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Persistent link: https://www.econbiz.de/10012387776
Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth … that commenced around 2005. The successful integration of five million predominantly low-productivity workers into the … labor market induced an attenuating effect on productivity growth. This does not explain the slowdown entirely, however. As …
Persistent link: https://www.econbiz.de/10012908671
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 …
Persistent link: https://www.econbiz.de/10003827158
Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth … that commenced around 2005. The successful integration of five million predominantly low-productivity workers into the … labor market induced an attenuating effect on productivity growth. This does not explain the slowdown entirely, however. As …
Persistent link: https://www.econbiz.de/10011897954
Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth … that commenced around 2005. The successful integration of five million predominantly low-productivity workers into the … labor market induced an attenuating effect on productivity growth. This does not explain the slowdown entirely, however. As …
Persistent link: https://www.econbiz.de/10011900858
Since at least the mid-2000's, many advanced economies have experienced low productivity growth. This development is … often related to the declining productivity gains at the technology frontier, which is commonly assumed to be determined by … the U.S. We challenge this explanation by studying the effects of changes in U.S. technology on the productivity level in …
Persistent link: https://www.econbiz.de/10011982561
This paper investigates cross-country productivity convergence at a sectoral level using multivariate unit-root tests …
Persistent link: https://www.econbiz.de/10013321110
This paper investigates the mining industry's poor productivity performance as measured by the conventional multifactor … productivity (MFP) index during the recent mining boom in Australia. We derive a relationship between the measured and 'true' MFP …
Persistent link: https://www.econbiz.de/10014188719
Persistent link: https://www.econbiz.de/10001427066
This paper revisits the issue of conditional volatility in real GDP growth rates for Canada, Japan, the United Kingdom, and the United States. Previous studies find high persistence in the volatility. This paper shows that this finding largely reflects a nonstationary variance. Output growth in...
Persistent link: https://www.econbiz.de/10014051340