Showing 1 - 7 of 7
The euro area has experienced a sustained decline in labour productivity growth since the 1980s. In the economic literature this phenomenon is commonly explained by a decline in capital deepening and lower total factor productivity (TFP) growth. However, the decline in labour productivity growth...
Persistent link: https://www.econbiz.de/10008858935
The paper presents a detailed industry-level productivity analysis (52 industries) for the effects of industry structure on TFP growth for Germany from 1971 until 2000. The analysis builds on a theory by Acemoglu et al. (2003) relating industry structure and productivity growth of an industry....
Persistent link: https://www.econbiz.de/10008858965
This paper develops empirical growth models suitable for dual economies, and studies the relationship between structural change and economic growth. Changes in the structure of employment will raise aggregate productivity when the marginal product of labour varies across sectors. The models in...
Persistent link: https://www.econbiz.de/10008859503
US labor productivity in ICT-skill intensive industries experienced tremendous increases in post-1995 trend growth compared to Germany, while other (non-ICT-skill intensive) industries showed similar growth trends in both countries. Examining the source of industry productivity growth in German...
Persistent link: https://www.econbiz.de/10008859830
The investigation of the determinants of economic growth plays an important role for our understanding of the sources of cross-country income differences. This paper analyzes the effects of institutions and innovations on country productivity growth. The empirical evidence shows that...
Persistent link: https://www.econbiz.de/10008859839
Over the last two decades EU countries experienced diverging productivity growth developments. By examining the sources of EU countries growth drivers on the sectoral level, the paper takes a new look on the influence of innovations. While standard neoclassical Non-ICT capital deepening turns...
Persistent link: https://www.econbiz.de/10008859840