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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 …
Persistent link: https://www.econbiz.de/10012464696
) definition of aggregate productivity growth, which aggregates plant-level changes to changes in aggregate final demand in the … technologies, one for each 4-digit SIC code. On average we find positive aggregate productivity growth of 2.2% in this sector … for both the theoretical literature on growth and alternative indexes of aggregate productivity growth based only on …
Persistent link: https://www.econbiz.de/10012461957
and labor productivity are all linked to factor endowments, to one where (endogenous) productivity change embedded in … Spain, a country which had relatively poor productivity growth in agriculture and low living standards prior to 1800, was a … productivity after 1898 …
Persistent link: https://www.econbiz.de/10012465599
leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity …
Persistent link: https://www.econbiz.de/10012470002
to underestimate of the rates of growth of real GDP, real personal income, and productivity. That underestimation is …This paper is not about the recent slowdown in measured productivity but that subject is discussed briefly …
Persistent link: https://www.econbiz.de/10012455375
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 significant structural change with the share of the labor...
Persistent link: https://www.econbiz.de/10012457639
rate spread, and non-performing loans. A TFP decomposition finds that most of the productivity gains are captured by a …
Persistent link: https://www.econbiz.de/10012457845
We demonstrate the importance of distinguishing between the traditional use of labor for production, versus alternative uses of labor for overhead, marketing and other expansionary activities, for studying the distribution of both factor income and labor income. We use our framework to assess...
Persistent link: https://www.econbiz.de/10012479324
Data on consumption inequality are too fragile to reach firm conclusions. We introduce two new issues, disparities in the growth of price indexes and also of life expectancy between the rich and the poor. We conclude with a perspective on international differences that blends institutional and...
Persistent link: https://www.econbiz.de/10012464664
We study the productivity-pay relationship in the United States and Canada along two dimensions. The first is … divergence: the degree to which the levels of productivity and pay have diverged. The second is delinkage: the degree to which … incremental increases in the rate of productivity growth translate into incremental increases in the rate of growth of pay …
Persistent link: https://www.econbiz.de/10012794576