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This note investigates the effects of the education level, product market rigidities andemployment protection legislation on growth. It exploits macro-panel data for OECDcountries...
Persistent link: https://www.econbiz.de/10005861411
We construct and estimate a unified model combining three of the main sources of cross-country income disparities:[...]
Persistent link: https://www.econbiz.de/10009486844
Business support policies designed to raise productivity and employment are commonworldwide, but rigorous micro …
Persistent link: https://www.econbiz.de/10009486961
In 2000, the Lisbon Agenda set out an ambitious plan to make the EuropeanUnion “the most dynamic and competitive knowledge-based economy inthe world”. The Agenda suggested a need for action on three broad fronts:the first explicitly macroeconomic; the second explicitly microeconomic;the third...
Persistent link: https://www.econbiz.de/10005870190
trends. Comparing productivity levels across countries is notoriously tricky, but one attractive approach has been to deflate …
Persistent link: https://www.econbiz.de/10005870209
constructs measures of relative total factor productivity for eleven Japanese manufacturingindustries and uses dynamic panel data … methods to test whether a smaller productivity gap leadsto slower growth, and whether R&D takes over as the engine of growth … as Japan approaches thetechnological frontier. The results suggest that Japanese and US productivity have been growingat …
Persistent link: https://www.econbiz.de/10005870259
We prove that in a closed economy without distortionary taxation, the welfare of a representativeconsumer is summarized to a …rst order by the current and expected future values of the Solowproductivity residual in level and by the initial endowment of capital. The equivalence holds if...
Persistent link: https://www.econbiz.de/10009302538
of the standard Solow productivity residual. Theequivalence holds if the representative household maximizes utility while …
Persistent link: https://www.econbiz.de/10009360614
We reappraise the relationship between productivity and equilibrium real exchangerates using a panel estimation … ofnon-traded, as well as traded, sector productivity shocks in exchange ratedetermination. We find evidence of significant … correlation between real exchangerates and productivity differentials in both sectors. But our finding of a significant rolefor …
Persistent link: https://www.econbiz.de/10005866628
econometric analysis of the contributionof public agricultural research capital to state agricultural productivity is reported … rate. New TFP results show that public agricultural research capitalcontributes significantly to agricultural productivity …
Persistent link: https://www.econbiz.de/10009360750