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Distance to Which Frontier? Evidence on Productivity Convergence from International Firm-level Data
Bartelsman, Eric J; Haskel, Jonathan; Martin, Ralf - C.E.P.R. Discussion Papers - 2008
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 …
Persistent link: https://www.econbiz.de/10005123710
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Interpreting the 'One Big Wave' in US Long-Term Productivity Growth
Gordon, Robert J - C.E.P.R. Discussion Papers - 2000
This paper assesses the ‘one big wave’ in multi-factor productivity (MFP) growth for the United States since 1870. The … mysterious doubling in the ratio of output to capital input when the postwar era is compared with 1870-1929. Measurement … the measurement of capital. A new MFP series taking account of all these adjustments grows more slowly throughout, and the …
Persistent link: https://www.econbiz.de/10005124204
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Slowdowns and Meltdowns: Post-war Growth Evidence from 74 Countries
Ben-David, Dan; Papell, David - C.E.P.R. Discussion Papers - 1995
Many countries, both industrialized and developing, appear to have experienced a slowdown in economic growth. We examine a large sample of countries and find that a majority exhibit a significant structural break in their post-war growth rates. In nearly all of these cases the break was followed...
Persistent link: https://www.econbiz.de/10005498062
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The Unit Root Hypothesis in Long-term Output: Evidence from Two Structural Breaks for 16 Countries
Ben-David, Dan; Lumsdaine, Robin L; Papell, David - C.E.P.R. Discussion Papers - 1996
Recent literature has documented the sensitivity of unit root tests to failure to account for structural change. This paper reconsiders international evidence on the unit root hypothesis while allowing for two structural breaks. We find evidence of two breaks in three-quarters of the data,...
Persistent link: https://www.econbiz.de/10005792160
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The Great Wars, the Great Crash, and the Unit Root Hypothesis: Some New Evidence About An Old Stylized Fact
Ben-David, Dan; Papell, David - C.E.P.R. Discussion Papers - 1994
For decades, the prevailing sentiment among economists was that growth rates remain constant over the long run. Kaldor considered this to be one of the six important `stylized facts' that theory should address, and until the emergence of endogenous growth models, this was a fundamental feature...
Persistent link: https://www.econbiz.de/10005114489
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Growth in Euro Area Labour Quality
Schwerdt, Guido; Turunen, Jarkko - C.E.P.R. Discussion Papers - 2006
nearly one third of euro area labour productivity growth. The results point to a significant decline in the contribution of … total factor productivity to euro area growth. …
Persistent link: https://www.econbiz.de/10005662236
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Small Scale Reservation Laws and the Misallocation of Talent
García-Santana, Manuel; Pijoan-Mas, Josep - C.E.P.R. Discussion Papers - 2011
In this paper we quantify the effects of the Small Scale Reservation Laws in India on the aggregate productivity …
Persistent link: https://www.econbiz.de/10008854474
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The Euro and Firm Restructuring
Bugamelli, Matteo; Schivardi, Fabiano; Zizza, Roberta - C.E.P.R. Discussion Papers - 2010
euro has been accompanied by a reallocation of activity within rather than across sectors. Since its adoption, productivity …
Persistent link: https://www.econbiz.de/10008468598
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The Mirage of Convergence: Why Poor Countries May Only Seem to Be Closing the Income Gap
Filer, Randall K; Hajkova, Dana; Hanousek, Jan - C.E.P.R. Discussion Papers - 2004
Replication of two recent studies of growth determinants shows that results are sensitive to the choice of data from which growth rates are calculated, especially with respect to whether economic convergence has occurred. Previous warnings against using data that has been adjusted to increase...
Persistent link: https://www.econbiz.de/10005656283
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The causal effects of an industrial policy
Criscuolo, Chiara; Martin, Ralf; Overman, Henry G; Van … - C.E.P.R. Discussion Papers - 2012
Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro …
Persistent link: https://www.econbiz.de/10011084352