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Unemployment and the Productivity Slowdown : An Efficiency Wage Perspective
Haruyama, Tetsugen; Leith, Campbell - 2010
unemployment that followed this slowdown was more pronounced in European economies relative to the USA. In this paper we present an …' effort incentives. Predictions of the model are consistent with the different trends in unemployment across countries over … unemployment depends upon labour market institutions in such a way that we can reconcile the mixed empirical results observed in …
Persistent link: https://www.econbiz.de/10014194296
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The World Distribution of Productivity: Country TFP Choice in a Nelson-Phelps Economy
Färnstrand Damsgaard, Erika; Krusell, Per - 2010
This paper builds a theory of the shape of the distribution of total-factor productivity (TFP) across countries. The data on productivity suggests vast differences across countries, and arguably even has "twin peaks". The theory proposed here is consistent with vast differences in long-run...
Persistent link: https://www.econbiz.de/10010320350
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Secularization and long-run economic growth
Strulik, Holger - 2015 - Revised Version: March 2015
This paper integrates a simple theory of identity choice into a framework of endogenous economic growth to explain how secularization can be both cause and consequence of economic development. A secular identity allows an individual to derive more pleasure from consumption than religious...
Persistent link: https://www.econbiz.de/10010492354
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Patterns of total factor productivity growth in Mexico : 1991-2011
Ramos, Luis Fernando Colunga; Torre Cepeda, Leonardo Egidio - 2015
We review some patterns of Total Factor Productivity (TFP) growth in the Mexican economy during the period 1991-2011 using the KLEMS data set published by INEGI in 2013. The data shows a strong positive correlation between TFP and output growth. As a result, tests were performed in order to...
Persistent link: https://www.econbiz.de/10011399188
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China in the middle-income trap?
Glawe, Linda; Wagner, Helmut - 2017 - (updated version)
Over the last decade, a growing body of literature dealing with the phenom-enon of the "middle-income trap" (MIT) has emerged. The term MIT usually refers to countries that have experienced rapid growth and thus reached the status of a middle-income country (MIC) in a very short period of time,...
Persistent link: https://www.econbiz.de/10012205638
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From worship to worldly pleasures : secularization and long-run economic growth
Strulik, Holger - 2012 - This version: May 2012
In medieval times, most people identified with religious values and aggregate income and productivity grew at glacier speed. In the 20th century, religion played a much lesser role in daily life and income and productivity grew at high and unprecedented rates. The present paper develops a simple...
Persistent link: https://www.econbiz.de/10010357676
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International capital market integration, educational choice and economic growth
Egger, Hartmut; Egger, Peter; Falkinger, Josef; … - 2005
inequality. From a national policy point of view, education expenditure should increase after integration of similar economies …
Persistent link: https://www.econbiz.de/10010261393
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International capital market integration, educational choice and economic growth
Egger, Hartmut; Egger, Peter; Falkinger, Josef; … - 2005
inequality. From a national policy point of view, education expenditure should increase after integration of similar economies …
Persistent link: https://www.econbiz.de/10010267663
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What determines the long run growth in Kenya?
Kumar, Saten; Pacheco, Gail - 2010
Lifting the long run growth rate is, arguably, the pursuit of every economy. What should Kenya do to enhance its long run growth rate? This paper attempts to answer this question by examining the determinants of total factor productivity (TFP) in Kenya. We utilized the theoretical insights from...
Persistent link: https://www.econbiz.de/10011524089
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How to increase the growth rate in South Africa?
Kumar, Saten; Pacheco, Gail; Rossouw, Stephanié - 2010
Given the concern about the low growth rates in African countries, this paper deals with the issue of how to increase the said growth rates by using South Africa as a case study. This paper attempts to answer this question by examining the determinants of total factor productivity (TFP) and...
Persistent link: https://www.econbiz.de/10011524133