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Slow productivity growth has plagued the euro area since the mid-1990s. That is particularly striking in view of the … large productivity gains in the United States during the same period. This paper shows that the deceleration in labor … productivity in the euro area was caused by structural changes in wage formation that have affected the relative price of labor …
Persistent link: https://www.econbiz.de/10014404033
. 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
-distributed firm productivity, which has become a tractable benchmark. This benchmark model predicts that, conditional on the fixed …-level productivity, fixed costs and demand shifters, and use 'exact hat algebra' to quantify the effects of a decline in trade costs on …
Persistent link: https://www.econbiz.de/10011978438
We study the impact of bank credit on firm productivity. We exploit a matched firm-bank database covering all the …
Persistent link: https://www.econbiz.de/10012021983
comparative advantage. The results show that firms are more likely to export if they belong to the comparative advantage industry …, if they enjoy a higher productivity, or if they benefit from foreign, domestic, or communication networks …
Persistent link: https://www.econbiz.de/10014400812
Emerging Europe has undergone a major economic transformation over the past 25 years. Most countries experienced initial drops in output during transition, followed by recovery in the second half of the 1990s. The path of transition in the Western Balkans has however been particularly uneven....
Persistent link: https://www.econbiz.de/10011434920
The paper develops robust measures of core inflation for Vietnam that can be used in policy making. These core inflation measures (CIMs) are based on an analytical evaluation of the inflation process in Vietnam, and use a filtering approach to narrow down potential measures that satisfy certain...
Persistent link: https://www.econbiz.de/10011436747
satellite-recorded nighttime lights as an additional measurement of true GDP per capita, we provide a statistical framework, in … results for measurement error models to identify and estimate the nonlinear relationship between nighttime lights and true GDP …
Persistent link: https://www.econbiz.de/10012019789
Persistent link: https://www.econbiz.de/10011282718
We apply a range of models to the U.K. data to obtain estimates of the output gap. A structural VAR with an appropriate identification strategy provides improved estimates of output gap with better real time properties and lower sensitivity to temporary shocks than the usual filtering...
Persistent link: https://www.econbiz.de/10012170152