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Throughout the post-war era until 1995 labour productivity grew faster in Europe than in the United States. Since 1995, productivity growth in the EU-15 has slowed while that in the United States has accelerated. But Europe’s productivity growth slowdown was largely offset by faster growth in...
Persistent link: https://www.econbiz.de/10005124319
Over recent years `opportunity cost' (OC) models of growth have been constructed which suggest that firms take advantage of the possibility of intertemporal subsitution in order to engage in productivity-improving activities during recessions. This paper tests whether this argument is correct,...
Persistent link: https://www.econbiz.de/10005666892
Monetary policy affects both real variables, such as employment, unemployment and output and nominal variables such as nominal interest and inflation rates. For close to a decade the principal focus of monetary policy has been on inflation. During a recession, or when one appears imminent, the...
Persistent link: https://www.econbiz.de/10004971339
difficulties. Former state-owned enterprises are reorienting sales to Western markets under the pressure of competition from a new … contribution of the new, private firms in the Czech Republic to find that production and employment in the clothing industry …
Persistent link: https://www.econbiz.de/10005136480
Team production is a frequent feature of modern organizations. Combined with team incentives, team production can …
Persistent link: https://www.econbiz.de/10011084476
impact of several dimensions of market competition and other factors on enterprise efficiency. We analyse 1992-1998 panel …, intensity, time path, and survival effects of competitive pressures. We find large, positive effects on TFP from competition in …
Persistent link: https://www.econbiz.de/10005661595
In this Paper we analyse the impact of product market competition and ownership structure on corporate performance. We … the separate effects of competition and ownership concentration on firm level productivity growth. Next, we investigate … bias that could affect the productivity levels and productivity growth. Our results show that product market competition …
Persistent link: https://www.econbiz.de/10005661646
We develop a simple growth model with imperfect competition in which demand conditions can affect the dynamics of …
Persistent link: https://www.econbiz.de/10005124443
Although the theoretical literature often uses lobbying and corruption synonymously, the empirical literature associates lobbying with the preferred mean for exerting influence in developed countries and corruption with the preferred one in developing countries. This paper challenges these...
Persistent link: https://www.econbiz.de/10005136644
Does it always pay to install high-quality capital? Or could it possibly be more profitable to make investments that do not last too long? In this Paper we ponder the optimal rate of depreciation of physical capital, first in the Solow model and then in a model of endogenous growth with...
Persistent link: https://www.econbiz.de/10005067649