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real exchange rate depreciation in the poor countries, in the long-term. The productivity-differential model (Balassa, 1964 …
Persistent link: https://www.econbiz.de/10004968692
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-constraints and the profitability of engaging in innovation (R&D). We decompose the effects of RER changes on productivity growth …
Persistent link: https://www.econbiz.de/10011857584
for financing R&D. We decompose the effects of RER changes on productivity growth into these channels and explain regional …
Persistent link: https://www.econbiz.de/10011798860
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This paper aims to discuss the theory of productivity growth and its empirical applications, several authors emphasize … the impact of real exchange rate devaluation on productivity. The main research question is: does the real exchange rate … have a positive or negative impact on productivity growth? The first step in answering this question is to discuss …
Persistent link: https://www.econbiz.de/10013175068
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In this paper, we aim to bring the debate on the global productivity slowdown – which has largely been conducted from a … macroeconomic perspective – to a more micro-level. We show that a particularly striking feature of the productivity slowdown is not … so much a lower productivity growth at the global frontier, but rather rising labour productivity at the global frontier …
Persistent link: https://www.econbiz.de/10011610943
The empirical growth literature has focused on capital accumulation but largely ignored productivity growth. To address … this imbalance, we propose a methodology for analyzing productivity convergence based on frontier production functions. We …
Persistent link: https://www.econbiz.de/10010466016