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capital on GDP per capita, and second, a permanent increase in migration ows has a positive effect on productivity growth …This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 …. However, the growth impact of immigration is small even in countries that have highly selective migration policies. …
Persistent link: https://www.econbiz.de/10010533072
In recent years, the role attached to the autonomous components of aggregate demand has attracted rising attention, as testified by the development of the Sraffian Supermulti plier model (SSM) and the attempts to include autonomous demand in the Neo-Kaleckian model. This paper reviews and...
Persistent link: https://www.econbiz.de/10011984077
pollution intensity. Countries' growth rates are determined endogenously, and abatement efficiency is improved by technical …
Persistent link: https://www.econbiz.de/10011920831
This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 … capital on economic growth. And second, the contribution of immigrants to human capital accumulation tends to dominate the …
Persistent link: https://www.econbiz.de/10010442327
in the effect and size of productivity shocks explain most of the gap in misallocation between manufacturing and services …, while the remainder is explained by differences in firm productivity and age distribution. We interpret these results as …
Persistent link: https://www.econbiz.de/10011859483
A two-sector real business cycle model, estimated with postwar U.S. data, identifies shocks to the levels and growth … rates of total factor productivity in distinct consumption- and investmentgoods- producing technologies. This model … attributes most of the productivity slowdown of the 1970s to the consumption-goods sector; it suggests that a slowdown in the …
Persistent link: https://www.econbiz.de/10003347261
studies have found that this result is brought about by relatively few service industries, where productivity growth has …'s Disease", according to which imbalances in productivity growth between a "progressive" (manufacturing) and a "nonprogressive …Since the mid-nineties, U.S. labor productivity outgrows its European counterpart by a wide margin. Several recent …
Persistent link: https://www.econbiz.de/10003387432
Do intermediate goods help explain relative and aggregate productivity differences across countries? Three observations … standard multisector growth model accommodating these features to show that inefficient intermediate production strongly … depresses aggregate productivity and increases the price ratio of final goods to services. Applying the model to data for middle …
Persistent link: https://www.econbiz.de/10009379741
independent parts. The demand dynamics is first analysed through a growth-accounting decomposition, then through the long term … understanding of the supply-side growth dynamics, privileging a trade perspective: the definition of comparative advantages and the …
Persistent link: https://www.econbiz.de/10011435987
Standard growth accounting exercises find large cross-country differences in aggregate TFP. Here we ask whether …
Persistent link: https://www.econbiz.de/10011560728