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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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paper sheds new light on the labour productivity premium from adopting digital technologies and boosting digital skill use …. The productivity premium is decomposed into a direct effect benefitting the firms actually increasing their digital … intensity, and an indirect effect of belonging to a sector with high digital intensity. The firm-level productivity premium of …
Persistent link: https://www.econbiz.de/10012421213
We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US … higher risk profile. Since the relationship between credit ratings and firm-level productivity is U-shaped, the aggregate … effect on productivity is a priori unclear. Turning to the real economy, we thus analyse whether this additional access to …
Persistent link: https://www.econbiz.de/10011975741
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services in output and its integration in the world economy. Productivity growth in the United Kingdom has consistently … financial crisis. Sluggish productivity growth in the service sectors was the main factor behind this weak performance. Raising … productivity will help to sustain employment and wages but will require a broad range of policies. Keeping low barriers to trade …
Persistent link: https://www.econbiz.de/10012420919
This paper examines the link between barriers to trade and investment and productivity performance, in the United … a robust determinant of productivity in the long term. Control variables such as spending on R&D and human capital also … range of productivity measures as well as to changes in the sectoral coverage and the set of controls. …
Persistent link: https://www.econbiz.de/10012420942
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