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Product and Labor Market Regulations, Production Prices, Wages and Productivity

Cette, Gilbert - 2014

basis of their calibration by the OECD product and labour market anti-competitive regulation indicators suggests that nearly …

Persistent link: https://www.econbiz.de/10013046151

Clusters, Convergence, and Economic Performance

Delgado, Mercedes - 2015

This paper evaluates the role of regional cluster composition in the economic performance of industries, clusters and … (1998, 2003), we develop a systematic empirical framework to identify the role of regional clusters - groups of closely … agglomeration within clusters. We find that, after controlling for the impact of convergence at the narrowest unit of analysis …

Persistent link: https://www.econbiz.de/10013036681

Relative Labor Productivity and the Real Exchange Rate in the Long Run : Evidence for a Panel of OECD Countries

Canzoneri, Matthew B.; Cumby, Robert E.; Diba, Behzad - 2021

The Balassa-Samuelson model, which explains real exchange rate movements in terms of sectoral productivities, rests on two components. First, for a class of technologies including Cobb-Douglas, the model implies that the relative price of nontraded goods in each country should reflect the...

Persistent link: https://www.econbiz.de/10013252311

When, Where, and Why? Early Industrialization in the Poor Periphery 1870-1940

Williamson, Jeffrey G. - 2010

This paper documents industrial output and labor productivity growth around the poor periphery 1870-1940 (Latin America, the European periphery, the Middle East, South Asia, Southeast Asia and East Asia). Intensive and extensive industrial growth accelerated there over these seven critical...

Persistent link: https://www.econbiz.de/10013138324

Unconditional Convergence

Rodrik, Dani - 2011

Unlike economies as a whole, manufacturing industries exhibit unconditional convergence in labor productivity. The paper documents this finding for 4-digit manufacturing sectors for a large group of developed and developing countries over the period since 1990. The coefficient of unconditional...

Persistent link: https://www.econbiz.de/10013119042

Monetary Policy, Liquidity, and Growth

Aghion, Philippe - 2012

In this paper, we use cross-industry, cross-country panel data to test whether industry growth is positively affected by the interaction between the reactivity of real short term interest rates to the business cycle and industry-level measures of financial constraints. Financial constraints are...

Persistent link: https://www.econbiz.de/10013106665

Comparing Real Wages

Ashenfelter, Orley - 2012

A real wage rate is a nominal wage rate divided by the price of a good and is a transparent measure of how much of the good an hour of work buys. It provides an important indicator of the living standards of workers, and also of the productivity of workers. In this paper I set out the conceptual...

Persistent link: https://www.econbiz.de/10013107514

Exploring Reallocation's Apparent Weak Contribution to Growth

Nishida, Mitsukuni - 2015

Two recent meta-analyses use variants of the Baily, Hulten, and Campbell (1992) (BHC) decompositions to ask whether recent robust growth in Aggregate Labor Productivity (ALP) across twenty-five countries is due to lower barriers to input reallocation. They find weak gains from measured...

Persistent link: https://www.econbiz.de/10013012453

Age and Great Invention

Jones, Benjamin F. - 2021

Great achievements in knowledge are produced by older innovators today than they were a century ago. Using data on Nobel Prize winners and great inventors, I find that the age at which noted innovations are produced has increased by approximately 6 years over the 20th Century. This trend is...

Persistent link: https://www.econbiz.de/10013219327

Why Do Some Countries Produce so Much More Output Per Worker than Others?

Hall, Robert E.; Jones, Charles I. - 2021

Output per worker varies enormously across countries. Why? On an accounting basis, our analysis shows that differences in physical capital and educational attainment can only partially explain the variation in output per worker we find a large amount of variation in the level of the Solow...

Persistent link: https://www.econbiz.de/10013224182

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