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- Reaching Higher Productivity Growth in France and Germany: Sector Case: Telecommunications Services
- The telecom services sector reached double-digit annual productivity growth rates in the 1990s. It contributed substantially to overall productivity growth in the three countries being analyzed: France, Germany, and the US. The paper depicts that while most other sectors lag, telecommunications services have given a big boost to productivity in...
- White papers 2002-10-01
- Behind The Gap Between Productivity And Wage Growth
- This paper discussion addresses two points concerning the gap between productivity growth and wage growth in this business cycle. First, it shows that the redistribution from labor to capital that has taken place thus far in this business cycle is in fact typical for the early part of a business...
- White papers 2007-02-01
- OECD Productivity Growth: Medium-Term Trends
- Productivity growth is the key mechanism by which average income and welfare are improved: over the medium term faster productivity growth is associated with more rapid growth in real wages per worker and real consumption per capita. This paper has three objectives. Firstly, it updates the data presented in Englander...
- White papers 2004-11-19
- A Retrospective Look At The U.S. Productivity Growth Resurgence
- It is now widely recognized that Information Technology IT was the key to the dramatic acceleration of U.S. labor productivity growth in the mid-1990s. This paper traces the evolution of productivity estimates to document how and when this perception emerged. Early studies concluded that IT was relatively unimportant. It was...
- White papers 2006-12-01
- Productivity Change In European Banking: A Comparison Of Parametric And Non-Parametric Approaches
- This paper compares parametric and non-parametric estimates of productivity change in European banking between 1994 and 2000. Productivity growth has also been further decomposed into technological change, or change in best practice, and efficiency change. Both the parametric and non-parametric approaches consistently identify those systems that have benefited most (and...
- White papers 2004-04-27
- Productivity Growth In Service Industries
- This paper is one of a series of papers planned to examine the role of Information and Communication Technologies ICT in productivity improvements in Australia. It follows the publication of Productivity Growth in Australian Manufacturing by the former National Office for the Information Economy (NOIE 2004). The paper reflects the...
- White papers 2005-04-01
- Do Productivity Growth, Budget Deficits, And Monetary Policy Actions Affect Real Interest Rates?
- Real-business-cycle models suggest that an increase in the rate of productivity growth increases the real rate of interest. But economic theory is ambiguous when it comes to the effect of government budget deficits on the real rate of interest. Similarly, little is known about the effect of monetary policy actions...
- White papers 2004-09-01
- Information Technology, Organisational Change And Productivity Growth
- We examine the relationships between productivity growth, IT investment and organisational change (?O) using UK firm panel data. Consistent with the small number of other micro studies we find: IT appears to have high returns in a growth accounting sense when ?O is omitted; when ?O is included the IT...
- White papers 2006-02-01
- Information Technology, Organisational Change And Productivity Growth: Evidence From UK Firms
- We examine the relationships between productivity growth, IT investment and organisational change DO using UK firm data. Consistent with the small number of other micro studies we find a IT appears to have high returns in a growth accounting sense when DO is omitted; when DO is included the IT...
- White papers 2006-12-01
- Firm Demography And Aggregate Productivity Growth
- This paper examines the dynamic relation between firm demography and aggregate productivity firm in Sweden during the period 1997-2003. By using enterprise demography data, the interaction between micro dynamics and aggregate productivity growth is discerned. The result of the decomposition shows that the contribution of entry and exit of firms...
- White papers 2006-10-05
- Challenges For Productivity Measurement In OECD Countries
- Productivity growth is the basis for improvements in real incomes and welfare. Slow productivity growth limits the rate at which real incomes can improve, and also increases the likelihood of conflicting demands concerning the distribution of income. Measures of productivity growth and of productivity levels therefore constitute important economic indicators....
- White papers 2004-12-06
- Firms' Age, Process Innovation And Productivity Growth
- This paper looks directly at the impact of firms' age and process innovations on productivity growth. A model that specifies productivity growth as an unknown function of these variables is devised and estimated using semi-parametric methods. Results show that firms enter the market experiencing high productivity growth and that above-average...
- White papers 2003-11-01
- Trade Liberalization And Productivity Growth
- This paper presents a trade model with firm-level productivity differences and R&D-driven growth. Trade liberalization causes the least productive firms to exit but also slows the development of new products. The overall effect on productivity growth depends on the size of intertemporal knowledge spillovers in R&D (Research & Development). When...
- White papers 2006-09-11
- Where Did The Productivity Growth Go?: Inflation Dynamics And The Distribution Of Income
- A basic tenet of economic science is that productivity growth is the source of growth in real income per capita. But the results raise doubts. This paper creates a direct link between macro productivity growth and the evolution of the income distribution at the micro level. In addition to its...
- White papers 2005-10-27
- Learning And Shifts In Long-Run Productivity Growth
- Shifts in the long-run rate of productivity growth - such as those experienced by the U.S. economy in the 1970s and 1990s|are difficult, in real time, to distinguish from transitory fluctuations. This paper analyze the evolution of forecasts of long-run productivity growth during the 1970s and 1990s and examine in...
- White papers 2004-03-25
- ICT And Productivity In Europe And The United States Where Do The Differences Come From?
- The surge in labour productivity growth in the United States in the late 1990s has prompted much speculation about the capacity of Information and Communication Technologies ICT to structurally increase growth. The simultaneous slowdown in productivity growth in the EU suggests the European countries are falling behind. In this paper...
- White papers 2003-05-01
- Productivity Change In European Banking
- This paper compares parametric and non-parametric estimates of productivity change in European banking between 1994 and 2000. Productivity growth has also been further decomposed into technological change, or change in best practice, and efficiency change. Both the parametric and non-parametric approaches consistently identify those systems that have benefited most (and...
- White papers 2004-04-27
- Do Intellectual Property Rights Stimulate R&D And Productivity Growth?
- Through domestic and international legislative reforms, various countries are adopting new and stronger intellectual property protections. A severe shortage of evidence exists as to the effects of Intellectual Property Rights IPRs on R&D and productivity growth, among other things. The purpose of this paper, therefore, is to help enhance the...
- White papers 2005-09-29
- Foreign Technology Transfer And Productivity At The Plant Level
- Productivity growth is a driving factor for differential income levels across countries, which may be affected particularly for developing countries by technology transfer. The authors evaluate the existence and magnitudes of technology transfer productivity effects for Turkish manufacturing, based on imports, exports, licensing, and FDI Foreign Direct Investment, for plants...
- White papers 2005-06-17
- The Contribution Of Foreign Capital To U.S. Productivity Growth
- U.S. Bureau of Labor Statistics productivity data show output growth per worker since 1995 approximately doubling the rate achieved over the preceding two decades. A rapid inflow of foreign investment paralleled the growth in productivity, suggesting a positive link between U.S. productivity and foreign capital. The goal of this study...
- White papers 2003-01-29
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