Similar Search Results

Productivity Growth and the Structure of the Business Cycle

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1992

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

The Role of Labour Market Changes in the Slowdown of European Productivity Growth

Dew-Becker, Ian; Gordon, Robert J - C.E.P.R. Discussion Papers - 2008

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

Prospects for Output and Employment Growth with Steady Inflation

Dungey, M.; Pitchford, J. - Research School of Economics, College of Business and … - 1998

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

Adjustment and Performance of the Textile and Clothing Industry in the Czech Republic, Poland and Portugal

Benacek, Vladimir; Caban, Wieslaw; Corado, Cristina - C.E.P.R. Discussion Papers - 1995

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 in Competitive Labor Markets with Adverse Selection

Kosfeld, Michael; Von Siemens, Ferdinand - C.E.P.R. Discussion Papers - 2014

Team production is a frequent feature of modern organizations. Combined with team incentives, team production can …

Persistent link: https://www.econbiz.de/10011084476

Competition And Firm Performance: Lessons From Russia

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2000

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

Competition, Corporate Governance: Substitutes or Complements? Evidence from the Warsaw Stock Exchange

Grosfeld, Irena; Tressel, Thierry - C.E.P.R. Discussion Papers - 2001

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

Who is Afraid of Political Instability?

Campos, Nauro F - C.E.P.R. Discussion Papers - 2000

An unstable macroeconomic environment is often regarded as detrimental to economic growth. Among the sources contributing to such instability, the literature has assigned most of the blame to political issues. This paper empirically tests for a causal and negative long-term relationship between...

Persistent link: https://www.econbiz.de/10005504467

Adjustment to Target Capital, Finance and Growth

Ciccone, Antonio; Papaioannou, Elias - C.E.P.R. Discussion Papers - 2006

Does financial development result in capital being reallocated more rapidly to industries where it is most productive? We argue that if this was the case, financially developed countries should see faster growth in industries with investment opportunities due to global demand and productivity...

Persistent link: https://www.econbiz.de/10005504771

Back to the Future: the Growth Prospects of Transition Economies Reconsidered

Campos, Nauro F - C.E.P.R. Discussion Papers - 2000

How many years will the average transition economy need to reach the income level of the average OECD country? The favoured methodology in use to answer such questions is referred to as the BLR approach, because it uses specifications from Barro, and Levine and Renelt. The literature has so far...

Persistent link: https://www.econbiz.de/10005498184