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both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew …
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Germany remains Europe's largest and most diversified source of new technology, but still lags in the fastest growing areas of today's high technology. After World War II, West-German technology policy sought to rebuild the institutions which had supported Germany's leadership in the high-tech...
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The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …
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labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … productivity. …
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