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When local cost discovery generates knowledge spillovers, specialization patterns become partly indeterminate and the mix of goods that a country produces may have important implications for economic growth. We demonstrate this proposition formally and adduce some empirical support for it. We...
Persistent link: https://www.econbiz.de/10005136447
explained largely by differences in productivity trends across the traded and non-traded goods sectors. We then analyse the … implications of the trends in productivity for the consistency of the Maastricht convergence criteria, and we discuss the pressure … productivity trends put on monetary policy in countries like Italy and Spain to meet the convergence criteria; we also discuss …
Persistent link: https://www.econbiz.de/10005136589
-market failures and saving rates affect aggregate total factor productivity. Numerical simulations suggest that dynastic management … may be a substantial contributor to observed cross-country differences in productivity. …
Persistent link: https://www.econbiz.de/10005136641
overall production strategy and productivity trends. In the United States a strategy of standardized mass production led to … high levels of labour productivity and concentration on the development of managerial capabilities, but neglect of the …
Persistent link: https://www.econbiz.de/10005136671
We use UK micro data to explore whether planning regulation reduced UK retailing productivity growth between 1997 and … which increased the costs of opening large stores. This might have caused a slowdown in productivity growth if firms (a … productivity works out at about £80,000 per small chain supermarket store. …
Persistent link: https://www.econbiz.de/10005136776
productivity directly, by reallocating resources towards more productive uses, but also indirectly through the effects of increased …
Persistent link: https://www.econbiz.de/10005136875
simultaneity bias in productivity estimates through semi-parametric techniques, we find that changes in domestic firms’ TFP are …
Persistent link: https://www.econbiz.de/10005137106
, and (iii) productivity and growth, relative to the contributions of the entrepreneurs’ counterparts, i.e., the ‘control … very important—but specific—function in the economy. They engender relatively much employment creation, productivity growth …
Persistent link: https://www.econbiz.de/10005137206
Energy development is an integral part of enhanced economic development. The fact that expanded provision and use of energy services is strongly associated with economic development leaves open how important energy is as a causal factor in economic development, however; and energy development...
Persistent link: https://www.econbiz.de/10005138459
Productivity growth is a key determinant of rising living standards. The agricultural sector has been an important … contributor to the overall growth of productivity in New Zealand. The average rate of multifactor productivity growth in … the 1980s. This paper estimates the contribution that R&D has made to agricultural productivity. It develops a theoretical …
Persistent link: https://www.econbiz.de/10005138940