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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 …
Persistent link: https://www.econbiz.de/10013130268
at the micro level typically reduces total factor productivity at the macro level. Quantifying these effects is leading …
Persistent link: https://www.econbiz.de/10013130964
) 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 …
Persistent link: https://www.econbiz.de/10013131308
, distortions in the supply of non-traded inputs, and perverse incentives for informality creates a drag on productivity growth …
Persistent link: https://www.econbiz.de/10013137012
In this paper I use a cross country data set to analyze the relationship between trade orientation, trade distortions and growth. I first develop a simple endogenous growth model that emphasizes the process of technological absorption in small developing countries. According to this model...
Persistent link: https://www.econbiz.de/10013138665
In the aftermath of World War II, the world's economies exhibited very different rates of economic recovery. We provide evidence that those countries that caught up the most with the U.S. in the postwar period are those that also saw an acceleration in the speed of adoption of new technologies....
Persistent link: https://www.econbiz.de/10013115686
In 1950 Mexico entered an economic takeoff and grew rapidly for more than 30 years. Growth stopped during the crises of 1982-1995, despite major reforms, including liberalization of foreign trade and investment. Since then growth has been modest. We analyze the economic history of Mexico...
Persistent link: https://www.econbiz.de/10013117201
' productivity growth, ii) net sovereign debt flows (government borrowing minus reserves) are negatively correlated with growth only …
Persistent link: https://www.econbiz.de/10013120311
Large gaps in labor productivity between the traditional and modern parts of the economy are a fundamental reality of … developing societies. In this paper, we document these gaps, and emphasize that labor flows from low-productivity activities to … high-productivity activities are a key driver of development. Our results show that since 1990 structural change has been …
Persistent link: https://www.econbiz.de/10013123689
An analysis of the performance of GDP, employment and other labor market variables following the troughs in postwar U.S. business cycles points to much slower recoveries in the three most recent episodes, but does not reveal any significant change over time in the relation between GDP and...
Persistent link: https://www.econbiz.de/10013106308