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observed distribution of labor productivity. The distribution of productivity resulting from the matching of workers and firms … are employed by firms with higher productivity. The effect of the reservation wage on unemployment also depends on …
Persistent link: https://www.econbiz.de/10011241404
This paper investigates the dynamics of productivity in a large sample of Italian manufacturing firms, focusing on the … determinants of firm-level persistence in time of high total factor productivity (TFP) growth rates relative to the corresponding …
Persistent link: https://www.econbiz.de/10011241910
productivity performance. It makes an explicit quality adjustment of the output of the education sector by proposing and …
Persistent link: https://www.econbiz.de/10011241953
Emerging economies are characterized by higher consumption and real wage variability relative to output and a strongly countercyclical current account. A real business cycle model of a small open economy that embeds a Mortensen-Pissarides type of search-matching frictions and countercyclical...
Persistent link: https://www.econbiz.de/10011242182
This paper explains in detail the construction of series for productivity in the traded and nontraded sectors for a … panel of 56 countries spanning 1989–2012. The level of productivity in each sector is defined as real value added per … more disaggregated industry source data; and (ii) it allows for meaningful comparisons of the level of productivity across …
Persistent link: https://www.econbiz.de/10011242200
. Based on simulations in a general equilibrium model of the world economy, we find that a productivity slowdown in the non …
Persistent link: https://www.econbiz.de/10011242275
is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant … contributor to higher growth (through both capital accumulation and productivity) and lower output volatility, and in many … are islands have limited growth. Policies aimed at improving productivity, further development of the tourism sector, and …
Persistent link: https://www.econbiz.de/10011242282
Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends … reductions in TFP growth. These results have important policy implications, including that low productivity growth in some …
Persistent link: https://www.econbiz.de/10011242298
Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality …
Persistent link: https://www.econbiz.de/10011242306
, highlighting the dichotomy between productivity-driven long-run growth and short-run deviations from the underlying growth …
Persistent link: https://www.econbiz.de/10011242314