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We study the impact of intersectoral and interregional trade linkages in propagating disaggregated productivity changes … of measured TFP, GDP, and employment to regional and sectoral productivity changes. We find that the elasticities vary …
Persistent link: https://www.econbiz.de/10013053162
We study the impact of FDI on the productivity of host-country firms. FDI has positive spillovers only when foreign and … increase productivity spillovers from FDI. We show that inventor mobility across sectors is a key channel of technology … transfer. To deal with endogeneity concerns we control for sectoral productivity growth, construct a Bartik-style instrument …
Persistent link: https://www.econbiz.de/10012950067
occurred in Finland in the early 1990s. We find that the sharp drop in real GDP over the period 1990-93 was driven by a … combination of a drop in total factor productivity (TFP) during 1990-92 and of increases in taxes on labor and consumption and … increases in government consumption during 1989-94, which drove down hours worked in Finland. We attempt to endogenize the drop …
Persistent link: https://www.econbiz.de/10012759701
productivity in several thousand establishments located in these regions. To organize the discussion, we present a new model of …
Persistent link: https://www.econbiz.de/10013037866
economic predicament. With an aggregate labour productivity of 55% relative to the rest of the country, both are true transfer …
Persistent link: https://www.econbiz.de/10013240310
technological change and the measurement of total factor productivity that emerged during the second half of the 1950s. Section 2 …
Persistent link: https://www.econbiz.de/10013117048
In this chapter we analyze immigration and its effect on urban and regional economies focusing on productivity and …
Persistent link: https://www.econbiz.de/10013048050
We provide evidence on the relationship between aggregate uncertainty and the macroeconomy. Identifying uncertainty shocks using methods from the news shocks literature, the analysis finds that innovations in realized stock market volatility are robustly followed by contractions, while shocks to...
Persistent link: https://www.econbiz.de/10012948093
We propose a novel identification scheme for a non-technology business cycle shock, that we label "sentiment." This is a shock orthogonal to identified surprise and news TFP shocks that maximizes the short-run forecast error variance of an expectational variable, alternatively a GDP forecast or...
Persistent link: https://www.econbiz.de/10013026790
-adjusted total factor productivity series, which we take as a measure of exogenous productivity. In contrast to the predictions of … the model, positive productivity shocks are estimated to be more expansionary at the ZLB compared to normal times. However …, in line with the predictions of the basic model, positive productivity shocks have a stronger negative effect on …
Persistent link: https://www.econbiz.de/10012989726