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This paper proposes an empirical growth model which is consistent with a stochastic steady-state labour productivity …
Persistent link: https://www.econbiz.de/10005123970
Multivariate unobserved components (structural) time series models are fitted to annual post-war observations on real income per capita in countries in the euro zone. The aim is to establish stylized facts about convergence as it relates both to long-run income levels and to cycles. The analysis...
Persistent link: https://www.econbiz.de/10005067405
accompanying revival of productivity growth, directly contributed both to faster output growth and to holding down the inflation … the United States, they did not prevent the US from experiencing a dismal period of slow productivity growth between 1972 … and 1995 nor from falling behind in numerous industries outside the IT sector. The 1995-2000 productivity growth revival …
Persistent link: https://www.econbiz.de/10005666412
knowledge' from its cumulative R&D activities, a developing country can boost its productivity by importing a larger variety of …
Persistent link: https://www.econbiz.de/10005667027
Germany overtook Britain in comparative productivity levels for the whole economy primarily as a result of trends in … services rather than trends in industry. Britain’s productivity lead in services before World War II reflected external … economies of scale in a highly urbanised economy with an international orientation. Low productivity in Germany reflected the …
Persistent link: https://www.econbiz.de/10005788930
and productivity. We decompose the spatial variation of earnings into a productivity effect and an occupational … that doubling the population of working age proximate to an area is associated with a 3.5% increase in productivity in the …
Persistent link: https://www.econbiz.de/10005792018
We use data on wages and rents in different US cities to assess the amenity effects on production and consumption of cultural diversity as measured by diversity of countries of birth of city residents. We show that US-born citizens living in metropolitan areas where the share of foreign-born...
Persistent link: https://www.econbiz.de/10005792376
country can raise its total factor productivity by investing in R&D. Countries can also boost their productivity by trading …
Persistent link: https://www.econbiz.de/10005123493
Productivity growth in the United States was considerably faster during 2000-03 than in the boom years of 1995 …-2000. This ebullient productivity performance raises numerous questions about its interpretation and its implications for the … justified on the basis of data through the end of 1999 in their claim that part of the post-1995 productivity growth revival …
Persistent link: https://www.econbiz.de/10005123790
productivity growth in the US economy can be attributed to a technological acceleration within durable manufacturing and to …-factor productivity in the 88% of the economy outside of durable manufacturing. In comparison with the Great Inventions of 1860-1900, the …
Persistent link: https://www.econbiz.de/10005124176