liabilities. The paper finds that the main negative impact of the global crisis is likely to come through higher costs of capital …, offset partly by a higher return to capital from strong demand for commodities by emerging Asia. It estimates medium …

The paper presents evidence that the contribution of differences in total factor productivity (TFP) to income … measurement errors in input factors nor dependent on the assumption of factor neutral differences in technology. We conclude that …

framework. The analysis shows that swings in growth are mostly accounted for by a significant slowdown in capital input and … lower Total Factor Productivity (TFP) growth. It also suggests that raising real GDP growth will require increases in both … investment levels and productivity. With a ratio of investment to GDP of 13 percent during the last decade, significantly higher …

productivity (TFP) in Niger between 1963 and 2003. A growth accounting analysis indicates that the erosion in output per capita … over the sample period is due to the negative growth of both TFP and physical capital per capita. Sound macroeconomic …

As labor input in Japan shrinks with population aging, capital accumulation and productivity gains will drive growth … the business climate. Third, improving SME access to finance, notably by encouraging venture capital investment in …

This paper assesses productivity trends in Canada vis-a-vis the United States from two perspectives. The first one is … based on estimates of total factor productivity. The second one decomposes productivity growth into two sources: investment …-specific technical change, associated with improvements in the quality of the capital stock, and neutral technical change, associated …

that these appreciations reflect underlying productivity gains in the tradable sector. Using panel data over the period … 1993-98, the results show clear evidence of productivity-driven exchange rate movements in the central and eastern European … expect to experience further productivity-driven real exchange rate appreciations. Evidence from a large cross-section of non …

suggested that these differences should be driven by cross-country differences in total factor productivity (TFP). This paper … discusses various measures of productivity and its determinants for the OECD countries from different dimensions: (i) the … measurement perspective; (ii) evidence on the evolution of productivity levels across OECD countries; and (iii) a critical review …