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Can intangible capital explain cyclical movements in the labor wedge?

Gourio, François; Rudanko, Leena - 2014

Intangible capital is an important factor of production in modern economies that is generally neglected in business cycle analyses. We demonstrate that intangible capital can have a substantial impact on business cycle dynamics, especially if the intangible is complementary with production...

Persistent link: https://www.econbiz.de/10010352192

Takeoffs

Aizenman, Joshua; Spiegel, Mark - 2007

This paper identifies factors associated with takeoff - a sustained period of high growth following a period of stagnation. We examine a panel of 241 stagnation episodes" from 146 countries, 54 % of these episodes are followed by takeoffs. Countries that experience takeoffs average 2.3% annual...

Persistent link: https://www.econbiz.de/10010285304

Productivity, energy prices, and the great moderation: A new link

Dhawan, Rajeev; Jeske, Karsten; Silos, Pedro - 2008

We study how total factor productivity (TFP), energy prices, and the Great Moderation are linked. First we estimate a … negatively affected productivity. This spillover has since disappeared. Second, we show that within the framework of a dynamic … stochastic general equilibrium model, the disappearance of this energy-productivity spillover generates the significantly lower …

Persistent link: https://www.econbiz.de/10010292361

The State of the Indian Economy 2009-10

Joseph, Mathew - 2009

Despite signs of recovery from the global financial crisis, the GDP growth rate for the Indian economy is likely to be between 5.8 to 6.1 per cent in 2009-10, below the 6.7 per cent recorded in fiscal 2008-09. While there has been an improvement in Indian industry, particularly the manufacturing...

Persistent link: https://www.econbiz.de/10011807647

Puzzles, paradoxes and regularities: Cyclical and structural productivity in the US (1950 - 2005)

Jeon, Yongbok; Vernengo, Matías - 2007

Changes in labor productivity have been a source of puzzlement and paradoxical results for economists. We suggest that … percent of all the variations in labor productivity. Also, our estimation method and our results suggest that conventional …

Persistent link: https://www.econbiz.de/10010288082

Inflation dynamics and the Great Recession

Ball, Laurence; Mazumder, Sandeep - 2011

This paper examines inflation dynamics in the Unites States since 1960, with a particular focus on the Great Recession. A puzzle emerges when Phillips curves estimated over 1960- 2007 are used to predict inflation over 2008-2010: inflation should have fallen by more than it did. We resolve this...

Persistent link: https://www.econbiz.de/10010285786

Financialisation and stagnation: A macroeconomic regime perspective

Hein, Eckhard - 2020

-led mercantilist and the domestic demand-led regime and apply this to six countries, Germany, France, Spain, Sweden, the UK and the USA …

Persistent link: https://www.econbiz.de/10012292734

Population Ageing, Government Budgets, and Productivity Growth in Politico-Economic Equilibrium

Gonzales-Eiras, Martín; Niepelt, Dirk - 2007

productivity. To that purpose, we introduce politics in an OLG economy with endogenous growth due to human and physical capital … resources from education spending to retirement benefits and a slowdown of productivity growth. Calibrated to U.S. data, the … and the education share to fall. This effect depresses the annual productivity growth rate by 10 basis points. In spite of …

Persistent link: https://www.econbiz.de/10011430063

Output collapses and productivity destruction

Blyde, Juan S.; Daude, Christian; Fernández-Arias, Eduardo - 2009

below trend - and total factor productivity (TFP), using a panel of 71 developed and developing countries during the period …

Persistent link: https://www.econbiz.de/10010278252

On-the-job search and the cyclical dynamics of the labor market

Krause, Michael U.; Lubik, Thomas A. - 2004

fluctuations of unemployment, vacancies, and labor productivity whose relative magnitudes replicate the data. A standard search and …

Persistent link: https://www.econbiz.de/10010293492