This paper investigates the determinants of the between component of aggregate productivity growth, which gauges the productivity-enhancing part of plant-level restructuring. Results obtained from a panel of twelve Finnish manufacturing industries in the period from the mid-70s to the late 90s...

Over the past decade, research explaining cross country income differences has increasingly pointed to the dominant role of total factor productivity (TFP) gaps as opposed to factor accumulation. Nevertheless, it is a widely held belief that a country's ability to absorb and implement...

Previous research shows that technical progress at the industry level, measured by sectoral TFP growth, is more localized in continental European countries than in Anglo-Saxon countries. We use EU KLEMS data sets to decompose sectoral TFP for nine European countries by means of a Malmquist...

The aim of this paper is to assess whether the impacts of real exchange rate undervaluation and domestic technological capabilities on growth are stable across development levels. On the one hand, a real exchange undervaluation measure is constructed based on the purchasing-power-parity theory...

Vor 50 Jahren untersuchte der Ökonom William J. Baumol eine Beobachtung, die er theoretisch unterlegte: Dienstleistungen verteuern sich rascher als materielle Güter. Dieser Beitrag würdigt Baumols bahnbrechende Idee und zeigt, dass sie noch immer eine hohe theoretische und eine große...

This paper analyses the contribution of public investment to growth in southern Italy in the second half of the twentieth century (1951-1995). The period saw the only convergence in modern times of the Mezzogiorno towards the Italian average (1951-1973), followed by divergence (1974-1995). Using...

The movement of workers from the farm sector to a more productive nonfarm sector has failed to generate significant gains in labor productivity in recent decades in many developing countries. This paper offers a new perspective into the barriers to growth-enhancing structural transformation,...

Die Hauptaufgabe des Aufsatzes ist die analytische Bewertung des Produktivitätsrückstandes der estnischen Industrie im Vergleich mit anderen EU-Ländern. Dabei werden wir den absoluten Rückstand durch zwei Hauptfaktoren erklären: 1) Durch die Industriestruktur im Sinne der Anteile der...

Verdoorn's law refers to a statistical relationship between the long-run growth rate of labour productivity and the growth rate of output, usually for the manufacturing sector. Since the sixties this relationship has been examined in a large number of studies using a wide variety of data sets...

Over the past decade, research explaining cross country income differences has increasingly pointed to the dominant role of total factor productivity (TFP) gaps as opposed to factor accumulation. Nevertheless, it is a widely held belief that a country's ability to absorb and implement...