Narrow search
Showing 1 - 10 of 1,905
Cover Image
The German productivity paradox : facts and explanations
Elstner, Steffen; Feld, Lars P.; Schmidt, Christoph M. - 2018
Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth … that commenced around 2005. The successful integration of five million predominantly low-productivity workers into the … labor market induced an attenuating effect on productivity growth. This does not explain the slowdown entirely, however. As …
Persistent link: https://www.econbiz.de/10011897954
Cover Image
The German productivity paradox : facts and explanations
Elstner, Steffen; Feld, Lars P.; Schmidt, Christoph M. - 2018
Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth … that commenced around 2005. The successful integration of five million predominantly low-productivity workers into the … labor market induced an attenuating effect on productivity growth. This does not explain the slowdown entirely, however. As …
Persistent link: https://www.econbiz.de/10011900858
Cover Image
Output Growth and Its Volatility : The Gold Standard through the Great Moderation
Fang, Wen-Shwo - 2014
This study examines the relationship between U.S. output growth and its volatility over the period 1875:Q1 to 2008:Q2. We examine the data for outliers and apply corrections when found. Next, we search for possible effects of structural breaks in the growth rate and its volatility. In so doing,...
Persistent link: https://www.econbiz.de/10013065738
Cover Image
Financial Cyclical Factors and Growth : Insights from an Augmented Stochastic Solow Growth Model
Donadelli, Michael - 2016
We present an augmented stochastic version of the Solow neoclassical growth model to examine whether financial factors -- expressed as deviations from their trend -- represent important business cycle drivers.Our novel framework is used to study the dynamics of the US growth over the period...
Persistent link: https://www.econbiz.de/10012986618
Cover Image
What are the effects of technology shocks on international labor markets?
Rujin, Svetlana - 2019
How do international labor markets respond to a technology shock and what is the main transmission channel across countries with different labor market institutions? To answer these questions, I identify technology shocks using the approach of Galí (1999) and decompose the responses of total...
Persistent link: https://www.econbiz.de/10011998955
Cover Image
Is the Great Moderation Ending? UK and US Evidence
Canarella, Giorgio; Fang, Wen-Shwo; Miller, Stephen M.; … - 2010
The Great Moderation, the significant decline in the variability of economic activity, provides a most remarkable feature of the macroeconomic landscape in the last twenty years. A number of papers document the beginning of the Great Moderation in the US and the UK. In this paper, we use the...
Persistent link: https://www.econbiz.de/10014215633
Cover Image
International Evidence on Output Fluctuation and Shock Persistence
Levy, Daniel; Dezhbakhsh, Hashem - 2010
We estimate output growth rate spectra for 58 countries. The spectra exhibit diverse shapes. To study the sources of this diversity, we estimate the short-run, business cycle, and long-run frequency components of the sampled series. For most OECD countries the bulk of the spectral mass is in the...
Persistent link: https://www.econbiz.de/10014090858
Cover Image
Dynamic hysteresis effects
Li, Mengheng; Mendieta-Muñoz, Ivan - 2024
We study how the output gap affects potential output over time-i.e., the dynamic hysteresis effect. To do so, we introduce novel unobserved components (UC) models that consider hysteresis as a sequence of lagged effects, thus separating the long-run recession-induced adverse effects from other...
Persistent link: https://www.econbiz.de/10014483593
Cover Image
Performance of the Service Sector in the Republic of Korea: An Empirical Investigation
Park, Donghyun; Shin, Kwanho - 2012
There is a widespread perception that the Republic of Korea's service sector lags behind its dynamic world-class manufacturing sector. We empirically analyze the past performance of the Republic of Korea's service sector in order to assess its prospects as an engine of growth. Our analysis...
Persistent link: https://www.econbiz.de/10010507363
Cover Image
What drives endogenous growth in the United States?
Wesselbaum, Dennis - 2010
component of productivity in the United States. Using Bayesian estimation techniques we find that external and internal learning … productivity growth is close to the two percent pace. -- Business Cycles ; Cleansing Effects of Recessions ; Endogenous Growth …
Persistent link: https://www.econbiz.de/10003981872