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Structural change is an important driver of productivity growth at the aggregate level. While previous productivity … to another. We develop an improved productivity decomposition that accounts for both intra-industry and inter … productivity to the industry level. The proposed decomposition is applied to Finland's information and communication technology …
Persistent link: https://www.econbiz.de/10014286016
economic and price level convergence, respectively, refer to the narrowing of the income (productivity) and the price level gap … helps us understand, why net real wages are relatively low in these countries (as compared to their relative level of income/productivity …
Persistent link: https://www.econbiz.de/10011333487
This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a … that structural change may have on future productivity growth. We document that the observed reallocation of economic … activity since the 1970s towards the service sector has exerted a strongly negative effect on aggregate productivity growth in …
Persistent link: https://www.econbiz.de/10012625868
This paper assesses the productivity puzzle critically and gives an outlook on the COVID-19 crisis. It offers two main … conclusions. First, it posits that a large fraction of the productivity puzzle can be solved by incorporating intangible capital … into the asset boundary of the national accounts. Thus, the productivity puzzle is largely explained as a consequence of …
Persistent link: https://www.econbiz.de/10012485717
in the effect and size of productivity shocks explain most of the gap in misallocation between manufacturing and services …, while the remainder is explained by differences in firm productivity and age distribution. We interpret these results as …
Persistent link: https://www.econbiz.de/10011859483
sectoral transformation, and labour productivity growth in the EU in several new dimensions. First, based on the latest data …, we document the size of the negative effect that structural change has exerted onto productivity growth over long time … structural change may have on future productivity growth. This model generates structural change through both price and income …
Persistent link: https://www.econbiz.de/10012670165
This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a … that structural change may have on future productivity growth. We document that the observed reallocation of economic … activity since the 1970s towards the service sector has exerted a strongly negative effect on aggregate productivity growth in …
Persistent link: https://www.econbiz.de/10013211112
productivity convergence and its speed at the country, region and industry levels simultaneously. The results show that conditional …
Persistent link: https://www.econbiz.de/10011535520
gains in labor productivity in recent decades in many developing countries. This paper offers a new perspective into the …. We argue that subnational differences in the intersectoral productivity gap between the nonfarm informal and formal … sectors constrain the productivity gain from structural transformation. In Ghana, intersectoral productivity gaps among the …
Persistent link: https://www.econbiz.de/10012519218
the south of the country, (2) the effect of the mining output shock on output and productivity growth in other sectors …
Persistent link: https://www.econbiz.de/10013332119