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Managerial capital and business R&D as enablers of productivity convergence
Andrews, Dan; Westmore, Ben - 2014
productivity (MFP) convergence in a panel of 42 countries. The OECD long-term growth model is augmented to show that, in addition …
Persistent link: https://www.econbiz.de/10010465017
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Real convergence in the euro area : a long-term perspective
Díaz del Hoyo, Juan L.; Dorrucci, Ettore; Heinz, … - 2017
-convergence trap" long before the euro years. We also provide stylised facts on: (i) the central role of total factor productivity in …
Persistent link: https://www.econbiz.de/10011755500
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Long-term growth prospects for the Russian economy
Beck, Roland; Kamps, Annette; Mileva, Elitza - 2007
This paper provides an assessment of Russia's long-term growth prospects. In particular, it addresses the question of the medium- and long-term sustainability of the country's currently high growth rates. Starting from the notion that Russia's fast economic expansion in recent years has...
Persistent link: https://www.econbiz.de/10011638181
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Real convergence in central, eastern and south-eastern Europe
Żuk, Piotr; Savelin, Li - 2018
This paper analyses real income convergence in central, eastern and south-eastern Europe (CESEE) to the most advanced EU economies between 2000 and 2016. The relevance of this topic stems both from the far-reaching implications of real income convergence for economic welfare and the importance...
Persistent link: https://www.econbiz.de/10011877426
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Structural policy indicators database for economic research (SPIDER)
Égert, Balázs; Gál, Peter; Wanner, Isabelle - 2017
institutions, framework condition policies and policies specifically related to labour markets and drivers of productivity and …
Persistent link: https://www.econbiz.de/10011823615
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Long-term growth scenarios
Johansson, Åsa; Guillemette, Yvan; Murtin, Fabrice; … - 2013
This paper presents the results from a new model for projecting growth of OECD and major non-OECD economies over the next 50 years as well as imbalances that arise. A baseline scenario assuming gradual structural reform and fiscal consolidation to stabilise government-debt-to GDP ratios is...
Persistent link: https://www.econbiz.de/10009696098
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China's march to prosperity : reforms to avoid the middle-income trap
Koen, Vincent; Herd, Richard; Hill, Sam - 2013
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
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The impacts of robots on labour productivity : a panel data approach covering 9 industries and 12 countries
Jungmittag, Andre; Pesole, Annarosa - 2019
Based on the expectation that the intensified use of robots contributes to the growth of labour productivity, this …-ICT capital input contribute significantly to labour productivity growth in the period from 1995 to 2015. The results remain …, the model is used to assess the impact of an increase of robots use on the labour productivity in each of the 9 …
Persistent link: https://www.econbiz.de/10012119481
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Business cycle dynamics after the Great Recession : an extended Markov-Switching dynamic factor model
Doz, Catherine; Ferrara, Laurent; Pionnier, Pierre-Alain - 2020
The Great Recession and the subsequent period of subdued GDP growth in most advanced economies have highlighted the need for macroeconomic forecasters to account for sudden and deep recessions, periods of higher macroeconomic volatility, and fluctuations in trend GDP growth. In this paper, we...
Persistent link: https://www.econbiz.de/10012227436
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Towards a new growth model in CESEE : convergence and competitiveness through smart, green and inclusive investment
Gereben, Áron; Wruuck, Patricia - 2021
direct investment, imports of productivity-enhancing technology - are petering out, and are yet to be substituted. We propose …
Persistent link: https://www.econbiz.de/10012433894