Showing 1 - 10 of 249
This study estimates the impact of excess precipitation (or the absence of rainfall) on productivity of agricultural … productivity. Overall, we find statistically significant declines in agricultural productivity that is associated with both floods …
Persistent link: https://www.econbiz.de/10013296265
This paper studies China’s four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we argue that China’s growth pattern is very similar to that of several other East Asia economies that initially grew very quickly. Second, we show that a minimalist...
Persistent link: https://www.econbiz.de/10014347723
function, total factor productivity, price markups over marginal costs, output prices, output quantities, a demand system, and …
Persistent link: https://www.econbiz.de/10013315013
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
Based on economic methodology we model an ecosystem with two species in predator-prey relationship: mice feed on grain and grain feeds on a resource. With optimizing behaviour of individual organisms a short-run ecosystem equilibrium is defined and characterized that depends on the farmer's use...
Persistent link: https://www.econbiz.de/10010261306
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
Pay-as-you-go (PAYG) social security schemes in the OECD countries are facing solvency problems, as people are living longer and birth rates have declined. Postponing the full retirement age (FRA), when retirees are entitled to full pension, has been proposed as a solution. This effectively...
Persistent link: https://www.econbiz.de/10013314811
How should central banks optimally aggregate sectoral inflation rates in the presence of imperfect labor mobility across sectors? We study this issue in a two-sector New-Keynesian model and show that a lower degree of sectoral labor mobility, ceteris paribus, increases the optimal weight on...
Persistent link: https://www.econbiz.de/10013315148
number of structural shocks as domestic and foreign productivity shocks in final tradables and non-tradables, money demand …
Persistent link: https://www.econbiz.de/10013317027