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suggested that these differences should be driven by cross-country differences in total factor productivity (TFP). This paper … discusses various measures of productivity and its determinants for the OECD countries from different dimensions: (i) the … measurement perspective; (ii) evidence on the evolution of productivity levels across OECD countries; and (iii) a critical review …
Persistent link: https://www.econbiz.de/10014403617
We investigate the long-run relationship between the real exchange rate, traded and nontraded productivity levels, and … find that in 1991 (the last year productivity data are available) there is less overvaluation of the U.S. dollar than that …
Persistent link: https://www.econbiz.de/10014401799
We examine the issue of technical assistance versus brain drain repatriation as alternative strategies for transferring scarce skills to a skill-poor economy. Technical assistance relies mainly on expatriate skills and labor from the host country, while brain drain repatriation seeks to effect a...
Persistent link: https://www.econbiz.de/10014400864
This paper quantifies the magnitude and nature of migration flows from the Caribbean and estimates their costs and benefits. The Caribbean countries have lost 10-40 percent of their labor force due to emigration to OECD member countries. The migration rates are particularly striking for the...
Persistent link: https://www.econbiz.de/10014402983
In 1910, 12 percent of American 14-17 year olds were enrolled in high school; by 1930, enrollment had increased to 50 percent; enrollment in Britain was 12 percent in 1950. This paper argues that by increasing the skill premium, the massive inflows of European unskilled immigrants at the turn of...
Persistent link: https://www.econbiz.de/10014399647
The brain drain from developing countries has been lamented for many years, but knowledge of the empirical magnitude of the phenomenon is scant owing to the lack of systematic data sources. This paper presents estimates of emigration rates from 61 developing countries to OECD countries for three...
Persistent link: https://www.econbiz.de/10014403376
The combination of stagnant growth and high levels of income inequality renewed the debate about whether a more even distribution of income can spur economic activity. This paper tests for cross-country convergence in income inequality and estimates its impact on economic growth with a...
Persistent link: https://www.econbiz.de/10011716310
Wages have been rising faster than productivity in many European countries for the past few years, yet signs of …
Persistent link: https://www.econbiz.de/10012155053
attributed to low inflation expectations and low productivity growth. There is no evidence - from either aggregate or micro …
Persistent link: https://www.econbiz.de/10012155220
dollar wages on productivity and human capital proxies in a short (1990-95) panel of 85 countries. The main results are: (i …
Persistent link: https://www.econbiz.de/10014400527