Showing 1 - 10 of 451
Why do cities differ so much in productivity? We document that most of the measured dispersion in productivity across … US cities is spurious and reflects granularity bias: idiosyncratic heterogeneity in plant-level productivity and size …
Persistent link: https://www.econbiz.de/10013250039
quantity of education. The new measure has a strong link to productivity with the potential for productivity gains being much … education policy (pre-primary education) on human capital and productivity to demonstrate the usefulness of the new measure for …
Persistent link: https://www.econbiz.de/10013290779
This paper assesses the relationship between institutions, output, and productivity, when official output is corrected … output and total factor productivity, and its negative impact on the size of the underground economy. However, once output is … total ("corrected") factor productivity even becomes insignificant. Differences in corrected output must then be attributed …
Persistent link: https://www.econbiz.de/10013316690
This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a … that structural change may have on future productivity growth. We document that the observed reallocation of economic … activity since the 1970s towards the service sector has exerted a strongly negative effect on aggregate productivity growth in …
Persistent link: https://www.econbiz.de/10013211112
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
Persistent link: https://www.econbiz.de/10012829322
business size in an industry fosters growth in terms of total factor productivity (TFP). The results suggest that the overall …
Persistent link: https://www.econbiz.de/10013316793
stemming from reallocation induced by structural change. At the same time, productivity growth within the input-output network …
Persistent link: https://www.econbiz.de/10014348090
demographics and the productivity of those who will still be active during the up-coming period of demographic ageing. As … productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well … output per worker as well as on total factor productivity (TFP). The results confirm earlier findings by Feyrer (2007 …
Persistent link: https://www.econbiz.de/10010264296
things equal. Increased participation in higher education enhances productivity progress and is accompanied by rising wage …
Persistent link: https://www.econbiz.de/10010261393
We study the information flow from the ECB on policy dates since its inception, using tick data. We show that three factors capture about all of the variation in the yield curve but that these are different factors with different variance shares in the window that contains the policy decision...
Persistent link: https://www.econbiz.de/10012867012