Showing 1 - 10 of 350
This paper studies the effect of public sector efficiency on firm productivity using data from more than 400,000 firms … significantly reduces the labor productivity of private sector firms. The results suggest that raising public sector efficiency … across Italy's provinces. Exploiting the large heterogeneity in the efficiency of the public sector across Italian provinces …
Persistent link: https://www.econbiz.de/10013016578
We reconsider the macroeconomic implications of public investment efficiency, defined as the ratio between the actual … capital/output ratio. The implication is that efficiency and scarcity of public capital are likely to be inversely related … across countries. It follows that both efficiency and the rate of return need to be considered together in assessing the …
Persistent link: https://www.econbiz.de/10012999742
, goods market efficiency, higher education, and innovation would permanently boost productivity growth by a total of 1 …Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural …
Persistent link: https://www.econbiz.de/10013102273
is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant … contributor to higher growth (through both capital accumulation and productivity) and lower output volatility, and in many … are islands have limited growth. Policies aimed at improving productivity, further development of the tourism sector, and …
Persistent link: https://www.econbiz.de/10013065148
While there is growing evidence of persistent or even permanent output losses from financial crises, the causes remain unclear. One candidate is intangible capital - a rising driver of economic growth that, being non-pledgeable as collateral, is vulnerable to financial frictions. By sheltering...
Persistent link: https://www.econbiz.de/10012840222
that China's productivity convergence remains at an early stage, with the industrial sector more advanced than services …
Persistent link: https://www.econbiz.de/10012843511
provides evidence of a significant and negative relationship between total public debt and productivity growth. Looking at the … specific channels through which high debt affects productivity growth and the allocation of resources in Jamaica, the study … excessively on a few maturing sectors with limited scope for productivity growth. Furthermore, public investment has been crowded …
Persistent link: https://www.econbiz.de/10012778208
Slow productivity growth has plagued the euro area since the mid-1990s. That is particularly striking in view of the … large productivity gains in the United States during the same period. This paper shows that the deceleration in labor … productivity in the euro area was caused by structural changes in wage formation that have affected the relative price of labor …
Persistent link: https://www.econbiz.de/10012783087
In the last few decades, real GDP growth and investment in advanced countries have declined in tandem. This slowdown was not the result of weak demand (there has been no shift along the Okun curve), but of a decline in potential output growth (which has shifted the Okun curve to the left). We...
Persistent link: https://www.econbiz.de/10012859859
Following very strong growth during the period 2000-12, emerging market economies (EMEs) experienced a slowdown in the last couple of years. This paper examines the supply-side drivers of the strong growth performance of 63 EMEs and investigates if the recent slowdown in growth is transitory or...
Persistent link: https://www.econbiz.de/10013040406