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attempt to raise their productivity to the level required to gain employment. Second, employers faced with an inability to …
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-level total factor productivity growth volatility exhibited a similar pattern. We hypothesize that firm heterogeneity, reflected …
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This paper deals with the changes in prices of production induced by variations in income distribution on the basis of a linear model of production with circulating capital and homogeneous labour. It is shown that the total effect of income distribution on prices can be decomposed into a...
Persistent link: https://www.econbiz.de/10013152463
This paper has three main objectives. First, it examines the level of multifactor productivity (MFP) in Canada relative … capital intensity and MFP in accounting for the labour productivity differences between the two countries. Third, it traces … considerably more engineering construction. Second, most of the differences in labour productivity between Canada and the United …
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composition) and a residual (multifactor productivity growth). The first two components (both arising from investment, one in …This paper compares long-run growth in labour productivity in Canada and the United States from 1961 to 2006. Over the … entire period labour productivity in both countries grew at about the same rate. But Canadian growth exceeded that of the …
Persistent link: https://www.econbiz.de/10013154249
This paper revisits the important ideas proposed by Atkinson and Stiglitz's seminal 1969 paper on technological change. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological change literature, it explains how these three...
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