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This paper uses detailed micro data on service exports at the firm-destination-service level to analyse the role of firm heterogeneity in shaping aggregate service exports in Belgium, France, Germany and Spain from 2003 to 2007. We decompose the level and the growth of aggregate service exports...
Persistent link: https://www.econbiz.de/10012947963
This paper provides a new cross-country evaluation of competitiveness, focusing on the linkages between productivity … establish new stylized facts regarding the joint distributions of the firm-level exports performance and productivity in a panel …-exporters. However, this productivity premium is rising with the export experience of firms, with permanent exporters being much more …
Persistent link: https://www.econbiz.de/10013020681
This paper provides a new cross-country evaluation of competitiveness, focusing on the linkages between productivity … establish new stylized facts regarding the joint distributions of the firm-level exports performance and productivity in a panel …-exporters. However, this productivity premium is rising with the export experience of firms, with permanent exporters being much more …
Persistent link: https://www.econbiz.de/10011605833
Do high levels of human capital foster economic growth by facilitating technology adoption? If so, countries with more human capital should have adopted more rapidly the skilled-labor augmenting technologies becoming available since the 1970’s. High human capital levels should therefore have...
Persistent link: https://www.econbiz.de/10011604669
Do high levels of human capital foster economic growth by facilitating technology adoption? If so, countries with more human capital should have adopted more rapidly the skilled-labor augmenting technologies becoming available since the 1970's. High human capital levels should therefore have...
Persistent link: https://www.econbiz.de/10013317624
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. …
Persistent link: https://www.econbiz.de/10011604555
We develop a framework for analyzing “medium-run” departures from balanced growth, and apply it to the economies of continental Europe. A time-varying factor-augmenting production function (mimicking “directed” technical change) with a below-unitary substitution elasticity coupled with...
Persistent link: https://www.econbiz.de/10011604961
and productivity change; when expenditure on consumer durables is recorded as capital investment. The capitalization of … consumer durables impacts both the levels and growth rates of the capital stock, productivity and GDP. Our growth accounting … productivity growth in 1995-2004. ICT's impacts were larger, i.e., one-fifth of GVA growth and one-sixth of labour productivity …
Persistent link: https://www.econbiz.de/10011604986
We reappraise the relationship between productivity and equilibrium real exchange rates using a panel estimation … role of non-traded, as well as traded, sector productivity shocks in exchange rate determination. We find evidence of … significant correlation between real exchange rates and productivity differentials in both sectors. But our finding of a …
Persistent link: https://www.econbiz.de/10011605092
persistence typically proceed along two distinct paths, resorting either to the presence of real shocks such as productivity …
Persistent link: https://www.econbiz.de/10011605119