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Productivity, place, and plants : revisiting the measurement

Schoefer, Benjamin; Ziv, Oren - 2021

Why do cities differ so much in productivity? We document that most of the measured dispersion in productivity across US cities is spurious and reflects granularity bias: idiosyncratic heterogeneity in plant-level productivity and size, combined with finite plant counts. As a result, economies...

Persistent link: https://www.econbiz.de/10012418448

Technological growth and hours in the long run : theory and evidence

Reif, Magnus; Tesfaselassie, Mewael F.; Wolters, Maik H. - 2021

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

Structural change and productivity growth in Europe : past, present and future

Duernecker, Georg; Sanchez-Martinez, Miguel - 2021

This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a large sample of European countries, and it builds a quantitative multi-sector growth model to analyze the potential impact that structural change may have on future productivity...

Persistent link: https://www.econbiz.de/10012625868

The great divergence : a network approach

Lindner, Ines; Strulik, Holger - 2015

knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the … individual countries in the course of world development. …

Persistent link: https://www.econbiz.de/10011397182

Nature, power, and growth

Thorvaldur Gylfason - 2001

This essay reviews the relationship between natural-resource abundance and economic growth around the world, and …

Persistent link: https://www.econbiz.de/10011397924

Natural resources and economic growth : what is the connection?

Thorvaldur Gylfason - 2001

This paper reviews the relationship between natural resources and economic growth, and stresses how natural capital tends to crowd out foreign capital, social capital, human capital, andphysical capital, thereby impeding economic growth across countries and presumably also over time....

Persistent link: https://www.econbiz.de/10011399567

Geopolitics, aid and growth

Dreher, Axel; Eichenauer, Vera; Gehring, Kai - 2013

We investigate the effects of short-term political motivations on the effectiveness of foreign aid. Donor countries ́political motives might reduce the effectiveness of conditionality, channel aid to inferior projects or affect the way aid is spent in other ways, reduce the aid bureaucracyś...

Persistent link: https://www.econbiz.de/10009764394

Stock markets, banks and long run economics growth : a panel cointegration-based analysis

Cavenaile, Laurent; Gengenbach, Christian; Palm, Franz C. - 2013

The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...

Persistent link: https://www.econbiz.de/10010223077

Is the relationship between financial development and economic growth monotonic? : evidence from a sample of middle income countries

Samargandi, Nahla; Fidrmuc, Jan; Ghosh, Sugata - 2014

We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that financial development does not have a linear positive...

Persistent link: https://www.econbiz.de/10010340261

Transportation costs and the great divergence

Azarnert, Leonid V. - 2014

This work shows the asymmetric effect of the reduction in transportation costs across different sectors in the process of the Great Divergence. Specifically, the analysis indicates that reductions in transportation costs of industrial goods enhance convergence of the growth rates of trading...

Persistent link: https://www.econbiz.de/10010347039

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