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This paper uses a long time series of German employment data to test the theory of Ngai & Pissarides (2007). The theory suggests that the shift of employment shares from manufacturing to services is due to divergent growth rates of total factor productivity (TFP) in the two sectors. To test the...
Persistent link: https://www.econbiz.de/10010532079
This paper uses a long time series of German employment data to test the theory of Ngai & Pissarides (2007). The theory suggests that the shift of employment shares from manufacturing to services is due to divergent growth rates of total factor productivity (TFP) in the two sectors. To test the...
Persistent link: https://www.econbiz.de/10010514034
This paper investigates the deindustrialization process in Germany and Spain from 1995 to 2018. It is argued that the deindustrialization trajectories of each country are partially related to their growth models. An analysis in two steps is conducted. First, using the OECD input-output tables, a...
Persistent link: https://www.econbiz.de/10014481170
The East Asian miracle was real. Prior to the 1997 economic and currency crises, Asian NICs Hong Kong, Korea, Singapore and Taiwan achieved remarkable annual GDP growth. In these countries the overall economic performance was significantly determined by the industrial development triggered by...
Persistent link: https://www.econbiz.de/10011409015
The paper develops a growth model with evolutionary microfounded structural change. The model endogenises both technical change and changes in final and intermediate demand as affecting macro-economic growth, through the structural change of the economy. The aim is to formally account for the...
Persistent link: https://www.econbiz.de/10010328508
The paper aims to account for the empirical stylised facts related to changes in sectoral structures that have led to the growth of services in most advanced countries over recent decades. A growth model with evolutionary micro-founded structural change is developed, which formalises the role of...
Persistent link: https://www.econbiz.de/10010266704
While the US experienced two successive labor productivity surges in 1995 and 2000, Germany's productivity declined dramatically during the same period. We examine the sources of Germany's productivity demise using the ifo industry growth accounting database that provides detailed industry-level...
Persistent link: https://www.econbiz.de/10010264056
In a recent article, Ritschl (2008) criticized findings of Broadberry and Burhop (2007) regarding the comparative level of manufacturing labour productivity in Germany compared to Britain between 1895 and 1938. In this paper, we re-evaluate Ritschl's claims and show that our earlier results are...
Persistent link: https://www.econbiz.de/10012723716
While the US experienced two successive labor productivity surges in 1995 and 2000, Germany's productivity declined dramatically during the same period. We examine the sources of Germany's productivity demise using the ifo industry growth accounting database that provides detailed industry-level...
Persistent link: https://www.econbiz.de/10012777731
Previous research shows that technical progress at the industry level, measured by sectoral TFP growth, is more localized in continental European countries than in Anglo-Saxon countries. We use EU KLEMS data sets to decompose sectoral TFP for nine European countries by means of a Malmquist...
Persistent link: https://www.econbiz.de/10014040462