-specific productivity shocks tend to worsen the current account, whereas global shocks have little effect. Both types of shock raise … investment. It is a puzzle, however, for the intertemporal model that long-lasting local productivity shocks have a larger impact …

countries matters for productivity, because a country that imports primarily from technological leaders receives more technology … trade patterns in determining technology flows that affect productivity by using industry level data for machinery goods … imports and productivity in eight OECD countries between 1970-91. First evidence that these countries benefit more from …

Using data for the G7 countries, I estimate conditional correlations of employment and productivity, based on a …) technology shocks appear to induce a negative comovement between productivity and employment, counterbalanced by a positive … positive technology shock, and (c) measured productivity increases temporarily in response to a positive demand shock. More …

This paper shows how misleading is the facile contrast of Europe following a path of high productivity growth, high … structural shocks may initially create a positive tradeoff between productivity and unemployment, they set in motion a dynamic … theoretical contributions of this paper are to show how a productivity-unemployment tradeoff might emerge and how it might …

How does a country's productivity growth a¤ect worldwide real incomes through international trade? In this paper, we … take this classic question to the data by measuring the spillover e¤ects of China's productivity growth. Our framework … the spillover e¤ects of China's productivity growth are small causing the real incomes of China's trading partners to …

at the micro level typically reduces total factor productivity at the macro level. Quantifying these effects is leading …

) definition of aggregate productivity growth, which aggregates plant-level changes to changes in aggregate final demand in the … technologies, one for each 4-digit SIC code. On average we find positive aggregate productivity growth of 2.2% in this sector … for both the theoretical literature on growth and alternative indexes of aggregate productivity growth based only on …

, distortions in the supply of non-traded inputs, and perverse incentives for informality creates a drag on productivity growth …