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This paper examines the role of currency and banking in the German financial crisis of 1931 for both Germany and the U.S. We specify a structural dynamic factor model to identify financial and monetary factors separately for each of the two economies. We find that monetary transmission through...
Persistent link: https://www.econbiz.de/10003952982
Germany remains Europe's largest and most diversified source of new technology, but still lags in the fastest growing areas of today's high technology. After World War II, West-German technology policy sought to rebuild the institutions which had supported Germany's leadership in the high-tech...
Persistent link: https://www.econbiz.de/10011495600
. Consequently, the use of internet can provide firms with an opportunity to enhance productivity and develop new goods and services … labor productivity, sales, and employment growths at the firm-level in Korea using data from the Survey of Business … about 1.5%p higher annual labor productivity growth rate and 0.6%p higher sales growth rate than a firm not using the …
Persistent link: https://www.econbiz.de/10013025903
investigated with productivity levels as a proxy for technological performance and productivity changes as proxy for innovative …
Persistent link: https://www.econbiz.de/10012709236
explain most of the well-known differences in aggregate growth rates of labour productivity and employment across these … productivity and capital, the paper analyses service sector growth in detail. It argues that a careful consideration of the forces … of long-run growth may help to better explain differences in employment and productivity growth, in particular if …
Persistent link: https://www.econbiz.de/10013320295
In an influential paper Mankiw, Romer, and Weil (1992) argue that the evidence on the international disparity in levels of per capita income and rates of growth is consistent with a standard Solow model, once it has been augmented to include human capital as an accumulable factor. In a study on...
Persistent link: https://www.econbiz.de/10010440426
In this paper we emphasize the contribution of technical change, broadly defined, towards productivity growth in … excessively focused on physical capital investments determining productivity differentials, which consequently led to an …
Persistent link: https://www.econbiz.de/10014076318
Productivity growth has been slow in many continental European countries over the last few decades, especially in … product market competition experience higher rates of productivity growth. We also find weak evidence for the notion that in … Germany's bank-based system of internal control, ownership concentration is harmful for productivity growth. …
Persistent link: https://www.econbiz.de/10011443499
Persistent link: https://www.econbiz.de/10010398989