A real wage rate is a nominal wage rate divided by the price of a good and is a transparent measure of how much of the good an hour of work buys. It provides an important indicator of the living standards of workers, and also of the productivity of workers. In this paper I set out the conceptual...

We explain labor productivity differences of the service sector between Europe and the U.S. through the labor allocation taking place within the service sector. We measure labor productivity using a multisector structural transformation model that decomposes services into 11 sub-sectors...

The present study contributes to the analysis of economic growth by comparing labour ant total factor productivity (TFP) in France, Japan, the United Kingdom and the United States in the very long run (since 1890) and in the medium run (since 1980). During the past century, the United States has...

This study compares labor and total factor productivity (TFP) in France, Japan, the United Kingdom and the United States in the very long (since 1890) and medium (since 1980) runs. During the past century, the United States has overtaken the United Kingdom and become the leading world economy....

The paper argues that when developing an explanatory model of the early-stage entrepreneurial activity level (measured by total index of early entrepreneurial activity - TEA) one should consider the "path dependency" of the "institutional matrix" of different societies. Otherwise one could...

Innovation plays a crucial role in pursuing long-term economic prosperity. This paper analyses the policies of Singapore and Hong Kong conducive to innovation development and uses specific indicators to illustrate their diverse performances. We find that both cities demonstrate comparable levels...

The paper argues that when developing an explanatory model of the early-stage entrepreneurial activity level (measured by total index of early entrepreneurial activity - TEA) one should consider the ‘path dependency' of the ‘institutional matrix' of different societies. Otherwise one could...

We compare the productivity performances of 15 matched manufacturing sectors in Korea and Taiwan, using the Malmquist productivity indexes, based on category-wise meta frontiers, 1978-1996. Comparisons at the sector levels are made using sequential multiplicative products of the indexes. The...