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Employment protection affects aggregate productivity via several channels in potentially contradicting ways, which … factors across plants, which has been shown in past studies to substantially reduce aggregate productivity. The study provides … product of labor and total factor productivity. The results show that higher cost of dismissing redundant workers is …
Persistent link: https://www.econbiz.de/10012950801
of product market regulation on mark-ups, firm dynamics, investment, employment, innovation productivity, and output …
Persistent link: https://www.econbiz.de/10013318222
Persistent link: https://www.econbiz.de/10012434663
The disparities in cross-country labor productivity are greater in agriculture than in other industries. I propose that … the misallocation of female talent across sectors distorts productivity. I formalize the theory by using a general … productivity increases by 20.6 percent and GDP per capita increases by 6.0 percent, primarily in low-income countries …
Persistent link: https://www.econbiz.de/10013005233
strong creditor protection for aircraft finance. After this reform, country-level productivity in the aviation sector …
Persistent link: https://www.econbiz.de/10012668205
This report presents the results from a new model for projecting growth of OECD and major non-OECD economies over the next 50 years as well as imbalances that arise. A baseline scenario assuming gradual structural reform and fiscal consolidation to stabilise government-debt-to GDP ratios is...
Persistent link: https://www.econbiz.de/10009685835
This paper presents the results from a new model for projecting growth of OECD and major non-OECD economies over the next 50 years as well as imbalances that arise. A baseline scenario assuming gradual structural reform and fiscal consolidation to stabilise government-debt-to GDP ratios is...
Persistent link: https://www.econbiz.de/10009696098
In this paper, we aim to bring the debate on the global productivity slowdown – which has largely been conducted from a … macroeconomic perspective – to a more micro-level. We show that a particularly striking feature of the productivity slowdown is not … so much a lower productivity growth at the global frontier, but rather rising labour productivity at the global frontier …
Persistent link: https://www.econbiz.de/10011610943
A key question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in analyzing this issue, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth inequality from Forbes magazine's listing of billionaires and decompose it...
Persistent link: https://www.econbiz.de/10013019067
This paper surveys the experience of economic growth in the 20th century with a focus on technological change at the frontier together with issues related to success and failure in catch-up growth. A detailed account of growth performance based on historical national accounts data is given and...
Persistent link: https://www.econbiz.de/10014025605