Die gegenwärtige konjunkturelle Robustheit der deutschen Wirtschaft hat auch eine Diskussion über eine potenzielle Überhitzungsgefahr ausgelöst. Eine hohe Auslastung der gesamtwirtschaftlichen Produktionskapazitäten stellt nicht notwendigerweise eine Überhitzung dar. Um dies zu...

Die gegenwärtige konjunkturelle Robustheit der deutschen Wirtschaft hat auch eine Diskussion über eine potenzielle Überhitzungsgefahr ausgelöst. Eine hohe Auslastung der gesamtwirtschaftlichen Produktionskapazitäten stellt nicht notwendigerweise eine Überhitzung dar. Um dies zu...

Housing prices diverge from construction prices after 1997 in four major countries. Besides, TFP differences between construction and the general economy account for the evolution of construction prices in the U.S. and Germany, but not in the U.K. and Spain.

Incomes per capita have grown dramatically over the past two centuries, but the increase has been unevenly spread across time and across the world. Growth accounting is the principal quantitative tool for understanding this phenomenon, and for assessing the prospects for further increases in...

THIS FIFTEENTH ISSUE OF THE International Productivity Monitor published by the Centre for the Study of Living Standard contains five articles. Topics covered are: product market regulation and productivity convergence in OECD countries and implications for Canada; the impact of interprovincial...

When doing growth accounting, should we use ex post or ex ante measures of user costs to calculate the contribution of capital? The answer, based on a simple model of temporary equilibrium, is that ex post is better in theory. In practice researchers usually calculate ex post user costs by...

Housing prices diverge from construction prices after 1997 in four major countries. Besides, total-factor productivity (TFP) differences between construction and the general economy account for the evolution of construction prices in the US and Germany, but not in the UK and Spain.

By merging individual data on valuable patents granted in Prussia in the late nineteenth century with county level information on literacy and income tax revenues we show that increases in the stock of human capital not only improved workers' productivity but also accelerated innovative...