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The structural rate of unemployment and associated non-accelerating inflation rate of unemployment (the NAIRU) are of major importance to the analysis of macro and structural economic developments, although in practice these concepts are not well defined and there is considerable uncertainty and...
Persistent link: https://www.econbiz.de/10012444864
Economists often seek to estimate unobserved variables, representing “equilibrium” or “expected” values of economic variables, as benchmarks against which observed, realised values of these variables may be evaluated. Such comparisons are often used as economic policy indicators, for...
Persistent link: https://www.econbiz.de/10012445291
Economists often seek to estimate unobserved variables, representing “equilibrium” or “expected” values of economic variables, as benchmarks against which observed, realised values of these variables may be evaluated. Such comparisons are often used as economic policy indicators, for...
Persistent link: https://www.econbiz.de/10005045689
The structural rate of unemployment and associated non-accelerating inflation rate of unemployment (the NAIRU) are of major importance to the analysis of macro and structural economic developments, although in practice these concepts are not well defined and there is considerable uncertainty and...
Persistent link: https://www.econbiz.de/10005046182
market play for productivity and firm dynamics. It exploits a new firm-level database for ten OECD countries and industry … and labour markets. Aggregate productivity patterns are largely the result of within-firm performance. But, the … play an important role. Industry productivity performance is negatively affected by strict product market regulations …
Persistent link: https://www.econbiz.de/10012443986
of productivity have been low in many domestically oriented sectors and consumer welfare has suffered under high prices …
Persistent link: https://www.econbiz.de/10012444046
Norwegian growth has been strong over the past decade. This development has been supported by the off-shore sector, but depleting oil reserves implies that growth will have to rely increasingly on the mainland economy. Empirical work shows that competition is important for promoting economic...
Persistent link: https://www.econbiz.de/10012444401
improve productivity downstream. We confirm such prediction by estimating a model of multifactor productivity growth in which … to the productivity frontier. …
Persistent link: https://www.econbiz.de/10012445881
Baltic countries, which opted for a fast and profound transformation of their institutions, rapidly narrowed the productivity … reforms later and contented with less depth, the productivity gap remains substantial. While the literature has focused mainly …
Persistent link: https://www.econbiz.de/10012446606
Baltic countries, which opted for a fast and profound transformation of their institutions, rapidly narrowed the productivity … reforms later and contented with less depth, the productivity gap remains substantial. While the literature has focused mainly …
Persistent link: https://www.econbiz.de/10008465165