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We analyze and develop a quantitative model describing the evolution of personal income distribution (PID) for males and females in the U.S. between 1930 and 2014. The overall microeconomic model, which we introduced ten years ago, accurately predicts the change in mean income as a function of...
Persistent link: https://www.econbiz.de/10013014051
We present a comprehensive macroeconomic model for the U.S. There exist strict long-term relations between real GDP, price inflation, labor force participation, productivity, and unemployment. The evolution of real GDP depends only on exogenous demographic forces. Other macro-variables follow up...
Persistent link: https://www.econbiz.de/10012723567
predict the dynamics of personal incomes for every single person in the working-age population in the USA between 1930 and …
Persistent link: https://www.econbiz.de/10014154954
In this paper, we propose a decomposition technique to examine the sources of industrial contribution to aggregate labour productivity growth. We show that in terms of pure labour productivity growth, the manufacturing and service sectors contributed equally to the aggregate Canada-U.S. labour...
Persistent link: https://www.econbiz.de/10014072219
This paper examines the trend in the importance of small producers in the Canadian and U.S. manufacturing sectors from the early 1970s to the late 1990s. It finds similar trends in both countries. Small plants increased their share of employment up to the 1990s but their share remained stable in...
Persistent link: https://www.econbiz.de/10014114414
A two-component model for the evolution of real GDP per capita in the USA is presented and tested. The first component … between the growth rate of real GDP per capita and the number of 9-year-olds in the USA is tested for cointegration. For … cointegrating relation. Econometrically, the tests for cointegration show that the deviations of real economic growth in the USA …
Persistent link: https://www.econbiz.de/10014052234
obtained for the USA is characterized by A1=4.0, A2=-0.03075, and t1=2 years. It provides a root mean square forecasting error …
Persistent link: https://www.econbiz.de/10014053528
The Canadian service sector has performed well in recent years in terms of labour and multifactor productivity growth, both in absolute terms and relative to the United States, offsetting much of the poorer performance of the manufacturing sector. Service sector labour productivity growth has...
Persistent link: https://www.econbiz.de/10005518937