Using a two-sector endogenous growth model, this paper explores how productivity shocks in the goods and human capital …-forecast horizons whereas human capital productivity innovations dominate at longer ones. Second, the combined explanatory power of the …

Employing an endogenous growth model with human capital, this paper explores how productivity shocks in the goods and … of innovations to productivity on macroeconomic activity. -- endogenous growth ; human capital ; real business cycles …

question in the context of a heterogeneous-firm RBC model with persistent firm-level productivity shocks and lumpy capital …

investigate different identification schemes for bi-variate systems comprising U.S. stock prices and total factor productivity …. The former variable is viewed as reflecting expectations of economic agents about future productivity. It is found that … used for total factor productivity. -- Cointegration ; Markov regime switching model ; vector error correction model …

productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative …

Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth … that commenced around 2005. The successful integration of five million predominantly low-productivity workers into the … labor market induced an attenuating effect on productivity growth. This does not explain the slowdown entirely, however. As …

Brazil's trade liberalization between 1990 and 1993, and its partial reversal in 1995, are used to study how reduced … inward trade barriers affect productivity. The production function of Brazilian manufacturers is estimated at the ISIC3 two …-digit level under various alternatives, including an extension of Olley and Pakes' (1996) procedure. Firm-level productivity is …

productivity change. The model implies that (i) the so-far untreated effect stems from firms' planned efficiency responses to the … competitive environment and that (ii) a suit-able proxy to productivity is investment interacted with a sector-level competition …-effects estimation and remedying commonly suspected biases. Whereas productivity change is measured consistently, scale economies are not …