Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality …

) shifts with productivity growth. On this basis we estimate a dynamic system of macrolabour equations to evaluate the slope of …-run. Furthermore, during the stagflating 70s, the productivity slowdown contributed substantially to the increases in both unemployment … monetary expansion and productivity speedup of the roaring 90s were both responsible for the significant lowering of the …

This paper provides evidence for a positive effect of total factor productivity growth on unemployment in cross …

plausible) trend breaks in productivity, the treatment of hours is relatively unimportant: Hours fall sharply on impact … following a technology improvement. The issue is the common high-low-high pattern of hours per capita and productivity growth …

Slow productivity growth has plagued the euro area since the mid-1990s. That is particularly striking in view of the … large productivity gains in the United States during the same period. This paper shows that the deceleration in labor … productivity in the euro area was caused by structural changes in wage formation that have affected the relative price of labor …

1990s, provided that variations in population growth, depreciation rates, total factor productivity, and taxes are …. We use the theory to compare current accounting measures for labor productivity and investment with the corresponding … understate the boom in productivity and investment …

stagnate as employment gains are initially disproportionally allocated to low-productivity sectors, limiting the capacity for …I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and sector-specific, nonlinear … hiring costs to analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My …

The U.S. economy has experienced a rapid expansion in industries with low productivity growth. In this paper, we … investigate whether financial development improves productivity growth in these industries. Testing reveals that stagnant … industries experience remarkable post-deregulation productivity growth improvement. This result is not an artefact of growing …