average labor compensation to microeconomic total factor productivity (TFP). Our results may be summarized as follows. First …

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 …

This paper presents empirical evidence of the effect of FDI inflows on productivity convergence in central and eastern … Europe, using industry-level data. Four conclusions stand out. First, there is a strong convergence effect in productivity …, both at the country and at the industry level. Second, FDI inflow plays an important role in accounting for productivity …

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 …

This paper investigates the factors behind developments in inflation expectations in euro area, the U.S. and the U …-term inflation expectations onto international ones, in particular the U.S., since August 2014. This finding has some important … inflation expectations since the autumn 2014 (Yellen, 2015). From a research perspective, our findings suggest that the …

Productivity performance in European countries has been a policy concern for some time. This paper shows that … productivity can be enhanced by product market policies which, by increasing competition and efficiency, facilitate higher rates of … churning, in turn, appears to be positively related to higher total factor productivity at the sector level by facilitating the …

We study the relation between firms financial structure, access to external finance and labor productivity using a … to estimate the direct impact of access to finance to firm-level productivity. We find negative and significant effects … estimated loss of around 21% of their labor productivity. In addition, each country would gain on average between one and two …

This paper provides a new cross-country evaluation of competitiveness, focusing on the linkages between productivity … establish new stylized facts regarding the joint distributions of the firm-level exports performance and productivity in a panel …-exporters. However, this productivity premium is rising with the export experience of firms, with permanent exporters being much more …