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I discuss reasons why manufacturing productivity statistics should be interpreted with caution in light of the recent growth of domestic and foreign outsourcing and offshoring. First, outsourcing and offshoring are poorly measured in U.S. statistics, and poor measurement may impart a significant...
Persistent link: https://www.econbiz.de/10003427043
Because of gaps in existing surveys and methodological problems with the computation of productivity measures, outsourcing and offshoring result in an overstatement of labor productivity and multifactor productivity growth in manufacturing. Although it is impossible to fully characterize the...
Persistent link: https://www.econbiz.de/10012726920
This paper has three main objectives. First, it examines the level of multifactor productivity (MFP) in Canada relative to that of the United States for the 1994-to-2003 period. Second, it examines the relative importance of differences in capital intensity and MFP in accounting for the labour...
Persistent link: https://www.econbiz.de/10013154079
This paper examines the impact of the revisions to labour productivity estimates and related variables covering the revision cycle of the National Accounts from 2003 to 2006 for Canada and from 2004 to 2006 for the United States
Persistent link: https://www.econbiz.de/10013154252
This paper provides an empirical analysis of decoupling economic growth and energy use and its various determinants by exploring trends in energy- and labour productivity across 10 manufacturing sectors and 14 OECD countries for the period 1970-1997. We explicitly aim to trace back aggregate...
Persistent link: https://www.econbiz.de/10011334858
A sustainable long-run pattern in the relative competitiveness of euro area countries is a key factor for the survivorship of the monetary union. We analyze the issue focussing on unit labor cost dynamics using cointegration analysis for the whole economy and for the manufacturing sector...
Persistent link: https://www.econbiz.de/10011735051
affect the process of convergence. Most of the existing studies on convergence have ignored the role of structural change … productivity convergence and its speed at the country, region and industry levels simultaneously. The results show that conditional … convergence exists at country, regional and industry levels. However, speed of convergence is different across different …
Persistent link: https://www.econbiz.de/10011535520
The extent of beta- and sigma-convergence of average labor productivity across manufacturing industries in 18 OECD … correlated with the extent of convergence. …
Persistent link: https://www.econbiz.de/10011302139
In the paper, productivity convergence is analyzed with a broad panel of industry sector data for the United States and … Germany for 1960-1990. The time-series/cross-sectoral data set allows to investigate country-specific convergence, and to …-up is due to capital-deepening, but most of it is total factor productivity convergence, i.e. endogenous growth models …
Persistent link: https://www.econbiz.de/10010332098
In the paper, productivity convergence is analyzed with a broad panel of industry sector data for the United States and … Germany for 1960-1990. The time-series/cross-sectoral data set allows to investigate country-specific convergence, and to …-up is due to capital-deepening, but most of it is total factor productivity convergence, i.e. endogenous growth models …
Persistent link: https://www.econbiz.de/10009542183