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The recession left its mark on global productivity, which fell in 2009. The productivity growth differential between the United States and Europe increased dramatically in 2009. Average long-term growth of labour productivity in advanced economies has stalled since 2000. The gradual improvement...
Persistent link: https://www.econbiz.de/10008752329
This article attempts to explain the relatively poor productivity growth in four major EU countries (Germany, France, United Kingdom, and Netherlands) relative to the United States. Our study is carried out from a sectoral perspective, focussing on the financial and business services sectors....
Persistent link: https://www.econbiz.de/10008752331
developments in the oil and gas industry, notably the increase in the price and production of petroleum, have affected productivity …
Persistent link: https://www.econbiz.de/10011185159
This article identifies three priorities for future productivity research: intangible assets, a better understanding of the impact of innovation on productivity, and a bridging of the gap between firm-level measures of productivity and industry-level and aggregate measures. It also makes the...
Persistent link: https://www.econbiz.de/10011185160
The production function underlying standard estimates of multifactor productivity (MFP)typically restricts the list of … in the national accounts, and in most industries are the most important or significant inputs to production. All other … unmeasured natural resource input changes. As MFP growth estimates derived from the application of the usual production function …
Persistent link: https://www.econbiz.de/10011185161
Recent empirical studies confirm that the contribution of intangible capital investment to labour productivity growth is comparable to that of tangible capital investment for a wide range of countries, including the United States, the United Kingdom, Canada, Germany, and France. Following...
Persistent link: https://www.econbiz.de/10011185162
This article puts forward three priority areas for future productivity research. It first identifies important data gaps related to non-produced, non-financial assets such as land and sub-soil assets as the exclusion of these assets can lead to biased multifactor productivity growth estimates....
Persistent link: https://www.econbiz.de/10011185163
This article identifies health care, intangible capital, and the high-tech sector as priority areas for productivity research. In terms of health care, it highlights the importance of getting prices right and the key role that a satellite account for health care can play for productivity...
Persistent link: https://www.econbiz.de/10011185164
The 2000-2012 period was a difficult time for the Canadian forest products sector. Yet despite an unfavourable environment the sector experienced an above-average productivity performance, driven in particular by the wood product manufacturing subsector. While the forestry and logging subsector...
Persistent link: https://www.econbiz.de/10011185165
production function. Finally, it points out that the classification issues associated with factory-less goods producers have …
Persistent link: https://www.econbiz.de/10011185166