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, productivity, concentration, and structural change, and whether patterns arise in a systematic way. We unveil a set of regularities … in the behaviour of these variables for both sets of countries and depending on the productivity level and the level of … above variables according to the productivity level and the level of external financial dependence of industries. This study …
Persistent link: https://www.econbiz.de/10009533466
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productivity by as much as 6%, suggesting large "productivity costs" of business cycles. …
Persistent link: https://www.econbiz.de/10012395487
productivity of the rest of the economy …
Persistent link: https://www.econbiz.de/10013058270
Historically, U.S. labor productivity (output per hour) and total factor productivity (TFP) rose in booms and fell in …, however, the procyclicality of productivity has waned. TFP has been roughly acyclical with respect to inputs, whereas labor … productivity has become significantly countercyclical. The slow pace of productivity growth after 2010, when the post …
Persistent link: https://www.econbiz.de/10013291771
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International trade is one of the main channels through which the global financial crisis hits developing countries. The recession in the 'global North' triggered by the financial crisis and the resulting slowdown of growth in other major emerging economies will generate declines in demand for...
Persistent link: https://www.econbiz.de/10012562248
The paper compares fiscal cyclicality across regions and countries from 1960 to 2016. It finds that more than half of 170 countries analyzed in seven regions had, in more recent years, limited fiscal space, and that their fiscal policy was either cyclical or procyclical. This was particularly...
Persistent link: https://www.econbiz.de/10012020530
International trade is one of the main channels through which the global financial crisis hits developing countries. The recession in the ‘global North’ triggered by the financial crisis and the resulting slowdown of growth in other major emerging economies will generate declines in demand...
Persistent link: https://www.econbiz.de/10014198298