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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
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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 consequences of the COVID-19 pandemic on productivity by matching firm performance outcomes with … led to a significant short-term decline in productivity predominantly driven by the within-firm growth component. A … non-viable firms. However, government subsidies appear to have had a limited effect on aggregate productivity developments. …
Persistent link: https://www.econbiz.de/10012814377
euro has been accompanied by a reallocation of activity within rather than across sectors. Since its adoption, productivity …
Persistent link: https://www.econbiz.de/10012464193
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
This paper emphasizes the different nature of cross border liberalization in network related services, such as telecoms, compared to liberalization in goods. In the presence of network externalities, it argues that if two disjoint country service networks involving a small and large country are...
Persistent link: https://www.econbiz.de/10012472101
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