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This study presents a GDP per capita level and growth comparison across 17 main advanced countries and over the 1890-2013 long period. It proposes also a comparison of the level and growth of the main components of GDP per capita through an accounting breakdown and runs Philips-Sul (2007)...
Persistent link: https://www.econbiz.de/10011269009
This analysis characterizes empirically how good labour relations can alleviate the negative impact on productivity of regulatory constraints or workforce opposition. Our evidence of good labour relations lies in the existence of binding collective agreements, at the firm or at the industry...
Persistent link: https://www.econbiz.de/10010816002
We study production factor adjustment taking into account factor utilisation in multiple dimensions (labour and capital working time, capital capacity utilisation) through a unique survey among French manufacturing firms. This survey also allows us to examine the impact of obstacles to...
Persistent link: https://www.econbiz.de/10010764940
Short-term increasing returns to production factors are usually found in empirical studies. We argue they can be due to omitted variables, particularly the intensity of factor utilisation. Thanks to original French firm-level data (1992-2008), we show how increasing returns to scale disappear...
Persistent link: https://www.econbiz.de/10008838443
La croissance de la productivité dans la zone euro et aux États-Unis a connu sur la période récente des inflexions significatives, respectivement à la hausse et à la baisse, qui sembleraient relever en partie d’évolutions structurelles.
Persistent link: https://www.econbiz.de/10009201059
There have been sharp movements in productivity growth in the euro area and in the United States recently, upwards in the former and downwards in the latter, which seem to be partly due to structural developments.
Persistent link: https://www.econbiz.de/10009283339
The inflation and the real yield component deduced from inflation-linked and nominal bond prices are adversely affected by two market effects: price distortions due to certain market-related events and oil price movements. Their underlying time-correlation without those effects is stable and...
Persistent link: https://www.econbiz.de/10010815953
Our study aims at assessing the actual importance of the two main channels usually contemplated in the literature through which upstream sector anticompetitive regulations may impact productivity growth: business investments in R&D and in ICT. We thus precisely try to estimate what are the...
Persistent link: https://www.econbiz.de/10010815995
This study is to our knowledge the first attempt to infer the consequences on productivity entailed by anticompetitive regulations in product and labor markets through their impacts on production prices and wages. Results are encouraging showing that changes in production prices and wages at...
Persistent link: https://www.econbiz.de/10010939335
The correlation matrix between break-even inflation rate movements and real interest rate movements across several countries shows puzzling features. Correlation is significantly positive for nearly all cross-border pairs whereas it is nil, positive or negative unsystematically within countries....
Persistent link: https://www.econbiz.de/10005036210