Showing 61 - 70 of 414,570
Stylised evidence on trade, total factor productivity (TFP) and skill intensity of the labour force is presented …
Persistent link: https://www.econbiz.de/10014117342
in total factor productivity (TFP), but the sources of TFP differences are not well understood. This paper considers the … parameterization, my model shows that conventional TFP measures overestimate fundamental productivity differences by 30%. I then show …
Persistent link: https://www.econbiz.de/10013017077
This paper investigates the interactions among the Romanian industrial production, exports and imports after the adhesion to European Union. We employ monthly values testing for the Granger Causality between the variables in a Vector Autoregression framework. Our results indicate significant...
Persistent link: https://www.econbiz.de/10013047892
In this chapter we discuss the role of natural resources and endowment structures on structural change. Departing from theories of trade that stress specialization according to one's comparative advantages as the key route to development, we articulate an alternative point of view on the role of...
Persistent link: https://www.econbiz.de/10012215151
We account for the sources of world productivity growth, using data for more than 36 industries and 40 major economies … volatility in world productivity growth reflects shifts in the misallocation of labor across countries and industries. Using new … markets. Productivity growth in advanced economies slowed but emerging markets grew more quickly which kept global …
Persistent link: https://www.econbiz.de/10012839575
This paper constructs a model of growth based on Adam Smith's notions of specialization and extent of the market. We seek to explain the following stylized facts. 1) The share of household production in total output has fallen over time as the economy has grown. 2) Services as a percent of GDP...
Persistent link: https://www.econbiz.de/10013110580
determinants of cross-country differences in the persistence of productivity differentials Specifically, we focus on the effects of … convergence rates. Consistent with theories, the persistence of productivity differentials is found to be positively correlated …, productivity convergence appears to be enhanced by human capital but deterred by government spending. …
Persistent link: https://www.econbiz.de/10011399314
We examine productivity growth since World War II in the five leading research economies: West Germany, France, the … data on productivity, research, and patenting, we simulate the growth of the five countries, given initial productivity … simulations capture the magnitude of the slowdown in German, French, and Japanese productivity growth and the relative constancy …
Persistent link: https://www.econbiz.de/10014076313
determinants of cross-country differences in the persistence of productivity differentials Specifically, we focus on the effects of … convergence rates. Consistent with theories, the persistence of productivity differentials is found to be positively correlated …, productivity convergence appears to be enhanced by human capital but deterred by government spending …
Persistent link: https://www.econbiz.de/10013320875
differences in countries' factor endowments and total factor productivity (the Solow residual). While the former can be relatively … interpretation for differences in total factor productivity across countries and quantitatively explore the role of trade barriers in …
Persistent link: https://www.econbiz.de/10009781364