Showing 1 - 10 of 13
In this paper the authors argue that a plausible reason why output and other major U.S. macroeconomic time series seem to follow a Markov switching process might be strictly related to expectations. The authors show that a time series of expectations of future output from the Survey of...
Persistent link: https://www.econbiz.de/10005717418
According to recent studies, shocks on aggregated variables are associated with unequal impacts on the economic system, affecting more some agents and sectors than others according, depending on their characteristics. Theoretically, the mechanisms that differentiate shocks’ effects on economic...
Persistent link: https://www.econbiz.de/10009193063
This paper aims at analyzing trends in TFP and labour productivity growth. Data Envelopment Analysis is used to … estimate a technological frontier and to compare all nations to it. The estimation of Malmquist productivity index as TFP … indicators allows to decompose labour productivity growth in efficiency change, technical progress and capital accumulation. This …
Persistent link: https://www.econbiz.de/10005087028
. The main results are: the best economic performance (and higher productivity) has been achieved by USA, followed by Europe …
Persistent link: https://www.econbiz.de/10005087040
In the last decade the Italian economy has underperformed compared both with the previous decades and with the main European countries. It is widely acknowledged that this evolution reflects unresolved structural problems, which have become more urgent in view of the major changes in the world...
Persistent link: https://www.econbiz.de/10004981443
One of the main socioeconomic problems observed in most countries – particularly in less developed countries – is the presence of high income inequality and poverty level. Several empirical works have attempted to analyze their major determinants as well as their effect on some indicators...
Persistent link: https://www.econbiz.de/10005056973
This paper examines the role played by the decline in average annual hours of work per person in employment over the behavior of unemployment rate in Europe since II World War. The results show that, during the Golden Age of Capitalism in the twentieth century, the pronounced reduction in the...
Persistent link: https://www.econbiz.de/10005685311
on productivity, using a large panel of around 6200 firms. The findings of the theoretical literature on this topic are … consortia increases productivity. …
Persistent link: https://www.econbiz.de/10005448721
During the last three decades, a vast literature emerged on the empirical evidence of productivity spillovers from FDI … thereby raise their productivity level. Results obtained so far are however mixed, and it does not seem possible to get a …
Persistent link: https://www.econbiz.de/10005463728
the unit labour costs (nominal and real) depends on the evolution of the labour compensation and labour productivity, this …
Persistent link: https://www.econbiz.de/10005407500