The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …

We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U …. Therefore the secular decline of unemployment since the mid 1990s indeed stemmed from higher average productivity growth. The … initial and final regimes are essentially equal, thus supporting theories that explain the productivity slowdown by a slow …

of productivity, to a larger production potential and to a higher growth rate. The new economy has implications for …

source countries in terms of total factor productivity (TFP). We find that the importance of these transmission mechanisms …

spending out of resource rents. This model also considers productivity spillovers over time, which may exhibit a sector bias … productivity enhancing investments and an oil fund is crucial to achieving both shared growth and macroeconomic stability. -- Oil … fund ; public expenditures ; growth ; productivity spillovers ; Ghana ; CGE analysis …

Does immigration accelerate sectoral change towards high-productivity sectors? This paper uses the mass displacement of … sectors, predicts that immigration boosts output per worker by expanding the high-productivity sector, but decreases output …

The paper examines the effect of trend productivity growth on the determinacy and learnability of equilibria under …