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,tend to rise faster than the prices of material goods. Central to his model is the disparityin labour productivity growth … disease of services retains its explanatory power and relevance today. It refutescriticisms that productivity growth in …
Persistent link: https://www.econbiz.de/10014459453
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
, somewhat surprisingly in light of the difficulty of achieving productivity gains in services, we also find that services labor … productivity grew at a healthy pace in much of the region. Overall our analysis provides substantial cause for optimism about the …
Persistent link: https://www.econbiz.de/10010507372
number of national firm level studies on the innovation-productivity link have been conducted using new internationally … observations from Germany and Sweden. Applying a knowledge production function that gives the relationship between innovation input …, innovation output and productivity, we find to a very large extent a common cross-country story for knowledge intensive …
Persistent link: https://www.econbiz.de/10010297274
In this paper, we show the importance of accounting for heterogeneity among sample firms in stochastic frontier analysis. For a fairly homogenous sample of German savings and cooperative banks, we analyze how alternative theoretical assumptions regarding the nature of heterogeneity can be...
Persistent link: https://www.econbiz.de/10010295908
market. We find evidence in favor of a single European banking market characterized by cost and profit meta …
Persistent link: https://www.econbiz.de/10011604747
This paper provides new evidence on the effects of government spending shocks and the fiscal transmission mechanism in the euro area for the period 1980-2008. Our contribution is two-fold. First, we investigate changes in the macroeconomic impact of government spending shocks using time-varying...
Persistent link: https://www.econbiz.de/10010325831
This paper provides new evidence on the effects of government spending shocks and the fiscal transmission mechanism in the euro area for the period 1980-2008. Our contribution is two-fold. First, we investigate changes in the macroeconomic impact of government spending shocks using time-varying...
Persistent link: https://www.econbiz.de/10011605265
Finland from 1975 to 2001. ICT-production has in the late 1990s had significant impacts on growth and labour productivity (LP …. Labour productivity growth in the period 1995 to 2001 manifests larger structural changes than in previous periods, with the … step-up in multi-factor productivity being the most notable. The relative contribution of ICT-capital deepening has also …
Persistent link: https://www.econbiz.de/10010285176
. Productivity measurement, taking these types of production functions into consideration, leads to different interpretations of … productivity change than traditional approaches not being clear about which production function concept is used. …
Persistent link: https://www.econbiz.de/10010285617