of the poor institutional environment on profits and the effect of limited competition on productivity measurement. …

– Inflation) x GDP = K_Index_Infl. Productivity Index: K_Index / Labor Force = K_PROD Inflation indexed Productivity Index: K …

This paper investigates the empirical relationship between labor productivity, real wages and real GDP in Singapore … from 1997 to 2011. The paper begins with a review of productivity, wage and growth situations in Singapore in the past … relation between labor productivity and real GDP but that wages seem to be caused by other underlying factors. However, real …

, the sector also contributed in an indirect way to economic growth by generating knowledge and productivity spill-overs for … characterised by a relatively weak productivity growth. Does this contribute to growth stagnation tendencies à la the so …-called “Baumol disease”? The paper argues that there is no reason to expect this as long as the productivity and growth spill …

capital. Theoretically, the stock of knowledge available in a country determines through innovation productivity growth. In … that way, we use a Vector Error Correction model (VECM) to evaluate the impact of human capital on productivity growth …. Productivity is approximated by the Total factors Productivity (TFP) evaluated by growth accounting method. Our estimates show that …