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The recent global recession requires policy makers to identify the relative importance of shock transmission mechanisms in each region and devise counter policy measures against future idiosyncratic shocks. In the last decade, world dynamics have changed considerably due to increased openness...
Persistent link: https://www.econbiz.de/10008533255
that the productivity of skilled workers has risen relative to the unskilled, but it is not easy to explain why the … aggregate labour productivity was stagnant during the 1980s. Alternatively, I have constructed a theoretical model which assumes … that the demand for white-collar workers increases not because their productivity grows faster, but because increasing …
Persistent link: https://www.econbiz.de/10011111499
its exports, as well as (ii) the relationship between the export prices of a firm and its productivity. The paper extends … costs. There are three key findings. First, there exists a positive relationship between firm productivity and export prices … because the choice of higher-quality inputs is associated with higher productivity. Second, tighter credit constraints faced …
Persistent link: https://www.econbiz.de/10011114390
Over the past decades, private R&D spending in the US and other developed countries has been growing faster than GDP. At the same time, the growth rates of per capita and aggregate output have been rather stable, possibly declining slightly. This paper proposes a growth model that can account...
Persistent link: https://www.econbiz.de/10011260218
GPT by a particular industry generates an increase in the productivity of manufacturing workers at Home. By assumption …
Persistent link: https://www.econbiz.de/10005617102
This contribution is an analysis and a comment of the Final Remarks of the Governor of the Bank of Italy and his directions of economic policy for the Italian economy. An economy that has a high unemployment and also supports a public debt that, despite the recent efforts of fiscal...
Persistent link: https://www.econbiz.de/10011261012
Globalization and strengthening of integration processes have, among other things, also influenced some solutions relating to monetary sovereignty of particular countries. A great number of transition countries as well as some other underdeveloped countries are facing both inefficiency in their...
Persistent link: https://www.econbiz.de/10005620044
This paper delivers a simple model to generalize the successful trade liberalization experiences in East Asian countries as a strategy for attaining inclusive and sustained economic growth. The sequential approach, based on preserving existing production units while liberalizing export-oriented...
Persistent link: https://www.econbiz.de/10008839474
Abstract This paper explores the main issues involved in examining the gender impact of international capital flows to developing countries. It argues that at the macroeconomic level women lose more than men from slow and/or unstable economic growth, financial crises and meltdowns, the more so...
Persistent link: https://www.econbiz.de/10011114512
Given the decline in growth momentum in the manufacturing sector in many OECD countries, the role of knowledge-based capital has emerged as a key driver for sustained growth. While empirical studies on estimating knowledge spillovers have usually been undertaken at the country level, the...
Persistent link: https://www.econbiz.de/10011251881