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, productivity growth and capital accumulation. Moreover, there is evidence of a positive contribution to the process stemming from …
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Proponents of minimum wage increases have argued that such hikes can serve as an engine of economic growth and assist low-skilled individuals during downturns in the business cycle. However, a review of the literature provides little empirical support for these claims. Minimum wage increases...
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pandemic wave) was associated with declines in consumption (-1.9%), investment (-1.2%), output (-2.4%), and productivity (-1 …
Persistent link: https://www.econbiz.de/10012308629
conceptualised as news about a future slowdown in productivity growth in the tradable sector. Simulations show that the responses of …' for tradable producers before the slowdown in tradable sector productivity associated with Brexit occurs. Resources are … the productivity decline in the tradable sector materialises. The negative news about tradable sector productivity also …
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counterfactuals method, we estimate how GDP per capita and labour productivity would have behaved for the countries that joined the …
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, highlight instead the importance of total factor productivity surge induced by an undervaluation in increasing growth. …
Persistent link: https://www.econbiz.de/10011905657