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Technology Shocks and Aggregate Fluctuations : How Well Does the RBC Model Fit Postwar U.S. Data?
Galí, Jordi - 2004
Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the...
Persistent link: https://www.econbiz.de/10014403910
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Multinational Enterprises, International Trade, and Productivity Growth : Firm-Level Evidence From the United States
Yeaple, Stephen R. - 2003
(FDI) between 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity … productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for import-related spillovers, but it …
Persistent link: https://www.econbiz.de/10014403965
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The macroeconomic impacts of digitalization in Sub-Saharan Africa : evidence from submarine cables
Simione, Félix F.; Li, Yiruo - 2021
Persistent link: https://www.econbiz.de/10012605015
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Information Technology and Productivity Growth in Asia
Lee, Il Houng - 2003
in Asia during the 1990s is found to be mainly from capital deepening. Total factor productivity (TFP) is also decomposed …
Persistent link: https://www.econbiz.de/10014400062
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You Say You Want a Revolution : Information Technology and Growth
Morsink, James - 2002
that IT is contributing to labor productivity growth through both increases in the levels of IT capital per worker and … total factor productivity (TFP) growth in the production of IT equipment. The main outstanding issue is whether IT is …
Persistent link: https://www.econbiz.de/10014401314
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Macro Effects of Corporate Restructuring in Japan
Kim, Se-Jik - 2003
applies it to Japan. Using firm-level financial statement data, it estimates total factor productivity (TFP) of individual … Japanese firms. Given the estimated distribution of productivity across firms, the paper simulates the effect of optimal …
Persistent link: https://www.econbiz.de/10014403905
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ICT, financial inclusion, and growth : evidence from African countries
Andrianaivo, Mihasonirina; Kpodar, Kangni - 2011
Persistent link: https://www.econbiz.de/10009486242
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Determinants of Barter in Russia : An Empirical Analysis
Mumssen, Christian - 2000
This paper analyzes the causes and consequences of non-monetary transactions in Russia, drawing on a large enterprise survey. We show that barter and offsets are linked to liquidity problems at the level of the firm and to arrears in particular. We find evidence that the state has channeled...
Persistent link: https://www.econbiz.de/10014403499
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What happens if central banks misdiagnose a slowdown in potential output growth?
Bakker, Bas B. - 2019
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/10012103759
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Macroeconomic consequences of tariffs
Furceri, Davide; Ahmed Hannan, Swarnali; Ostry, … - 2019
, to economically and statistically significant declines in domestic output and productivity. Tariff increases also result …. The effects on output and productivity tend to be magnified when tariffs rise during expansions, for advanced economies …
Persistent link: https://www.econbiz.de/10012001500