dynamic performance of the US economy before 1950. A comparison with the United Kingdom, still the world productivity leader …s and the 1940s. Furthermore, this earlier process of catching up was driven by the dynamic productivity performance of … exporter of manufactured goods not simply by catching-up in labour productivity terms, but by holding the growth of real wages …

correlation between hours worked and labour productivity. In this Paper, I show that this conjecture is not necessarily correct …. In the basic RBC model, I find that hours worked fall and labour productivity rises after a positive permanent technology … positive permanent technology shock along with a rise in labour productivity that are in line with what the data suggests. …

This paper explores the role of replacement and innovation in shaping investment and productivity during episodes of … productivity under different innovative strategies. We find that productivity increases after an investment spike in innovative …

Labour productivity in the US has recently grown more strongly than in most European countries. It is often argued that … the American productivity increase is due to the widespread introduction of new information and communication technologies … (ICT). But why have the same technologies not similarly increased Europe's labour productivity? This paper provides a …

This Paper studies the inter-temporal problem of a monopolistic firm that engages in productivity-enhancing innovations … to reduce its labour costs. If the level of wages is sufficiently low, the firm's rate of productivity growth approaches … time. Otherwise, it will gradually reduce its innovation effort over time and ultimately terminate production. Productivity …

predictions of this model against data from the British Household Panel Survey, using earnings as a proxy for productivity. We … theoretical calculations show that the estimated earnings differentials represent average productivity differentials net of … monitoring costs, but not of the disutility of additional effort expended by workers. But the productivity differential is not a …

labour productivity and to improve industrial relations in the firms concerned. These schemes appear to have increased …

This paper provides three perspectives on long-run growth rates of labor productivity (LP) and of multi …-factor productivity (MFP) for the U. S. economy. It extracts statistical growth trends for labor productivity from quarterly data for the …

of agricultural productivity in this part of China was, however, at about the same level as in the Netherlands (and … England), but large productivity gaps existed in industry and services (with the exception of government services). We also … differences in labour productivity. …