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Real Exchange Rate Levels, Productivity and Demand Shocks : Evidence From a Panel of 14 Countries
Johnston, Louis Dorrance - 1997
We investigate the long-run relationship between the real exchange rate, traded and nontraded productivity levels, and … find that in 1991 (the last year productivity data are available) there is less overvaluation of the U.S. dollar than that …
Persistent link: https://www.econbiz.de/10014401799
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Productivity in the OECD Countries : A Critical Appraisal of the Evidence
Calderón, César - 2001
suggested that these differences should be driven by cross-country differences in total factor productivity (TFP). This paper … discusses various measures of productivity and its determinants for the OECD countries from different dimensions: (i) the … measurement perspective; (ii) evidence on the evolution of productivity levels across OECD countries; and (iii) a critical review …
Persistent link: https://www.econbiz.de/10014403617
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International Spillovers of Taxiation
International Monetary Fund - 1989
This paper highlights key issues pertinent for the understanding of international effects of domestic tax policies and of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the analysis of international economic interdependence focusing on...
Persistent link: https://www.econbiz.de/10014396181
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International Spillovers of Macroeconomic Shocks : A Quantitative Exploration
Laxton, Douglas - 2000
This paper provides a quantitative exploration of international spillovers of macroeconomic shocks among the major industrial economies. The particular topical example analyzed here concerns the possible effects on the industrial economies of adverse shocks to the current U.S. economic...
Persistent link: https://www.econbiz.de/10014399922
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Productivity in the Netherlands
Ando, Sakai - 2020
the growth in labor. If GDP is divided by labor, productivity growth appears to have been slower than in peers. This … chapter discusses both exogenous and endogenous factors behind the disappointing productivity growth in the Netherlands and …
Persistent link: https://www.econbiz.de/10012300638
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Estimating potential growth in the Middle East and Central Asia
Mitra, Pritha; Hosny, Amr; Abajyan, Gohar; Fischer, Mark - 2015
the next five years. The reasons behind this slowdown differ across the region. Lower productivity growth drives the … productivity growth is key to unlocking the region's higher growth potential. For oil importers, raising physical capital …
Persistent link: https://www.econbiz.de/10011281972
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On the substitution of private and public capital in production
An, Zidong; Kangur, Alvar; Papageorgiou, Chris - 2019
Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. Implicitly this assumes that private and public capital stocks are perfect substitutes. In this paper we test this assumption by...
Persistent link: https://www.econbiz.de/10012154588
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Relating the Knowledge Production Function to total Factor Productivity : An Endogenous Growth Puzzle
Joutz, Frederick L. - 2005
The knowledge production function is central to R&D-based growth models. This paper empirically investigates the knowledge production function and intertemporal spillover effects using cointegration techniques. Time-series evidence suggests there are two long-run cointegrating relationships. The...
Persistent link: https://www.econbiz.de/10014400700
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Capital Operating Time and total Factor Productivity Growth in France
Nadal-De Simone, Francisco - 2003
to scale. Total factor productivity growth, estimated as an unobservable variable, has declined steadily since the late …
Persistent link: https://www.econbiz.de/10014403881
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Sources of Growth in the Democratic Republic of the Congo : A Cointegration Approach
Cinyabuguma, Matthias - 2004
relative importance of total factor productivity growth and factor accumulation, using a cointegration method and a growth … factor productivity and capital accumulation) contributed to the country''s economic decline during the 40-year period, 1960 …
Persistent link: https://www.econbiz.de/10014404167