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Persistent link: https://www.econbiz.de/10010283773
Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of inflation using unit labour cost (ULC) growth and applying...
Persistent link: https://www.econbiz.de/10010260899
Using micro-level panel data of about 35,000 firms from the German Cost Structure Census, we analyze the differences of technical efficiency across industries. Technical efficiency is estimated by firms? fixed effects. One striking result is that the distribution of technical efficiency across...
Persistent link: https://www.econbiz.de/10010324228
In a small structural model we find asymmetries in the effects of monetary policy in Germany depending on whether the …
Persistent link: https://www.econbiz.de/10010274488
We analyse the decline in output volatility in Germany. A lower level of variance in an autoregressive model of output … error term variance (reduced impulses). In Germany the decline output volatility is due to a decline in the persistence of … sudden break. The evolution of Germany's short-term real interest rate volatility coincides with the change of the …
Persistent link: https://www.econbiz.de/10010274489
To quickly adapt to technological change and developments, and thus remain competitive, firms increasingly resort to the use of external technology. This paper investigates whether and to what extent the acquisition of external disembodied technology affects the efficiency and productivity in...
Persistent link: https://www.econbiz.de/10010285767
Using firm-level panel data from the German cost structure survey over the period 1992 to 2000, our empirical analysis shows that firms that increased material inputs relative to internal labor costs performed better in terms of gross operating surplus than other firms. However, firms that...
Persistent link: https://www.econbiz.de/10010260638
also explain a part of the still-existing productivity gap between manufacturing in East and West Germany. However, I …
Persistent link: https://www.econbiz.de/10010260643
overtime in West Germany. A descriptive analysis suggests that over a 10-year period workers with unpaid overtime experience on …
Persistent link: https://www.econbiz.de/10010260801
This paper analyzes the distribution of technical efficiency within manufacturing industries. Using a representative sample of 35,000 firms in 255 industries of the German cost structure census, technical efficiencies are estimated by applying a deterministic frontier production function with...
Persistent link: https://www.econbiz.de/10010260821