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advanced Europe, where wages are more closely related to inflation and inflation expectations in the short run, implying … the build up of a real wage overhang relative to sharply slowing labor productivity, which subsequently dragged on nominal …
Persistent link: https://www.econbiz.de/10012102142
time, industry-level analysis suggests ample scope to raise productivity, especially in services where productivity gains …
Persistent link: https://www.econbiz.de/10012604751
Persistent link: https://www.econbiz.de/10012605015
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
productivity, while import liberalization has ambiguous effects. Resource misallocation can either amplify, dampen or reverse the … productivity gains. Guided by theory, we provide evidence consistent with these effects operating through reallocations across … firms in the presence of distortions: (i) Both export and import expansion increase average firm productivity, but the …
Persistent link: https://www.econbiz.de/10012301837
have also contributed to increasing productivity and long-term growth. We explore empirically the impact of GVC … participation on productivity in Estonia using firm-level data from 2000 to 2016. We find that higher GVC participation at the … industry level significantly boosts productivity at both the industry and the firm level. Frontier firms, large firms, and …
Persistent link: https://www.econbiz.de/10012252668
. Using cross-country enterprise survey data, this paper shows that firms engaged in e-commerce have higher productivity and … percent higher productivity and generate about 50 percent more of their revenues from exports. The results presented in this … productivity and exports when essential elements are in place for its effective use, such as reliable electricity …
Persistent link: https://www.econbiz.de/10012102077
Italy's labor productivity in market services has declined since 2000, underperforming manufacturing and peer European …
Persistent link: https://www.econbiz.de/10012177630
This paper examines the impact of highway expansion on aggregate productivity growth and sectoral reallocation between … and indirect impact of trade costs on city productivity. I then construct an instrumental variable to examine the causal … productivity growth by facilitating firm entry, exit and reallocation. I also find evidence that the national highway system led to …
Persistent link: https://www.econbiz.de/10011978605
We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious 'buffer stock' model of optimal consumption in the presence...
Persistent link: https://www.econbiz.de/10009622528