nearly one third of euro area labour productivity growth. The results point to a significant decline in the contribution of … total factor productivity to euro area growth. …

The study aims at describing productivity growth in the manufacturing sector for a selected panel of five European … countries using firm-level data. The paper explores the empirical regularities of firm productivity distribution across … countries. In particular, we assess the degree of persistence of firm relative productivity and consider its effect on aggregate …

Deficits" discussion of the 1980s. In contrast, during the 1990s productivity growth has been identified as the primary cause … importance of budget deficits and productivity shocks for the determination of the current account. Using a sample of 21 OECD … current account, while country-specific productivity shocks appear to play a key role. …

and productivity change; when expenditure on consumer durables is recorded as capital investment. The capitalization of … consumer durables impacts both the levels and growth rates of the capital stock, productivity and GDP. Our growth accounting … productivity growth in 1995-2004. ICT's impacts were larger, i.e., one-fifth of GVA growth and one-sixth of labour productivity …

We reappraise the relationship between productivity and equilibrium real exchange rates using a panel estimation … role of non-traded, as well as traded, sector productivity shocks in exchange rate determination. We find evidence of … significant correlation between real exchange rates and productivity differentials in both sectors. But our finding of a …

persistence typically proceed along two distinct paths, resorting either to the presence of real shocks such as productivity …

-varying parameters median-unbiased estimation methodology, to investigate changes in the equilibrium rate of growth of labor productivity …-WWII era. Results for the U.S. well capture the ‘conventional wisdom’ of a golden era of high productivity growth, the 1950s … mid-1990s. Evidence clearly suggests the 1990s’ productivity acceleration to have reached a plateau over the last few …