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differential across sectors in the marginal product of labour, changes in the structure of employment can raise aggregate total … factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than …
Persistent link: https://www.econbiz.de/10010261270
This paper investigates cross-country productivity convergence at a sectoral level using multivariate unit-root tests … data. Third, when the null hypothesis of non convergence is rejected, a second test determines the number of converging … countries. Based on a sample of thirteen OECD countries our results show evidence of convergence in three out of six sectors …
Persistent link: https://www.econbiz.de/10010315012
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
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
induced by time and local variations in sunset time. We find that a 1-hour increase in weekly sleep increases employment by 1 ….6 percentage points and weekly earnings by 3.4%. Most of this earnings effect comes from productivity improvements, while the …
Persistent link: https://www.econbiz.de/10014290026
analyses of a uniform minimum wage. The model with worker and firm heterogeneity does not restrict the sign of employment …-segment variation of the estimated effects is mostly driven by firm productivity levels rather than by search frictions or the … opportunity cost of employment. …
Persistent link: https://www.econbiz.de/10011887420
-factor productivity, capital deepening and employment) for an almost complete set of OECD countries, ii.) non-linear results on how …
Persistent link: https://www.econbiz.de/10012425684
group of structural policies, typically those where the transmission mechanism depends mainly on productivity and capital …
Persistent link: https://www.econbiz.de/10013427751
interdependencies between the terms of trade and economic growth are offered: the home market effect and the productivity shock effect …
Persistent link: https://www.econbiz.de/10010264264
The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate countries. While monetary union lowers reforms in the candidate countries, members of the...
Persistent link: https://www.econbiz.de/10010315892