de/10012475500
A growth model is developed in which finite-lived individuals invest in human capital, and investments have a positive external effect on the human capital of later cohorts. Heterogeneous labor is the only factor of production, and higher-quality labor produces higher-quality goods. Stationary...
Persistent link: https://www.econbiz.de/10012475618
firm survey from the 1840s, we shed light on the mechanism: upper-tail knowledge raised productivity in innovative …
Persistent link: https://www.econbiz.de/10012458447
that this quantitative approach typically abstracts from: trade-induced changes in domestic productivity. Using a model of … sequential production, in which trade induces a reorganization of production that raises domestic productivity, we show that the …
Persistent link: https://www.econbiz.de/10012458853
The relative price of services rises with development. A standard interpretation of this fact is that productivity …-country income elasticity of sectoral productivity is large in non-traditional services (1.14), smaller in manufacturing (1.06) and … aggregate productivity and that the input-output structure is important in this assessment …
Persistent link: https://www.econbiz.de/10012453734
We study the impact of intersectoral and interregional trade linkages in propagating disaggregated productivity changes … of measured TFP, GDP, and employment to regional and sectoral productivity changes. We find that the elasticities vary …
Persistent link: https://www.econbiz.de/10012458497
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