Showing 1 - 10 of 373
The Spanish economy experienced significantly weaker labour productivity growth than other OECD economies and failed to … catch up with the most advanced economies in the period 1996-2007. In recent years labour productivity growth has … factors weigh on weak trend productivity growth. The relatively weak performance largely reflects the low growth of total …
Persistent link: https://www.econbiz.de/10009690983
, has contributed to economic growth in OECD countries over the past five decades. Using cross-country/time series data … covering 30 countries from 1960 to 2008 on education (the Barro-Lee dataset) and growth (update of OECD data), our results … capita growth – as measured by GDP per capita. This increase in female educational attainment implies that the comparative …
Persistent link: https://www.econbiz.de/10009683160
. The results suggest: 1) Financial development likely has favourable effects on productivity growth; 2) financial frictions … that hamper productivity growth include inefficient insolvency regimes that impede exit of low-productivity firms, poorly …
Persistent link: https://www.econbiz.de/10011700187
Empirical research on the drivers of multi-factor productivity (MFP) is abundant at the firm- and industry level but surprisingly little research has been conducted on the determinants of MFP at the macroeconomic level. In this paper, we seek to understand the drivers of country-level MFP with a...
Persistent link: https://www.econbiz.de/10011700400
Never in the past 30 years has productivity growth been lower than since the 2008 global financial crisis, and never … for positive synergy between policies to promote productivity and inclusive growth. Exit policy should be improved to … facilitate the closure of non-viable firms, whose survival hampers the growth of viable firms in Japan. This would also increase …
Persistent link: https://www.econbiz.de/10011732717
This paper analyses for 34 OECD countries the extent to which the calculation of aggregate multi-factor productivity (MFP) is sensitive to alternative parameterisations. The starting point is the definition of MFP used in previous work in the OECD’s Economics Department (e.g. Johansson et al....
Persistent link: https://www.econbiz.de/10011823644
Greece’s labour market entered the COVID-19 shock following several years of sustained employment growth and with wages … workplaces further flexibility to adapt collective agreements to specific circumstances would help align wage growth with …
Persistent link: https://www.econbiz.de/10012304424
We examine the impact of multinational enterprises (MNEs) on labor productivity in two ways: 1) creating high-paying jobs; and 2) improving employees’ human capital. Our analysis is based on a unique database that matches workers to companies, for the 450 largest companies in Israel, during...
Persistent link: https://www.econbiz.de/10011853632
The labour market in Russia is very flexible. Firms adjust to economic shocks through wage cuts, working hour reductions and minimisation of non-wage labour costs. Workers react by changing jobs. This results in a high and stable overall employment rate, but also high wage inequality,...
Persistent link: https://www.econbiz.de/10011392839
This paper explores the link between skill and qualification mismatch and labour productivity using cross-country industry data for 19 OECD countries. Utilising mismatch indicators aggregated from micro-data sourced from the recent OECD Survey of Adult Skills (PIAAC), the main results suggest...
Persistent link: https://www.econbiz.de/10011399323