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This paper uses an integrated model of aggregate supply to analyze the post-1973 slowdown in productivity growth in the seven major OECD economies. Factor substitution, unexpected demand changes, profitability, and inventory disequilibrium all contribute to the explanation, which is based on a...
Persistent link: https://www.econbiz.de/10005828711
Persistent link: https://www.econbiz.de/10003148738
This paper uses an integrated model of aggregate supply to analyze the post-1973 slowdown in productivity growth in the seven major OECD economies. Factor substitution, unexpected demand changes, profitability, and inventory disequilibrium all contribute to the explanation, which is based on a...
Persistent link: https://www.econbiz.de/10013294691
Persistent link: https://www.econbiz.de/10005143594
This paper describes modifications to, and further developments of, the supply block in the Secretariat's INTERLINK world model as of the autumn of 1985. The objective of the work was to strengthen the role of supply side elements, in particular profitability, in the model. In the process,...
Persistent link: https://www.econbiz.de/10005045899
This paper describes modifications to, and further developments of, the supply block in the Secretariat's INTERLINK world model as of the autumn of 1985. The objective of the work was to strengthen the role of supply side elements, in particular profitability, in the model. In the process,...
Persistent link: https://www.econbiz.de/10012443922
This paper reviews the extent and policy implications of linkages between demographic changes and international factor mobility. Evidence is found of significant demographic effects on both migration and the current account, but for different reasons neither increased migration nor international...
Persistent link: https://www.econbiz.de/10012467742
This paper has a double purpose: to see how well Durkheim's (1897) findings apply a century later, and to see if the beneficial effects of social capital on suicide prevention are parallel to those already found for subjective well-being (Helliwell 2003). The results show that more social...
Persistent link: https://www.econbiz.de/10012467791
The paper first attempts to demonstrate the fundamental importance of the social context. The related evidence is drawn from recent theoretical and empirical advances in the study of subjective well-being. Treating people's self-assessments of the quality of their lives as valid measures of...
Persistent link: https://www.econbiz.de/10012460175
This paper argues that measures of life satisfaction, now being collected annually by the Gallup World Poll in more than 130 countries, permit a much broader view of the quality and consequences of development than other common measures. While these data show the importance of conventionally...
Persistent link: https://www.econbiz.de/10012464140