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-section) data. In contrast, this paper employs a technique for using a panel of both cross-section and time-series data for 98 …
Persistent link: https://www.econbiz.de/10014395840
The standard growth accounting framework, which weights various inputs by their factor shares to measure their contributions to output growth, is known to underestimate the contribution of inputs in the presence of externalities and increasing returns. This paper develops a model in which, in...
Persistent link: https://www.econbiz.de/10014396032
) asymptotically, the heterogeneity bias of the FE may be more or less severe in VAR specifications than in standard dynamic panel data …This paper studies asymptotically the bias of the fixed effect (FE) estimator induced by cross-section heterogeneity in … estimators; (iii) when this happens, the panel must be longer than a typical macro dataset for the MG to be a viable solution …
Persistent link: https://www.econbiz.de/10014403829
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
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
-country differences in total factor productivity (TFP) levels. Two differences distinguish this analysis from that of the related …
Persistent link: https://www.econbiz.de/10014400197
The paper develops a methodology based on the production-function approach to estimate potential output of the Polish economy. The paper concentrates on obtaining a robust estimate of the labor input by deriving Poland''s natural rate of unemployment. The estimated unemployment gap is found to...
Persistent link: https://www.econbiz.de/10014404320
&D. The analysis employs various panel data techniques and uses patent and R&D data for 20 OECD and 10 Non-OECD countries for …
Persistent link: https://www.econbiz.de/10014401529
This paper examines the ability of alternative classes of growth models to explain the historical experience of the U.S. economy. The potential returns to the U.S. from raising its investment rate in terms of both the level and growth rate of future output are then quantified. The long-run...
Persistent link: https://www.econbiz.de/10014396329
Persistent link: https://www.econbiz.de/10011373994