Showing 1 - 10 of 1,070
Persistent link: https://www.econbiz.de/10009572379
Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a … ""balanced"" one in which China''s productivity grows at the same rate in each sector, and an ""unbalanced"" one in which China …''s comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well …
Persistent link: https://www.econbiz.de/10014396905
The past two decades have seen a decline in labor''s share of national income in several industrial countries. This paper analyzes the role of three factors in explaining movements in labor''s share--factor-biased technological progress, openness to trade, and changes in employment...
Persistent link: https://www.econbiz.de/10014400148
components of growth suggests that the adverse effect largely reflects a slowdown in labor productivity growth mainly due to …
Persistent link: https://www.econbiz.de/10014402858
This paper evaluates the performance of Consensus Forecasts of GDP growth for industrialized and developing countries from 1989 to 1998. The questions addressed are (1) How do forecast errors differ across industrialized and developing countries? (2) How well do forecasters predict recessions?...
Persistent link: https://www.econbiz.de/10014399809
pervasively for labor. It makes simple and plausible assumptions: the AI revolution can be modeled as an increase in productivity …: improvements in the productivity of 'robots' drive divergence, as advanced countries differentially benefit from their initially …
Persistent link: https://www.econbiz.de/10012302048
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
This paper examines the extent to which there has been convergence in real per capita incomes across developing countries during the last two decades. In the analysis particular emphasis is placed on the separate roles played by private and public sector investment in determining both the extent...
Persistent link: https://www.econbiz.de/10014398433
The paper examines empirically the question of whether more unequal societies spend more on income redistribution than their more egalitarian counterparts. Theoretical arguments on this issue are inconclusive. The political economy literature suggests that redistributive spending is higher in...
Persistent link: https://www.econbiz.de/10014400085
knowledge” from its cumulative R&D activities, a developing country can boost its productivity by importing a larger variety of …
Persistent link: https://www.econbiz.de/10014398245