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variability in income levels and their growth rates. We review estimates for a wide range of policy variables. In many cases, the … magnitude of the estimates is under debate. Estimates found by running cross-sectional growth regressions are sensitive to which …
Persistent link: https://www.econbiz.de/10014024240
Misallocation of human capital across sectors can have substantial negative implications for aggregate output. So far, the literature examining this type of labor misallocation has assumed a Cobb-Douglas production function. Our paper departs from this assumption and instead considers more...
Persistent link: https://www.econbiz.de/10014429346
productivity of private versus public capital, of private versus public labor, and of public infrastructure within the private … endogenous growth framework. The results suggest that the elasticity of public infrastructure is significantly lower than … industrialized ones, is associated with steeper growth paths that lead to lower steady state capital labor ratios and per capita …
Persistent link: https://www.econbiz.de/10014087700
Growth accounting exercises point to aggregate TFP dierences 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 nd that …. While these ndings are consistent with empirical studies, they dier from ndings in the growth literature. …
Persistent link: https://www.econbiz.de/10005789425
to changes in climatic conditions. We propose an economic model to extract a measure of total productivity from English … data (real wages and land rents) in the pre-industrial period. This measure of total productivity is then related to … temperatures and precipitations. We find that lower (respectively higher) precipitations (resp. temperatures) enhance productivity …
Persistent link: https://www.econbiz.de/10013029421
of production and correlations with technical changes are measured by Total Factor Productivity as an expression of … Technical Efficiency to assess Total Factor Productivity …
Persistent link: https://www.econbiz.de/10013110272
Persistent link: https://www.econbiz.de/10009236793
A two-sector real business cycle model, estimated with postwar U.S. data, identifies shocks to the levels and growth … rates of total factor productivity in distinct consumption- and investment-goods-producing technologies. This model … attributes most of the productivity slowdown of the 1970s to the consumption-goods sector; it suggests that a slowdown in the …
Persistent link: https://www.econbiz.de/10005074156
A two-sector real business cycle model, estimated with postwar U.S. data, identifies shocks to the levels and growth … rates of total factor productivity in distinct consumption- and investment-goods-producing technologies. This model … attributes most of the productivity slowdown of the 1970s to the consumption-goods sector; it suggests that a slowdown in the …
Persistent link: https://www.econbiz.de/10005027378
studies have found that this result is brought about by relatively few service industries, where productivity growth has …’s Disease’, according to which imbalances in productivity growth between a ‘progressive’ (manufacturing) and a ‘nonprogressive …Since the mid-nineties, U.S. labor productivity outgrows its European counterpart by a wide margin. Several recent …
Persistent link: https://www.econbiz.de/10005731482