continuous rise in labour productivity. It is related to the Okun coefficient which describes the relationship between the …

productivity. The analysis provides a picture of a trapped economy where urbanization was unable to trigger a persistent process of …

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 …

productivity growth. We utilise a rich microdata set covering the period 2006-2016, encompassing nearly all Dutch corporations …. This dataset facilitates an evaluation of start-ups’ and exiting firms’ contributions to Total Factor Productivity (TFP … display lower productivity than incumbents, their productivity growth outpaces that of incumbents. In services, entrants …

Investment statistics of the People's Republic of China are a source of many puzzles. Some investment data are of …

This paper estimates the causal effect of rural-urban migration on urban production in China. We use longitudinal data … price shocks. Following a migrant inflow, labor costs decline and employment expands. Labor productivity decreases sharply … migration mostly benefits low- productivity firms within locations. As migrants select into high-productivity destinations …

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 … China's growth path and the growth paths of other East Asia economies at a similar stage of development. The growth paths of …

For the past nearly forty years, China has experienced average annual real GDP growth of close to ten percent, much of … expenditures. This paper documents the role of investment in driving economic growth in China, questions how much longer China can … reduction in investment. It also notes that investment in China remains broad-based across all economic sectors, with little …

The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and …