I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and sector-specific, nonlinear … hiring costs to analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My … implemented in Germany in 2003-2005, is beneficial in the long-run as it raises growth of technology, labor productivity and real …

Governments in modern economies devote much policy attention to enhancing productivity and continue to emphasize its … drivers such as investment in R&D. This paper analyzes the relationship between productivity growth and levels of public and … productivity growth. These optimal rates are the key to sustain productivity and technology improvements that are more and more …

divergence and lower long-run growth, whereas we find absolute convergence in expansions. The output costs of political and …

divergence and lower long-run growth, whereas we find absolute convergence in expansions. The output costs of political and …

divergence and lower long-run growth, whereas we find absolute convergence in expansions. The output costs of political and …