This Paper studies the inter-temporal problem of a monopolistic firm that engages in productivity-enhancing innovations … to reduce its labour costs. If the level of wages is sufficiently low, the firm's rate of productivity growth approaches … time. Otherwise, it will gradually reduce its innovation effort over time and ultimately terminate production. Productivity …

advantage of the possibility of intertemporal subsitution in order to engage in productivity-improving activities during … trend from the cycle. The results are mildly supportive of the OC theory. Demand shocks tend to have a negative impact on … productivity, both in the short and long run, and the short-run impact is stronger in those countries where fluctuations are more …

An extensive literature on the convergence of productivity between countries examines whether productivity is pulled … use the wide dispersion of productivity across firms to explore convergence to the national frontier. Given this within …

Using two matched plant level skills and productivity datasets for UK manufacturing we document that (i) more …

We study the relation between workers' skill dispersion and firm productivity using a unique dataset of Italian … production function that depends on the skill composition show that a firm's productivity is positively related to skill …

relaxed, and find mixed support for this theory. …

-equilibrium model with endogenous productivity growth. For real wage growth above laissez-faire levels, we obtain steady …-state equilibria in which productivity grows at the same rate as wages, the real interest rate is below the laissez-faire level, and so … constant rate equal to the difference between the growth rates of productivity and output. This contrasts with the view that …

Our model studies the evolution of productivity growth in a competitive industry. The exogenous wage rate determines … the firms' engagement in labour productivity enhancing process innovation. There is a unique steady state of the industry …

and plays a key role in the productivity resurgence of the 1990s. Driving this finding is 4% annual growth in the quality … recent increase in productivity growth is sustainable. …