This paper re-examines the dynamic casual nexus among real manufacturing wage rate, labour productivity and real GDP growth. Data from 1987 Q1 through 2011 Q2 are utilised by implementing the fairly standard cointegration methodology in a trivariate setting. All three variables are...

This paper examines the extent to which multinational firms operating in the United States, through their locational investments, prefer more rural states over more urban states. Using state-level data for 2000 and using OLS, it was determined that such firms do prefer more rural states....

This paper examines the extent to which multinational firms operating in the United States, through their locational investments, prefer more rural states over more urban states. Using state-level data for 2000 and using OLS, it was determined that such firms do prefer more rural states....

The author reviews the book Information Technology and the American Growth Resurgence by Dale Jorgenson, Mun Ho, and Kevin Stiroh, which provides a detailed analysis of the remarkable rebound in productivity and output growth in the last decade. He notes that the book can be considered a...

The 1990s witnessed some important shifts in the underlying growth performances of the EU and US economies, with a significant gap opening up in terms of GDP, and more importantly, GDP per capita, growth rates. From a situation over the period 1980-1995 when EU and US living standards were...

This paper studies the dynamic behaviour of changes in productivity, wages, and prices. Results are based on a new data set that allows a consistent analysis of the aggregate economy, the manufacturing sector, and the non-manufacturing sector. Results are presented for the United States, Japan,...

Over the past 40 years, Australia’s labour productivity level relative to the United States has trended slowly upwards. However, there remains a substantial gap between Australian and United States labour productivity levels. The persistence of this gap has raised questions about whether there...