) shifts with productivity growth. On this basis we estimate a dynamic system of macrolabour equations to evaluate the slope of … the PC and explain the evolution of inflation and unemployment in the US from 1970 to 2006. Since our empirical …-run. Furthermore, during the stagflating 70s, the productivity slowdown contributed substantially to the increases in both unemployment …

Using Italian data that includes both inflation forecasts of firms and external information on their balance sheets, we … study the causal effect of changes in the dispersion of beliefs about future inflation on the misallocation of resources. We … find that as disagreement increases, so does misallocation. In times of low inflation, the aggregate TFP loss of the …

with respect to productivity, we demonstrate that productivity growth affects the labour share in the long run due to … frictional growth (that is, the interplay of wage dynamics and productivity growth). In the light of this result, we consider a … (or, equivalently, the wage-productivity gap) deserves the attention of policy makers …

total factor productivity and by the capital stock per capita. These variables suffice to calculate welfare changes within a … the degree of market competition. It applies to open economies as well, if total factor productivity is constructed using … productivity be constructed with prices and quantities as perceived by consumers, not firms. Thus, factor shares need to be …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …

productivity and convergence. The potential existence of geographical spillovers of human capital is also considered by applying … of human capital on regional productivity and convergence, but reveals no evidence of any positive geographical …

We use plant output and input prices to decompose the profit margin into four parts: productivity, demand shocks, mark … the impact of productivity, and other market fundamentals, on plant exit. A dynamic simulation that compares the … distribution of productivity with and without the trade reform shows that improvements in market selection from trade reform help …

productivity. In particular, we find that doubling agricultural credits generates around 4-5 percent increase in agricultural … productivity. We use two different agricultural production measures: (i) the agricultural component of GDP and (ii) agricultural … labor productivity. Employing a combination of panel-data and instrumental- variable methods, we show that agricultural …

productivity (TFP) growth of 30 Chinese provinces during the period of 1993 to 2003. The random effects model with heteroscedastic … change measured by the single time trend and the general index approach are used. Based on the measures of technical change …

's foreign intelligence service to sector-specific gaps in total factor productivity (TFP) between West and East Germany. Based …