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The paper analyses the idea of “secular stagnation” actively discussed in the recent economic literature. It examines the most popular versions of this idea offered by T. Kowen, R. Gordon and L. Summers. Author concludes that in the next decades a slowdown of economic growth in the U.S. is...
Persistent link: https://www.econbiz.de/10011286409
Continuous specialisation of a nation, conducted by the dynamic comparative advantage, is not only the effect of free market forces accompanied by commercial openness, as it depends on many other factors, among which technological progress is essential. In this study, we try to analyse the...
Persistent link: https://www.econbiz.de/10010529095
Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a … "balanced" one in which China's productivity grows at the same rate in each sector, and an "unbalanced" one in which China …'s comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well …
Persistent link: https://www.econbiz.de/10009788687
A quarter-century after reunification, labor productivity in eastern Germany continues to lag systematically behind the … West. Denison-Hall-Jones point-in-time estimates point to large gaps in total factor productivity as the proximate cause …
Persistent link: https://www.econbiz.de/10011437754
productivity differences among regions within a regression framework in general and the impact of their spillovers on regional … total factor productivity in particular. The focus is laid on interregional spillovers between the Western and Eastern EU … conventional reservoirs of knowledge - patent stocks - falls. Vienna appears to be the largest contributor to the productivity …
Persistent link: https://www.econbiz.de/10011486611
mobility can explain differences in their per-capita income and labor productivity. We disentangle the role played by global … human-mobility network enhances both per-capita income and labor productivity. Our results hold cross-sectionally, as well … network. Our exercises also suggest that most of the gain in income and productivity can be attained if country centrality in …
Persistent link: https://www.econbiz.de/10010403724
both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew …
Persistent link: https://www.econbiz.de/10010425622
The purpose of this paper is to explain differences in the productivity of capital across countries taking 84 rich and …
Persistent link: https://www.econbiz.de/10010437756
I adopt the distribution dynamics framework to study labor productivity convergence, in the period 1980-1995, among 28 …
Persistent link: https://www.econbiz.de/10010343888
This paper employs a nonparametric approach to investigate the sources of growth in labor productivity for 77 countries … and to decompose it in the following three components: (1) total factor productivity; (2) capital deepening; and (3 …
Persistent link: https://www.econbiz.de/10013130925