Showing 1 - 10 of 1,778
Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using a neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction...
Persistent link: https://www.econbiz.de/10012546895
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/10012625868
The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...
Persistent link: https://www.econbiz.de/10011646840
endowments and productivity, relative factor costs emerge as a source of real-income variation across countries. These are shaped … "residual" productivity required to explain the observed per-capita income differences by more than one half. …
Persistent link: https://www.econbiz.de/10011892529
To gain insights into the mechanisms that shape the interaction between economic growth and climate change, we analyze the simplified DICE through the lens of growth theory. We analytically show that this model exhibits a continuum of saddle-point stable steady states, a property that carries...
Persistent link: https://www.econbiz.de/10014514947
things equal. Increased participation in higher education enhances productivity progress and is accompanied by rising wage …
Persistent link: https://www.econbiz.de/10003299332
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/10011451098
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 … inferred and then related to trade. Findings suggest that (1) foreign competition pressures firms to raise productivity …
Persistent link: https://www.econbiz.de/10011402582
We study how increased import competition affects the evolution of productivity in a small open economy. We use a … productivity. We find that a 1% increase in the import share leads to a 1.05% gain in productivity. This elasticity translates into …
Persistent link: https://www.econbiz.de/10014551807
We propose a new model of multi-product firms in international trade, where firms choose their product mix based on the products’ attractiveness and endogenous competition. The model is motivated by two novel stylized facts using Danish manufacturing data, which demonstrate the importance of...
Persistent link: https://www.econbiz.de/10014551012