Showing 1 - 10 of 3,657
Since 2010, U.S. GDP growth has been anemic, averaging 2.1% a year, and this despite interest rates very close to zero. Historically, one would have expected such low sustained rates to lead to much stronger demand. They have not. For a while, one could point to plausible culprits, from a weak...
Persistent link: https://www.econbiz.de/10012963167
This paper analyzes the role productivity growth had on disinflation in Chile during the 1990s. It argues that … productivity growth was key in avoiding the output costs of stabilization in a highly indexed economy. Disinflation from the early … performance, which combined simultaneously very high rates of growth and declining inflation, productivity stands high. The …
Persistent link: https://www.econbiz.de/10013231866
This paper decomposes Botswana's growth from the late 1960s through 2010 into a within-sector and a between-sector (structural change) component. We find that during the 70s and 80s Botswana's rapid economic growth was characterized by significant structural change with the share of the labor...
Persistent link: https://www.econbiz.de/10013024884
We examine the role of the ICT revolution in driving productivity growth behavior for the United States and an …. Using industry-level data from EU KLEMS, we find that most of the 1995-2005 U.S. productivity growth revival was driven by … rather than providing a new permanent era of faster productivity growth. This joint transatlantic post-2005 slowdown is …
Persistent link: https://www.econbiz.de/10013312125
Beginning in 2004, official statistics display a slowdown in U.S. productivity growth. We show how offshore profit … shifting by U.S. multinational enterprises affects GDP and, thus, productivity measurement. Profit shifting increased in the … mid- 1990s, resulting in lower measured productivity growth. We construct value added adjusted for profit shifting. The …
Persistent link: https://www.econbiz.de/10012958592
productivity growth has declined by half over the past decade, and real income has stagnated since the late 1990s for a majority of …
Persistent link: https://www.econbiz.de/10012944144
This paper examines the potential impact of artificial intelligence (A.I.) on economic growth. We model A.I. as the latest form of automation, a broader process dating back more than 200 years. Electricity, internal combustion engines, and semiconductors facilitated automation in the last...
Persistent link: https://www.econbiz.de/10012945616
factor productivity growth is more important than the effect on capital growth. This explains why the growth effects of … that are more financially developed or have higher quality of institutions experience larger productivity growth responses …
Persistent link: https://www.econbiz.de/10013218534
In this paper, we examine the changes in per-capita income and productivity from 1700 to modern times, and show four … things: (1) that incomes per capita diverged more around the world after 1800 than before; (2) that the source of this …
Persistent link: https://www.econbiz.de/10013221862
has led many economists to believe that productivity growth in these economies, particularly in their manufacturing … productivity) gains from an outward orientation. This view fails to take into account the equally unusual rapid growth of both … envelope calculations to show that, as regards productivity growth in the aggregate economy and in manufacturing in particular …
Persistent link: https://www.econbiz.de/10013235880