Showing 1 - 10 of 805
A standard statistical perspective on the U.S. Great Inflation is that it involves an increase in the stochastic trend rate of inflation, defined as the long-term forecast of inflation at each point in time. That perspective receives support from two sources: the behavior of long-term interest...
Persistent link: https://www.econbiz.de/10012754820
providing little or no incremental value. In this paper, we draw on macroeconomic models of diffusion and productivity to better … differences in the propensity to adopt technology can lead to wide and persistent productivity differences across countries -- or … productivity, and swamp the impact of traditional factor inputs. Holding technology constant, the marginal gains from spending on …
Persistent link: https://www.econbiz.de/10012754821
early 90s to drive a Japanese productivity slowdown. The model can reproduce the observed decline, relative to trend of Ramp …
Persistent link: https://www.econbiz.de/10012754982
The Cliometrics literature on slave efficiency has generally focused on static questions. We take a decidedly more dynamic approach. Drawing on the records of 142 plantations with 509 crops years, we show that the average daily cotton picking rate increased about four-fold between 1801 and 1862....
Persistent link: https://www.econbiz.de/10012755147
The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that … intensively use information technologies (IT). This has not occurred in Europe. If the US quot;productivity miraclequot; is due to … located abroad. This paper shows in fact that US multinationals operating in the UK do have higher productivity than non …
Persistent link: https://www.econbiz.de/10012755383
In this paper we calculate and analyze the automobile industries cost and productivity experience during the 1970 's in … factor productivity (TFP) gross. This is achieved through a novel application of the Viner-Wng envelope theorem, which allows … correct for this source of productivity change would have led to a 31% under estimate of long-run TFP growth in Canada arid a …
Persistent link: https://www.econbiz.de/10012755399
We study the effects of immigration on the diversity of consumption choices. Data from California in the 1990s indicate that immigration is associated with fewer stand-alone retail stores, and a greater number of large and in particular big-box retailers - evidence that likely contradicts a...
Persistent link: https://www.econbiz.de/10012757528
Does limited access to formal savings services impede business growth in poor countries? To shed light on this question, we randomized access to non-interest-bearing bank accounts among two types of self-employed individuals in rural Kenya: market vendors (who are mostly women) and men working...
Persistent link: https://www.econbiz.de/10012757920
unanticipated and large, they are a plausible instrument for identifying the impact of exporting on firm productivity and other … that export growth leads to increases firm productivity and other firm performance measures. Consistent with quot …;earning-by-exportingquot;, the productivity impact of export growth is greater when firms export to more developed countries …
Persistent link: https://www.econbiz.de/10012758022
productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output … growth, far less attention has been paid to its effects on productivity growth. We provide a comprehensive analysis of the … relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that includes various …
Persistent link: https://www.econbiz.de/10012758028