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Concerns are mounting over the potential for weak future growth as the Korean economy faces a wide range of structural issues including an aging society, a crisis in key regional industries, and the COVID-19 pandemic. Due to these concerns, the Korean government has established innovation growth...
Persistent link: https://www.econbiz.de/10014263108
drivers of labour productivity in selected OECD countries and their impact on enhanced productivity performance. The report is … divided into three major parts. The first part will provide a general review of international labour productivity and income … growth rates and levels in OECD countries. The second section presents some general lessons from the productivity performance …
Persistent link: https://www.econbiz.de/10005650218
productivity of labor. Therefore, a reallocation of labor from a sector with higher output per worker to a sector with lower output … per worker may be productivity enhancing …
Persistent link: https://www.econbiz.de/10012867751
We develop a generalized production framework with endogenous production techniques that serve to organize raw factor inputs in an efficient manner. We establish a positive relationship between production flexibility and cost efficiency. By allowing firms to differ in technology scales, capital...
Persistent link: https://www.econbiz.de/10013043157
We present a model of endogenous total factor productivity which generates poverty traps. We obtain multiple steady … steady states, in a poverty trap less productive firms operate as well. This results in lower average firm productivity and … lower total factor productivity. In our model a growth miracle is accompanied by a shift of employment from small to large …
Persistent link: https://www.econbiz.de/10012709558
, we suggest that the convergence based on the productivity, can be assisted by a reinforcement of supply-side measures …
Persistent link: https://www.econbiz.de/10012061108
, we suggest that the convergence based on the productivity, can be assisted by a reinforcement of supply-side measures …
Persistent link: https://www.econbiz.de/10011953713
We present a model of endogenous total factor productivity which generates poverty traps. We obtain multiple steady … productivity and lower TFP. Our model is consistent with cross-country empirical evidence on differences in productivity and …
Persistent link: https://www.econbiz.de/10014061526
We show theoretically and empirically that standard methods give downward biased estimates of productivity growth if … technical change is factor-biased. We show how to correct for this bias and construct more reliable measures of the productivity …-CES productivity database for the United States over the years 1958–2011. The bias is especially large in the last decade, making our …
Persistent link: https://www.econbiz.de/10013297096
the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent …, aggregate productivity growth has decreased in most advanced economies since the 1970s. However, it is likely that without the … spread of digital technologies the productivity slowdown would have been even more pronounced, and the recent acceleration in …
Persistent link: https://www.econbiz.de/10012626753