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Structural change is an important driver of productivity growth at the aggregate level. While previous productivity … to another. We develop an improved productivity decomposition that accounts for both intra-industry and inter … productivity to the industry level. The proposed decomposition is applied to Finland's information and communication technology …
Persistent link: https://www.econbiz.de/10014286016
productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative …
Persistent link: https://www.econbiz.de/10013314751
productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative …
Persistent link: https://www.econbiz.de/10012391362
We revisit UK's poor productivity performance since the Great Recession by means of both a suitable theoretical … over time, and distinguish between quantity total factor productivity (TFP-Q), i.e., the capacity to turn inputs into more … physical output (number of shirts, liters of beer), and what we call revenue total factor productivity (TFP-R), i …
Persistent link: https://www.econbiz.de/10012387534
Review of Stephen Broadberry, Market Services and the Productivity Race 1850-2000: British Performance in International …
Persistent link: https://www.econbiz.de/10014218445
Measures of institutional quality are strong predictors of cross-country differences in income and productivity. The …
Persistent link: https://www.econbiz.de/10012900823
Factor misallocation has been emphasized as one of the main sources of differences in aggregate TFP. This paper investigates the empirical dynamics of both capital and labor misallocation. Exploiting a balanced firm-level panel dataset covering manufacturing and services industries in several...
Persistent link: https://www.econbiz.de/10012909565
Using a new survey, we show that the dispersion of marginal products across firms in the European Union is about twice as large as that in the United States. Reducing it to the US level would increase EU GDP by more than 30 percent. Alternatively, removing barriers between industries and...
Persistent link: https://www.econbiz.de/10012923225
Using a large firm level dataset, that covers 18 European countries in the 2006-2014 period, I develop an empirical approach in the spirit of Rajan and Zingales (1998) in order to study whether and to what extent the credit cycle influences the efficient allocation of resources across firms. I...
Persistent link: https://www.econbiz.de/10012925009
The aim of this report is to foster a better understanding of past trends in, and drivers of, productivity growth in … the countries of the European Union (EU) and of the interplay between productivity and monetary policy. To this end, a … productivity growth, including within the European System of Central Banks and in the context of the review of the ECB’s monetary …
Persistent link: https://www.econbiz.de/10012627152