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 …

capital can more than offset its positive spillovers for private-sector productivity. In a decentralized economy …

capital can more than offset its positive spillovers for private-sector productivity. In a decentralized economy …

, employment and GDP in both the US and Mexico. For the subsample preceding the break our findings are similar to those of earlier … parameters being higher than 1 in the case of Mexico …

into their direct (endowment accumulation, productivity growth, changes in trade costs, changing preferences) and indirect … productivity growth, and endogenous changes in expenditures shares on manufacturing goods and services. We quantify the importance … accumulation and trade costs have been the most important drivers of trade in the sample at hand, whereas productivity growth and …

productivity - enhancing effect. The reform of fixed-term contracts instead did not produce the intended results: it induced a … substitution of temporary employees in favor of permanent ones and reduced capital intensity, generating productivity losses. We …