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order to asses whether the economic slowdown in Japan over the 1990s has been caused by a productivity slowdown. The paper …The paper analyses the process of long-run growth in Japan over the period 1957-2001, using a common trends model, in … persistent shocks which bear the interpretation of productivity and labour supply shocks. Coherent with the simulation results of …
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Proponents of minimum wage increases have argued that such hikes can serve as an engine of economic growth and assist low-skilled individuals during downturns in the business cycle. However, a review of the literature provides little empirical support for these claims. Minimum wage increases...
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Which structural reforms affect labour productivity growth in developing countries? This paper answers this question by … that financial reforms, trade reforms, and product market reforms boost labour productivity growth. By documenting the main … channels, our results reveal that the reforms studied stimulate labour productivity growth by inducing dynamic efficiency …
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