, leading to a negative relationship between the productivity in the tradable sector and the real exchange rate. In a small open …. Non-tradable services are produced with low-skilled labor only. A rise in the productivity of capital has two effects: (1 …

This chapter covers the theory and methods for productivity measurement for nations. Labor, multifactor and total … factor productivity measures are defined and are related to each other and to gross domestic product (GDP) per capita. Their … factor productivity growth (TFPG) index. These are easiest to understand for the case in which the index number problem is …

The relationship between recessions and productivity has been the focus of an important body of theoretical and … productivity in the aftermath of recessions. Our method allows us to distinguish between frontier technology and (in … reveal that the average cumulative impact of recessions on productivity up to four years after its end is negative and …

determinants of cross-country differences in the persistence of productivity differentials Specifically, we focus on the effects of … convergence rates. Consistent with theories, the persistence of productivity differentials is found to be positively correlated …, productivity convergence appears to be enhanced by human capital but deterred by government spending. …