The authors provide an extensive review of the rapidly expanding research on productivity, both at the macro and micro levels. They focus primarily on papers written about Canada, but also draw on selected studies from other countries, especially the United States, where such work sheds...

For the mid to late 1990s and early 2000s, the basic neoclassical growth theory predicts a steady Japanese economy, when in fact the Japanese economy was depressed. This study applies the new theory with intangible investment and non-­neutral technology proposed by McGrattan & Prescott (2010)...

For the mid to late 1990s and early 2000s, the basic neoclassical growth theory predicts a steady Japanese economy, when in fact the Japanese economy was depressed. This study applies the new theory with intangible investment and non-neutral technology proposed by McGrattan & Prescott (2010) to...

The existence of fluctuations is part of the narrative, especially when there is a slowdown (or worse, a contraction) in economic activity. The presence of long waves with a period of about 50 years as proposed by Kondratieff is one of the most controversial and fascinating theories about...

This paper is interested to analyze the achievements, difficulties and challenges of the Chinese economy from a economic, social, political and technological perspective. Additionally, this paper propose a serial of policies that can help China in its economic growth and socio-economic...

This paper works out some of the basic properties of an economy with energy as a factor of production. The economy now consists of streams of energy conversions that direct energy to the production of goods and services. The focus on energy generates a variety of insights. It yields a new...

Der vorliegende Beitrag analysiert die Struktur und Dynamik der Liechtensteiner Volkswirtschaft anhand verschiedener Indikatoren. Dabei zeigt sich, dass der Produktionssektor nach wie vor einen bedeutenden Beitrag zu Beschäftigung und Wertschöpfung im Fürstentum leistet. In der...

This collection analyses the potentials of the North East Indian economy, discussing ways in which it can be reconnected to the mainstream economic activities of India. Gauging through the historical factors responsible for the economic failure of the North East Region (NER) – the partition in...

This paper analyses the long memory properties of quarterly real output per capita in the US (1948Q1 - 2008Q3) using non-parametric, semi-parametric and parametric techniques. The results vary substantially depending on the methodology employed. Evidence of mean reversion is obtained in a...