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United States relative to Japan. High productivity growth in the traded sector of the Japanese economy results in a …
Persistent link: https://www.econbiz.de/10014157561
capital on private sector output and productivity growth in Sweden. We do this by specifying and implementing empirically a …
Persistent link: https://www.econbiz.de/10014157865
This paper provides technical documentation to accompany the NBER manufacturing productivity (MP) database. The … estimates of total factor productivity (TFP) growth for each industry. The paper further discusses alternate methods of …
Persistent link: https://www.econbiz.de/10014157946
dynamic productivity-based models are used to motivate the empirical exercise. The candidate determinants include productivity … sectoral productivity differentials is estimated with greater precision as long as homogeneity of parameters is imposed upon … most empirically successful model of the real exchange rate includes sectoral productivity measures in the long run …
Persistent link: https://www.econbiz.de/10014158072
that average productivity rises, that the firm will attract a more able work force and that the variance in output across … structures between 1994 and 1995. All theoretical predictions are borne out. In the firm examined, the productivity effects are … worker-specific increase in productivity is passed on to workers in the form of higher wages …
Persistent link: https://www.econbiz.de/10014158607
This paper presents the results of a study of productivity growth and R&D in the 1970s using data on narrowly defined … the recent past. The results suggest a significant relationship between R&D and the growth of productivity; in versions … using total factor productivity as the dependent variable, the estimated rate of return to R&D investment is about 20 …
Persistent link: https://www.econbiz.de/10014120447
We model Moore's Law as efficiency of computer producers that rises as a by-product of their experience. We find that (1) Because computer prices fall much faster than the prices of electricity-driven and diesel-driven capital ever did, growth in the coming decades should be very fast, and that...
Persistent link: https://www.econbiz.de/10014120602
The dismal decade of 2010-19 recorded the slowest productivity growth of any decade in U.S. history, only 1.1 percent … per year in the business sector. Yet the pandemic appears to have created a resurgence in productivity growth with a 4 ….1 percent rate achieved in the four quarters of 2020. This paper provides a unified framework that explains productivity growth …
Persistent link: https://www.econbiz.de/10014080444
This paper develops estimates of TFP growth adjusted for movements in unobserved factor utilization for a panel of 29 countries and up to 37 years. When factor utilization changes are unobserved, the commonly used Solow residual mismeasures actual changes in TFP. We use a general equilibrium...
Persistent link: https://www.econbiz.de/10014101491
Since 2010, U.S. GDP growth has been anemic, averaging 2.1% a year, and this despite interest rates very close to zero. Historically, one would have expected such low sustained rates to lead to much stronger demand. They have not. For a while, one could point to plausible culprits, from a weak...
Persistent link: https://www.econbiz.de/10012963167