The development gap in La Réunion is a matter of debate to the extent that the concept of development is multifaceted and assessing the level or the gap in this matter is complex. The Human Development Index (HDI) of the United Nations Development Program is undoubtedly the most famous...

The measurement of productivity is a complex task. The OECD has recently released a comprehensive manual or guide to the measurement of industry-level and aggregate productivity. In the fifth article, Paul Schreyer from the OECD and the author of the OECD productivity manual provides an overview...

International productivity comparisons have traditionally focused on productivity growth rates. International productivity level comparisons are much more complex, requiring comparable industry data and estimates of purchasing power at a detailed industry level. The International Comparisons of...

What have we learned about productivity in the past two decades? In this article, Andrew Sharpe from the Centre for the Study of Living Standards reviews a recently published NBER volume entitled New Development in Productivity Analysis, edited by Charles R. Hulten, Edwin R. Dean, and Michael J....

This paper shows that a multiple regression with two highly correlated explanatory variables, both of them with a near zero correlation with the dependent variable may correspond to a spurious regression or to a homeostatic model, with estimates highly sensible to outliers. The regression method...

Real gross domestic product (GDP) fails to account for the trading gains and losses that result from changes in the terms of trade and in the real exchange rate (the price of tradables relative to the price of nontradables). Canada has enjoyed vast improvements in its terms of trade over recent...

Spatial mobility can be seen as an employment strategy to obtain job opportunities located into a different local labor market than the individual origin’s local market. That is migrants should have higher wages than non-migrants, as much more than migration effort should be compensated by job...

In this article, we study the impact of payroll tax subsidies for low-wage workers on various outcomes of the firms, including employment, in particular that of young and less skilled workers. We concentrate on the effects of the 1995 and 1996 tax cuts policies, which permit large decreases in...