This paper analyses the long-term growth and welfare impact of the transition to the market economy in the countries of Eastern Europe. We define welfare as the average real net wage after payments of social security contributions to fund a paygo-type pension system, and of taxes to service the...

New evidence is presented on the degree of aggregate and sectoral labour productivity convergence among eleven EU countries between 1970 and 1990.

Apres avoir essaye de rapporcher l'evolution de l'investissement du cycle de l'activite reelle dans la premiere partie, mettant ainsi en valeur l'effet accelerateur de la demande, nous etudions la les eventuelles liaisons entre autres agregats economiques et la FBCf. Il s'agit tout...

Alors que la plupart des pays industrialises affichent une croissance plus ou moins molle depuis deux ou trois ans, l'economie americaine provient a se maintenir sur un rythme de croissance soutenu. Par ailleurs, elle des emplis. Dans ce contexte, les entreprises adoptent un vigoureux progarmme...

La nouvelle economie a comme effects visibles d'accroitre considerablement l'intensite capitalistique, donc la productivite du travail. Ceci peut provenir de deux mecanismes. Un mecanisme "actif" ou il est optimal pour les entreprises d'accroitre l'intensite capitalistique parce que, en raison...

The rapid growth performance of the Dutch economy in terms of growth in real GDP, employment and per capita income can be traced back to the mid-1980s. This paper suggests that the growth acceleration of the Dutch economy has primarily been the result of a below-average performance during...

This paper discusses the comparative productivity performance of Eastern and Western Europe since 1950. Firstly, it looks at the productivity estimates since the beginning of transition in 1989. Secondly an historical approach is adopted by taking into account the growth performance of CEEC's...

We combine growth theory with US Census data on individual schooling and wages to estimate the aggregate return to human capital and human capital externalities in cities. Our estimates imply that a one year increase in average schooling in cities increases their aggregate labour productivity by...