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variance of its components, which is then applied to measure the relative contributions of productivity, hours per worker, and … employment to cyclical output growth across a panel of countries. Measured productivity contributes more to the cycle in Europe …
Persistent link: https://www.econbiz.de/10010274432
We study how total factor productivity (TFP), energy prices, and the Great Moderation are linked. First we estimate a … negatively affected productivity. This spillover has since disappeared. Second, we show that within the framework of a dynamic … stochastic general equilibrium model, the disappearance of this energy-productivity spillover generates the significantly lower …
Persistent link: https://www.econbiz.de/10010292361
Labour productivity distribution (dispersion) is studied both theoretically and empirically. Superstatistics is … presented as a natural theoretical framework for productivity. The demand index ê is proposed within this framework as a new … business index. Japanese productivity data covering small-to-medium to large firms from 1996 to 2006 is analyzed and the power …
Persistent link: https://www.econbiz.de/10010298578
Labour productivity distribution (dispersion) is studied within the framework of statistical physics and the result is … productivity distribution. The demand index ê is proposed within this framework as a new business index. Productivity analysis is …
Persistent link: https://www.econbiz.de/10010298640
' intensive margins. Short-run changes in work intensity and the longer-term goal of restoring full potential productivity …
Persistent link: https://www.econbiz.de/10010262702
There is a widespread perception that the Republic of Korea's service sector lags behind its dynamic world-class manufacturing sector. We empirically analyze the past performance of the Republic of Korea's service sector in order to assess its prospects as an engine of growth. Our analysis...
Persistent link: https://www.econbiz.de/10010507363
most recent data available. It examines the determinants of these flows and their relationship with the productivity growth …, shifts of employment labour between industries have generally not contributed positively to aggregate labour productivity … rates within industries are found to be strongly related to multifactor productivity and labour productivity growth at the …
Persistent link: https://www.econbiz.de/10010280058
Intangible capital is an important factor of production in modern economies that is generally neglected in business cycle analyses. We demonstrate that intangible capital can have a substantial impact on business cycle dynamics, especially if the intangible is complementary with production...
Persistent link: https://www.econbiz.de/10010352192
We document three changes in postwar US macroeconomic dynamics: (i) the procyclicality of labor productivity has …
Persistent link: https://www.econbiz.de/10010270843
estimates of productivity based on ATUS data and find that it is more pro-cyclical than other productivity measures. …
Persistent link: https://www.econbiz.de/10010291460