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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...
Persistent link: https://www.econbiz.de/10012959912
the conclusion that present patterns of global governance, modeled around the neo-liberal Washington Consensus and … have won the fight against international terrorism. We then refute empirically the Huntington hypothesis about the … against global terrorism would imply arriving at more inclusive and less unilateralist structures of global governance …
Persistent link: https://www.econbiz.de/10014051923
Increasing fragmentation of production across borders is changing the nature of international competition. As a result …
Persistent link: https://www.econbiz.de/10013072991
In this article recession magnitudes in Europe, the USA and Japan during the Great Recession are compared. The … strongest recessions (of severe category) occurred in Latvia, Lithuania and Estonia, while recessions in Japan and the USA were …-1933 in the USA. Hence, comparisons of the Great Recession to the Great Depression in the literature are somewhat exaggerated. …
Persistent link: https://www.econbiz.de/10011258149
Using an internationally linked patent database, this paper compares the types of R&D activities undertaken by multinationals in China by home country and industry. In China, multinationals recently began investing in R&D, mainly in the areas of product and manufacturing process development....
Persistent link: https://www.econbiz.de/10014131491
Broadberry, Guan and Li (2018) made estimates for China's GDP per capita from 980 to 1840 in order to date the onset of the Great Divergence between China and western European economies. In response to Solar's (2021) criticisms, they (2021) made some revisions to the estimates but largely...
Persistent link: https://www.econbiz.de/10012820691
This paper compares nine common specialization indices, discussing their properties, strengths and weaknesses. In order to unravel the differences between the indices they are applied to European employment structures in 2005, spanning 51 industries and 24 European countries. The resulting...
Persistent link: https://www.econbiz.de/10011374383
regarding the islands' economic growth and structural change. The estimates are converted into international currency units and …
Persistent link: https://www.econbiz.de/10013105783
Persistent link: https://www.econbiz.de/10000044834
liabilities for Europe, the USA and Japan, (2) analyse the change in the composition of household gross and net wealth of these …
Persistent link: https://www.econbiz.de/10012446689