Showing 1 - 10 of 14
United States or Sweden. Nevertheless the contribution to the long run growth of labour productivity stemming from even the …
Persistent link: https://www.econbiz.de/10010884516
The behaviour of labour productivity in the United Kingdom since the onset of the recession in early 2008 constitutes a … puzzle. Over four years after the recession began labour productivity is still below its previous peak level. This paper … crisis to have both a short-run effect on the growth rate of labour productivity and a long-run effect on its level is …
Persistent link: https://www.econbiz.de/10005245768
The behaviour of labour productivity in the United Kingdom since the onset of the recession in early 2008 constitutes a … puzzle. Over four years after the recession began labour productivity is still below its previous peak level. This paper … crisis to have both a short-run effect on the growth rate of labour productivity and a long-run effect on its level is …
Persistent link: https://www.econbiz.de/10010604793
We construct benchmark estimates of labour productivity covering the transport and communications sectors for the US … in stage length, but Britain leads in air transport and all three countries have similar productivity levels in local … transport. For 1973–96, and also 1989–96, productivity was growing slower in the US, hence some of the gap has been closed …
Persistent link: https://www.econbiz.de/10010866018
Studies of firm-level data have shown that there is a huge dispersion of productivity across firms even when industries … productive. The formers’ convergence could therefore constitute an important part of productivity growth at the macroeconomic … which can explain it. Productivity convergence was stronger for labour productivity than for total factor productivity. But …
Persistent link: https://www.econbiz.de/10010744856
We use a new industry-level dataset to quantify the role of ICT in explaining productivity growth in the UK, 1970 … productivity growth in the market sector. Econometric evidence also supports an important role for ICT. We also find econometric …
Persistent link: https://www.econbiz.de/10010745929
To analyse the consequences of the changing economic structure of the UK, we need a set of statistics broken down by industry that are consistent with the whole economy measures available from the national accounts. The theory of growth accounting then provides a framework in which the...
Persistent link: https://www.econbiz.de/10010746112
How big a boost to long run growth can countries expect from the ICT revolution? I use the results of growth accounting and the insights from a two-sector growth model to answer this question. A two-sector rather than a one-sector model is required because of the very rapid rate at which the...
Persistent link: https://www.econbiz.de/10010597532
productivity in the UK while leaving the long run growth rate unaffected. Based entirely on pre-crisis data, and using a two …
Persistent link: https://www.econbiz.de/10011185810
The productivity performance of the UK economy in the period 1990-2007 was excellent. Based entirely on pre-crisis data … discuss a wide range of hypotheses which seek to explain the productivity collapse, including the impact of austerity. Most of … financial crises, particularly banking crises, on productivity, capital, TFP and employment. Based on a cross-country panel …
Persistent link: https://www.econbiz.de/10011126541