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In this paper we measure the extent to which countries are converging in per capita productivity levels. We formally … results do not significantly differ from that of the case in which log per capita productivity levels are independent random … country growth regressions we show that the negative correlation between initial productivity levels and subsequent …
Persistent link: https://www.econbiz.de/10005660878
It is shown that in an economy with production indivisibilities on the capital side, production may be carried out by capitalist firms only, irrespective of the fact that workers can exchange work for capital so that labour-managed production seems feasible.
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This paper is the first to examine empirically how work sharing influences workers' productivity, using a unique data … "natural experiment approach" of comparing workers' productivity before and after the implementation of work sharing. We find … that work sharing has led to a significant decrease in labor productivity. …
Persistent link: https://www.econbiz.de/10005661225
substantial heterogeneity (both across sectors and time) in rates of growth of value-added, hours worked, labour productivity and … Total Factor Productivity during the sample period. The decline in constant price value-added in aggregate manufacturing …
Persistent link: https://www.econbiz.de/10005661254