As labor has become more mobile in today''s world, it is important to understand the income and welfare of nationals … migration, and calculates them using New Zealand data. Growth performance measured by New Zealanders'' income has been clearly …

This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade … leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate … of the economy. Using a dynamic panel data model, the hypotheses of no long-run effects of trade on income and on income …

general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility … mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low … fertility today lowers the domestic return to capital and raises the domestic return to labor. In addition, the paper finds no …

large extent, by total factor productivity (TFP) and, to a lower extent, by physical and human capital accumulation. A …; implementing structural reforms necessary to improve productivity and efficiency of investment; attaining fiscal consolidation; and …

components of growth suggests that the adverse effect largely reflects a slowdown in labor productivity growth mainly due to …

Italy’s deep-rooted structural problems resulted in an unsatisfactory productivity performance and a dismal growth over … decline in output is mainly accounted for by a collapse in productivity; in the medium term, employment and capital are also …

lower Total Factor Productivity (TFP) growth. It also suggests that raising real GDP growth will require increases in both … investment levels and productivity. With a ratio of investment to GDP of 13 percent during the last decade, significantly higher … productivity growth and investment will be needed to sustain GDP growth rates at 5 percent or higher. The historical performance …

of standard Real Business Cycle models, a positive shock to the underlying rate of total factor productivity growth …