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with respect to productivity, we demonstrate that productivity growth affects the labour share in the long run due to … frictional growth (that is, the interplay of wage dynamics and productivity growth). In the light of this result, we consider a … (or, equivalently, the wage-productivity gap) deserves the attention of policy makers …
Persistent link: https://www.econbiz.de/10013139711
We use a stochastic frontier production model to estimate the technical efficiency of the 21 more industrialized countries in the world for the wide period from 1966 to 2007. A Cobb-Douglas function with labour and capital as inputs, GDP as output and an efficiency term with exponential...
Persistent link: https://www.econbiz.de/10013153056
productivity differences, and the size-dependent distortions emphasized in the misallocation literature. Our findings indicate that …
Persistent link: https://www.econbiz.de/10013002439
both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew …
Persistent link: https://www.econbiz.de/10013023960
both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew …
Persistent link: https://www.econbiz.de/10013043955
; Distance to Frontier ; Inappropriate Technologies ; Skill-biased Technical Change ; Productivity ; TFP differences …
Persistent link: https://www.econbiz.de/10009739171
This paper investigates the impact of structural reforms on productivity growth. A panel analysis of 20 OECD countries … finds that the impact of structural reforms on productivity growth may be weak or negative in the short run, possibly due to … run, however, structural reforms are found to have significantly positive effects on productivity growth …
Persistent link: https://www.econbiz.de/10013317962
current low productivity and GDP growth in advanced countries. Our projection tool allows for the modelling of technology …
Persistent link: https://www.econbiz.de/10012964845
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10014184424
This paper constructs an industry-level dataset of productivity across advanced economies, showing that Korea’s labor … productivity and total factor productivity levels are below the median of other advanced economies. We identify sizable industry …-level productivity gaps in Korea with respect to the global frontier, especially in market-oriented services. Using the OECD’s Product …
Persistent link: https://www.econbiz.de/10014236304