We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U …. Therefore the secular decline of unemployment since the mid 1990s indeed stemmed from higher average productivity growth. The … initial and final regimes are essentially equal, thus supporting theories that explain the productivity slowdown by a slow …

Since at least the mid-2000's, many advanced economies have experienced low productivity growth. This development is … often related to the declining productivity gains at the technology frontier, which is commonly assumed to be determined by … the U.S. We challenge this explanation by studying the effects of changes in U.S. technology on the productivity level in …

labour productivity in the home and foreign country. As a novelty, we employ the subset transfer function methodology to … that R&D activity in the EU is a direct Granger-cause of both R&D and labour productivity in the US, and the effects are … negative. On the other hand, the EU reacts positively to increases in R&D productivity in the US. These findings are largely in …

The authors provide an extensive review of the rapidly expanding research on productivity, both at the macro and micro …, especially the United States, where such work sheds important light on particular aspects of productivity growth. The authors … identify areas for further research. -- Productivity …

important determinants of economic vitality. -- Human capital ; knowledge ; new economy ; productivity …

-term growth. This setup may also be used to explain the accelerated productivity that followed the bursting of notable technology …

establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the … decrease in the steady-state average productivity of roughly 0.5 percent compared to the optimum's steady-state. This decrease … in productivity is not innocuous: it leads to a doubling of the welfare cost of inflation. -- Firm dynamics …

We estimate a model of urban productivity in which the agglomeration effect of density is enhanced by a metropolitan … accounts for the spatial distribution of population, we find that a doubling of density increases productivity by 2 to 4 … average labor productivity with respect to density increases with human capital. Metropolitan areas with a human capital stock …