Showing 1 - 10 of 2,031
We estimate the rate of total factor productivity growth in Indian manufacturing industry for the period 1973-1992, and … it ignores the additional capital formation made possible by an increase in productivity and therefore understates … productivity's true importance. Our estimates suggest that the understatement may be quite large, and that one might better ask if …
Persistent link: https://www.econbiz.de/10013322875
productivity across the region. One of the striking patterns that emerges is how the extent of openness and the competitiveness of … markets affects the relative productivity of firms across the region. Firms with foreign ownership and firms that export are … significantly more productive, and the productivity gap is larger the less developed is the local market. We exploit the rich set of …
Persistent link: https://www.econbiz.de/10013232143
A substantial part of international differences in prices of individual products, both goods and services, can be explained by differences in per capita income, wage compression, or low wage dispersion among low-wage workers, and short-term exchange rate fluctuations. Higher per capita income is...
Persistent link: https://www.econbiz.de/10012759959
The purpose of this paper was to investigate whether there is a relationship between the degree of wage dispersion in a country and its price level relative to other countries, compared in a common currency. It was found that once a country's real per capita income and deviations of its exchange...
Persistent link: https://www.econbiz.de/10013220939
Resource misallocation can lower aggregate total factor productivity (TFP). We use micro data on manufacturing … establishments to quantify the potential extent of misallocation in China and India compared to the U.S. Compared to the U.S., we … measure sizable gaps in marginal products of labor and capital across plants within narrowly-defined industries in China and …
Persistent link: https://www.econbiz.de/10012759917
We study whether current spending levels and public knowledge of them contribute to transatlantic differences in policy preferences by implementing parallel survey experiments in Germany and the United States. In both countries, support for increased education spending and teacher salaries falls...
Persistent link: https://www.econbiz.de/10012979764
Many low skilled jobs have been substituted away for machines in Europe, or eliminated, much more so than in the US, while technological progress at the quot;topquot;, i.e. at the high-tech sector, is faster in the US than in Europe. This paper suggests that the main difference between Europe...
Persistent link: https://www.econbiz.de/10012754112
present data on capital output ratios, on estimated productivity levels and on patent creation, which support the predictions …
Persistent link: https://www.econbiz.de/10013030615
and productivity. A model with monopolistic competition, a continuum-of-goods, and endogenous tradability allows for … theory and history to be consistent for a wide range of underlying productivity shocks …
Persistent link: https://www.econbiz.de/10013114711
The level of productivity doubled in the U.S. nonfarm business sector between 1970 and 2006. Wages, or more accurately … adjusted for inflation in the same way as the nominal output measure that is used to calculate productivity. Total employee …
Persistent link: https://www.econbiz.de/10012759370