following five questions: 1) To what extent does an economy subject to regular variations in labour productivity growth differ … from one where labour productivity is constant? 2) What is the impact on major macroeconomic indicators of a one …-time change in labour productivity growth? 3) What are the business cycle implications of autonomous (non-falsifiable) changes in …

This paper studies the dynamic behaviour of changes in productivity, wages, and prices. Results are based on a new data … respond to the post-1972 productivity growth slowdown. The paper's analysis of productivity change confirms the real …-wage elasticity of labour input emphasized previously, but shows that the response of productivity to changes in the real wage, and to …

As a result of debt enforcement problems, many high-productivity firms in emerging economies are unable to pledge … additional resources that flow to high-productivity firms after the reforms. We show that some of these resources do not come … from abroad, but instead from domestic low-productivity firms that are driven out of business as a result of the reforms …

. Examining the sources of labour productivity growth in Mexican manufacturing, however, does not provide support for this … conclusion. Although we find that labour productivity levels vary almost in direct relation to establishment size, labour … productivity growth shows no systematic variation by size class. In fact, small establishments have had the same rate of labour …

leading to poor productivity performance are the most plausible explanation of Britain's relative decline. It is argued both …

productivity catch-up is rejected. A number of potential `ultimate' causes behind the slowdown are explored. An increasingly …

productivity growth in the US economy can be attributed to a technological acceleration within durable manufacturing and to …-factor productivity in the 88% of the economy outside of durable manufacturing. In comparison with the Great Inventions of 1860-1900, the …

This paper assesses the ‘one big wave’ in multi-factor productivity (MFP) growth for the United States since 1870. The … boosting productivity growth, followed by a reopening that contributed to the post-1972 productivity slowdown. …

capita income, whereas its labour productivity level -- notably in manufacturing -- remained relatively high. The Dutch …