Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends … reductions in TFP growth. These results have important policy implications, including that low productivity growth in some …

with imperfect capital mobility, nominal wage contracts with backward- or forward-looking price expectations, and … shown to be independent of the expectational mechanism embedded in wage contracts. A reduction in the nominal devaluation …

the growth in labor. If GDP is divided by labor, productivity growth appears to have been slower than in peers. This … chapter discusses both exogenous and endogenous factors behind the disappointing productivity growth in the Netherlands and …

of endogenous growth for a small open economy that is driven by increases in labor productivity from learning and that …

productivity growth in most sectors, played an important role in suppressing employment creation. The paper also finds that while … there is a co-integrating link between the real wage and labor productivity, the deviations from equilibrium are persistent … and thus contribute to a weak link between real wage growth and labor productivity growth in the short term. This finding …

This paper seeks to investigate the transmission mechanisms linking productivity to the real exchange rate in the … former Yugoslav Republic of Macedonia. At first glance, the stylized facts-low labor productivity growth and a trend real …

This paper assesses productivity trends in Canada vis-a-vis the United States from two perspectives. The first one is … based on estimates of total factor productivity. The second one decomposes productivity growth into two sources: investment … underlying cause of the pickup in productivity in Canada and the narrowing of the productivity gap with the United States …

Total factor productivity (TFP) of 14 manufacturing sectors in France has kept up with that of the United States during … indicate that sectors further behind the technological frontier experience faster productivity growth and that spending on … ratio and the ratio of the minimum wage to the median wage …