A longstanding basis of empirical economics is that average labour productivity declines during recessions and increases during booms, behaves procyclically. In the short run, output growth and productivity tend to move together in many countries and across a wide range of industries. In ercent...

The service sector plays a key role determining long-term productivity growth rates and living standards due to the increasing share of services both in production and employment within developed economies. Secondly, it can impact the whole economy through its capacity to affect a country’s...

Diverse approaches have been used to analyse the hypothesis of convergence between European regions. This paper is particularly focused on productivity trends and the effects of changes in regional productive structures, which seems to be the main source of the observed productivity convergence....

Literature on growth accounting has generally introduced productivity to explain the growth of services. One of the most conventional statements in economics, with regard to the services sector suggests that, as a whole, this sector has a lower productivity level than the other productive...

One of the most outstanding debates in the international economic circles is the one on productivity and related issues. Low productivity growth in most advanced countries has historically been related to structural changes and, more precisely, to the performance and weight of service industries...

This paper investigates the effects of the domestic and foreign R&D weighted by bilateral imports on productivity accounting for the heterogeneous impact of unobserved micro and macroeconomic common shocks, which are modeled in a multifactor error structure. Using a panel of 50 economies from...

One of the most debated themes on the Spanish economy is the one related to productivity. While negative trends were observed during the time of expansion, its evolution has become much more positive during the recent years of strong economic and financial crisis. Additionally, this behaviour is...

Service industries play a core role in advanced economies, both from a quantitative a strategic point of view. Traditionally, productivity has been introduced as explaining factor of tertiarization processes in developed economies, while it has been simultaneously assessed that services display...