This paper analyzes the welfare implications of international spillovers related to productivity gains, changes in …-equilibrium model with monopolistic competition, drawing a distinction between productivity gains from manufacturing efficiency and …

quantitatively three potential determinants of the U.S. external imbalances in the last three decades: productivity growth …, demographic factors, and fiscal policy. The results suggest that (1) productivity growth differentials are the main driving force …

productivity of capital simultaneously. The model induces a simple relationship between the relative price of investment goods and …-five-fold income gaps and six-fold productivity differences between the richest and poorest countries in our sample. …

. Examining the sources of labour productivity growth in Mexican manufacturing, however, does not provide support for this … conclusion. Although we find that labour productivity levels vary almost in direct relation to establishment size, labour … productivity growth shows no systematic variation by size class. In fact, small establishments have had the same rate of labour …

social infrastructure in explaining productivity in a single step, rather than the statistically unsatisfactory- two …. First, the bulk of inter-country variation in output per worker is accounted for by differences in productivity. Second …, social infrastructure is found to be a highly significant variable in explaining inter-country productivity differences. …

of a firm's performance. Two alternative definitions of efficiency are proposed: relative productivity and profitability …