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Robert Brenner outlines the long-term causes of the present economic crisis. Rather than understanding the current downturn as merely a function of financial incompetence and miscalculation, he demonstrates that the US economy and that of the G7 has been slower growth in most of the major...
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of the poor institutional environment on profits and the effect of limited competition on productivity measurement. …
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stages, total factor productivity growth becomes the primary driver. (Copyright: Elsevier) …
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exporting to China is a particularly beneficial conduit of faster productivity growth. In other words, the findings suggest that …
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The evidence for a productivity-based explanation for real exchange rate behavior of East Asian currencies is examined … relative productivity ratios, one finds a relationship for Japan, Malaysia, the Philippines. Only when augmenting the … productivity variables, as well as other demand side factors, are less encouraging, except for a small subset of countries …
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’s very slow productivity growth was the single most important factor that hurt competitiveness. We argue that a coherent and …
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