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reallocation is closely linked to productivity. While these patterns hold on average, the extent to which the reallocation dynamics … accelerated reallocation even more productivity enhancing than reallocation in normal times. In the Great Recession, we find the … intensity of reallocation fell rather than rose and the reallocation that did occur was less productivity enhancing than in …
Persistent link: https://www.econbiz.de/10013032698
labor productivity growth during this period. Offshoring material inputs also has a positive effect on productivity, but the … magnitude is smaller accounting for approximately 5 percent of productivity growth … have made it possible to trade in some business and computing services that were previously considered non-tradable. This …
Persistent link: https://www.econbiz.de/10013249187
to which) structural change contributes to overall productivity growth. In countries with a relatively large share of …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 …
Persistent link: https://www.econbiz.de/10013123689
We measure the impact of a drastic new technology for producing steel - the minimill - on the aggregate productivity of … industry's productivity is linked to this new technology, and operates through two distinct mechanisms. First, minimills … third of the increase in the industry's productivity. Second, increased competition, due to the expansion of minimills …
Persistent link: https://www.econbiz.de/10013064665
euro has been accompanied by a reallocation of activity within rather than across sectors. Since its adoption, productivity … growth has been relatively stronger in country-sectors that once relied more on competitive devaluations to regain price …
Persistent link: https://www.econbiz.de/10012758241
urban locations is endogenous and linked to productivity differences between the two locations and survival probabilities …
Persistent link: https://www.econbiz.de/10012760436
William Baumol and his co-authors have analyzed the impact of differential productivity growth on the health of … and price increases, take a rising share of national output, and slow aggregate productivity growth. Using industry data … have tended to lower overall productivity growth as the share of stagnant sectors has risen over the second half of the …
Persistent link: https://www.econbiz.de/10012761577
This paper decomposes Botswana's growth from the late 1960s through 2010 into a within-sector and a between …-sector (structural change) component. We find that during the 70s and 80s Botswana's rapid economic growth was characterized by … around 40 percent. Between 1990 and 2010 growth was also rapid, but structural change detracted from growth. We hypothesize …
Persistent link: https://www.econbiz.de/10013024884
This paper explores the role of knowledge flows and productivity growth by linking direct survey data on knowledge … flows to firm-level data on TFP growth. Our data measure the information flows often considered important, especially by … empirically important sources of knowledge flows? (b) to what extent do such flows contribute to TFP growth? (c) do such flows …
Persistent link: https://www.econbiz.de/10012751505
innovation will be required to preserve past productivity gains in the face of climate change, coevolving pests and diseases, and … changing technological regulations—let alone increase productivity. Great potential exists for innovation in crop and livestock …
Persistent link: https://www.econbiz.de/10013322662