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Since 1990, countries in emerging Europe and Central Asia have undergone comprehensive economic transformation. These reforms helped achieve an impressive degree of income convergence toward the levels of the advanced economies, although at the cost of rising inequality and lower life...
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Following an unparalleled rise in uncertainty over the Great Recession, the US economy has been experiencing anaemic … productivity growth. This paper offers a quantitative study on the link between uncertainty and low productivity growth. Firstly …, using micro level data I show that uncertainty accounts for half of the drop in intangible capital stock during the Great …
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The paper addresses the topic of an overall long-term productivity slowdown in labor productivity for a panel of 25 developed countries. Besides studying individual long-term trends of single countries using filtering techniques we also test for multiple structural breakpoints in the long-term...
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