accounting framework to decompose trend GDP growth into changes in capital, labour services, and total factor productivity, we …This study investigates the impact of the current financial crisis on Canada’s potential GDP growth. Using a simple … find a sizeable drop in Canadian potential growth rate in the short term. The estimated decline of about 1 percentage point …

We examine the growth performance of six emerging economies (Brazil, China, India, Indonesia, Russia and Turkey) in the … last two decades and examine whether domestic structural constraints are affecting their present and future growth … the dynamics of labor productivity (value added per worker, a synthetic measure of capital deepening, labor quality and …

productivity in the UK while leaving the long run growth rate unaffected. Based entirely on pre-crisis data, and using a two …-sector growth model, I project the future growth rate of GDP per hour in the market sector to be 2.61% p.a. Based on a cross …

productivity in the UK while leaving the long run growth rate unaffected. Based entirely on pre-crisis data, and using a two …-sector growth model, I project the future growth rate of GDP per hour in the market sector to be 2.61% p.a. Based on a cross …

This article analyses the development of economic growth in Brazil in terms of capital accumulation, following the … productivity. Both, with the addition of the price ratio, determine the productivity of capital, a key variable in understanding …

total factor productivity (TFP) is endogenous and depends on the resource allocation. The model uncovers a novel tradeoff … between the long-run level and volatility of TFP. Inefficiencies distort this tradeoff and result in either excessive … volatility or depressed output, implying a role for corrective policy. Embedding this mechanism into a workhorse New Keynesian …

This paper looks at economic growth and its fundamental determinants in Russia over the last decades. It starts by … showing that, contrary to the views of some political commentators, growth is highly important for the popularity of president … Putin. Furthermore, regular models of growth are relevant to Russia and other transition countries over the last two decades …

consumption-wealth ratio, and welfare should be greater in an open economy because of higher productivity and/or less volatility … because of risk sharing. The theoretical results for the growth rate depend on differences in productivity and in consumption … the size of government and on other key economic variables, including the consumption-wealth ratio, the growth rate of …

This paper studies the volatility implications of anticipated cost-push shocks (i.e. news shocks) in a New Keynesian …), anticipated cost-push shocks lead to a higher (lower) volatility in the output gap and in the central bank's loss than an … unanticipated shock of the same size. The inversion of the volatility effects of news shocks between rational and boundedly rational …

This paper studies the volatility implications of anticipated cost-push shocks (i.e. news shocks) in a New Keynesian … lead in both policy regimes to a higher (lower) volatility in the output gap and in the central bank's loss than an … unanticipated shock of the same size. This inversion of the volatility effects of news shocks follows from the inverse relation …