We study how total factor productivity (TFP), energy prices, and the Great Moderation are linked. First we estimate a … negatively affected productivity. This spillover has since disappeared. Second, we show that within the framework of a dynamic … stochastic general equilibrium model, the disappearance of this energy-productivity spillover generates the significantly lower …

Using a two-sector endogenous growth model, this paper explores how productivity shocks in the goods and human capital …-forecast horizons whereas human capital productivity innovations dominate at longer ones. Second, the combined explanatory power of the …

fluctuations of unemployment, vacancies, and labor productivity whose relative magnitudes replicate the data. A standard search and …

, our estimation for Mexico and Canada suggests more severe informational frictions in emerging markets than in developed …

or sector, it is their productivity advantage on the local firm to determine the positive effect on domestic productivity … significant and robust Veblen-Gerschenkrion effect. The initial total factor productivity advantage of MNEs on local firm acts as … a stimulus for productivity growth of local firms in the same region. …

This paper examines Total Factor Productivity (TFP) and knowledge flows, using international patent data. The result is …-industry innovation enhances domestic productivity, and domestic between industry innovations are productivity enhancing. However, foreign …-sourced between-industry innovation has a negative effect on domestic productivity. This highlights the dual aspect of patents as a …