productivity. This framework is based on a multi-sector general equilibrium model with sector-specific frictions in the form of … functions. Moreover, this framework is consistent with that commonly used in productivity analysis. I apply this framework to … measure to what extent resource misallocation explains the differences in aggregate productivity across developed countries. I …

This paper inquires into radical innovations and into their role to promote economic growth. Can an economic system … growth will eventually peter out without the essential contribution of new sectors in the economy. In terms of evidence, it …

How big a boost to long run growth can countries expect from the ICT revolution? I use the results of growth accounting … and the insights from a two-sector growth model to answer this question. A two-sector rather than a one-sector model is … the future. According to the two-sector model, the main boost to growth comes from ICT use, not ICT production. Even a …

productivity (TFP). In this article, we summarize a recent literature — and the articles in this special issue on misallocation … and productivity — that focus on the reallocation of factors across heterogenous production units as an important source …

The paper try to examine the sustainable long term growth problem in Europe. Economic growth is fragile in many … countries members of U.E. In the context of public austerity, the ageing populations, the lagging productivity in the service … obtain more sustainable growth if made reforms in three areas : reforming labour markets, unlocking the full growth potential …

Growth accounting exercises point to aggregate TFP differences as the dominant source of the large cross-country income … reallocation of labor between sectors and GDP per capita growth of a set of developing countries over a 40-year period. I fi nd … manufacturing. While these fi ndings are consistent with empirical studies, they differ from fi ndings in the growth literature. …

Spanish fluctuations exhibit two remarkable features: (1) productivity per hour worked is countercyclical; and (2) real … wage and productivity are negatively correlated, implying that wages tend to grow when productivity declines. The standard … understand productivity dynamic in Spain. The first exercise consists in an extended calibration of the Neoclassical model for …