for a dynamic interaction in explaining total factor productivity (TFP). Relative to the existing literature, our model …

private physical capital per worker. We use a semiparametric analysis, computing Malmquist productivity indexes, and we also …

Labor productivity is more procyclical in OECD countries with lower employment volatility. To capture this new stylized … our model with variable effort, greater labor market frictions are associated with procyclical labor productivity as well … data. By implication, labor market deregulation has a greater effect on the cyclicality of labor productivity and on the …

persistence typically proceed along two distinct paths, resorting either to the presence of real shocks such as productivity …

In this paper, I investigate the welfare effects that developed countries experience after productivity improvements … asymmetries in technology. I model the technology advantage of the developed country, assuming that the productivity distribution … statistics of the US economy, the model predicts that the country with better technology has a higher productivity cut-off level …

Deficits" discussion of the 1980s. In contrast, during the 1990s productivity growth has been identified as the primary cause … importance of budget deficits and productivity shocks for the determination of the current account. Using a sample of 21 OECD … current account, while country-specific productivity shocks appear to play a key role. …

persistence typically proceed along two distinct paths, resorting either to the presence of real shocks such as productivity …

competition drives less productive firms out the market, thereby increasing average productivity as well as reducing average …