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Keller (1998) reexamines Coe and Helpman`s (1995) analysis of international R&D spillovers focusing on the weights used to define the foreign R&D capital stock. Keller creates random weights and shows that they give rise to positive estimates of international R&D spillovers, casting doubts on...
Persistent link: https://www.econbiz.de/10013317731
wage growth and inflation in Europe and factors that influence the strength of the passthrough from labor costs to prices …. Historically, wage growth has led to higher inflation, but the impact has weakened since 2009. Empirical analysis suggests that the … passthrough from wage growth to inflation is significantly lower in periods of subdued inflation and inflation expectations …
Persistent link: https://www.econbiz.de/10012842209
understand sources of cross-country variations in agricultural TFP levels and its growth rates. Two factors affecting … rainfall shortages impede TFP growth, particularly in low-income countries (LICs). We also provide a new evidence that, within …
Persistent link: https://www.econbiz.de/10012889166
, reaching lower middle-income status in 2010. In line with rapid economic growth, Vietnam has achieved impressive progress …
Persistent link: https://www.econbiz.de/10012839679
Under a monetary dominant (MD) regime, the primary surplus adjusts to limit debt growth, permitting monetary policy to … debt increases, growth falls, or interest rates rise …
Persistent link: https://www.econbiz.de/10013317976
This study investigates the impact of the current financial crisis on Canada's potential GDP growth. Using a simple … accounting framework to decompose trend GDP growth into changes in capital, labor services and total factor productivity, we find … a sizeable drop in Canadian potential growth in the short term. The estimated decline of about 1 percentage point …
Persistent link: https://www.econbiz.de/10013134722
Italy's labor productivity in market services has declined since 2000, underperforming manufacturing and peer European countries, especially in strongly regulated sectors. A model of monopolistic competition is used to identify which service sectors would benefit more from removing entry and/or...
Persistent link: https://www.econbiz.de/10012836104
This paper studies whether FDI firms employ more workers than domestic firms for each dollar of assets. Using the Orbis database and its ownership structure information, we show that, in most economies, domestic firms tend to employ more workers per asset than FDI firms. The result remains...
Persistent link: https://www.econbiz.de/10012836522
models to predict real output growth with lower forecast errors than traditional models. By combining multiple machine …
Persistent link: https://www.econbiz.de/10012836537
The reform of the Italian public administration has been a priority for at least two decades, with several major initiatives undertaken toward modernization and simplification. Notwithstanding laudable intentions, however, progress remains limited. This analysis is a case study of two reforms...
Persistent link: https://www.econbiz.de/10012839309