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Unemployment And Productivity Growth
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Book Synopsis Productivity Growth, Inflation, and Unemployment by : Robert James Gordon
Download or read book Productivity Growth, Inflation, and Unemployment written by Robert James Gordon and published by Cambridge University Press. This book was released on 2004 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher Description
Book Synopsis Growth, Productivity, Unemployment by : Robert M. Solow
Download or read book Growth, Productivity, Unemployment written by Robert M. Solow and published by MIT Press. This book was released on 1990 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this book extend and elaborate on many of the important ideas Solow has either originated or developed in the past three decades.
Book Synopsis Unemployment and Productivity in the Long Run by : Pierpaolo Benigno
Download or read book Unemployment and Productivity in the Long Run written by Pierpaolo Benigno and published by International Monetary Fund. This book was released on 2010-11-01 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise in the variance of productivity growth. Evidence based on U.S. time series and on an international panel strongly supports these predictions. The empirical specifications featuring the variance of productivity growth can account for two U.S. episodes which a linear model based only on long-run productivity growth cannot fully explain. These are the decline in long-run unemployment over the 1980s and its rise during the late 2000s.
Book Synopsis Unemployment and Productivity Growth by : Michael Bräuninger
Download or read book Unemployment and Productivity Growth written by Michael Bräuninger and published by . This book was released on 2000 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Is There a Trade-off Between Unemployment and Productivity Growth? by : Robert James Gordon
Download or read book Is There a Trade-off Between Unemployment and Productivity Growth? written by Robert James Gordon and published by . This book was released on 1995 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows how misleading is the facile contrast of Europe following a path of high productivity growth, high unemployment, and relatively greater income equality, in contrast to the opposite path being pursued by the United States. While structural shocks may initially create a positive tradeoff between productivity and unemployment, they set in motion a dynamic path of adjustment involving capital accumulation or decumulation that in principle can eliminate the tradeoff. The main theoretical contributions of this paper are to show how a productivity-unemployment tradeoff might emerge and how it might subsequently disappear as this dynamic adjustment path is set in motion. Its empirical work develops a new data base for levels and growth rates of output per hour, capital per hour, and multifactor productivity in the G-7 nations both for the aggregate economy and for nine sub-sectors. It provides regression estimates that decompose observed differences in productivity growth across sectors. It finds that much of the productivity growth advantage of the four large European countries over the United States is explained by convergence and by more rapid capital accumulation, and that the only significant effect of higher unemployment is to cause capital accumulation to decelerate, thus reducing the growth rate of output per hour relative to multi-factor productivity.
Book Synopsis Growth, Unemployment and Deindustrialization by : Henri L. F. de Groot
Download or read book Growth, Unemployment and Deindustrialization written by Henri L. F. de Groot and published by Edward Elgar Publishing. This book was released on 2000 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing theoretical models that contribute to a better understanding of the wealth of nations, particularly those factors determining economic growth, unemployment, and the sectoral composition of economies, de Groot (environmental economics, Free U., Amsterdam) addresses the major indicators of economic performance: productivity levels, productivity growth, unemployment rates, and degree of industrialization. Special issues include the macroeconomic consequences of outsourcing and downsizing, causes of deindustrialization, the role of trade unions and efficiency-wage considerations, and the relationship between growth and unemployment in a dual labor market. Annotation copyrighted by Book News, Inc., Portland, OR
Book Synopsis Unemployment and Productivity Growth by : Xiaojie Ning
Download or read book Unemployment and Productivity Growth written by Xiaojie Ning and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Systems Approach to Estimating the Natural Rate of Unemployment and Potential Output for the United States by : International Monetary Fund
Download or read book A Systems Approach to Estimating the Natural Rate of Unemployment and Potential Output for the United States written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-10-26 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: The methodology used in this paper has three distinguishing features: the natural rate of unemployment and potential output are jointly estimated; estimation integrates wage and price data with “real” and structural data; and third, the methodology encompasses many of the methods found in the literature. The results indicate that potential output growth has recovered somewhat during the early 1980s, but remains below the rapid rates of increase in the late 1960s. The natural rate, after rising during the late 1960s and the 1970s, is found to have declined in the 1980s. The paper concludes with an assessment of medium-term prospects for potential output and-the natural rate.
Book Synopsis Short and Long-Run Effects of Productivity on Unemployment by : Willi Semmler
Download or read book Short and Long-Run Effects of Productivity on Unemployment written by Willi Semmler and published by . This book was released on 2017 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Okun's (1962) seminal paper is an important study on economic growth and unemployment but a detailed exploration of the effect of productivity growth on unemployment has been left aside. Yet, the relationship between productivity growth and unemployment has been debated since long. In this paper we present stylized facts on the link between productivity growth and unemployment for the short and long run, and present model variants that demonstrate that in the short run productivity growth can have a negative effect on employment - or may even increase unemployment - while in the long run the relationship between productivity growth and employment are likely to co-vary positively. Using US data, empirically we decompose the time series of unemployment rate and productivity growth into long run and short run components and show empirical evidence that the long run and short run components co-vary as predicted by some theories.
Book Synopsis Productivity Growth, Wage Setting and the Equilibrium Rate of Unemployment by : Alan Manning
Download or read book Productivity Growth, Wage Setting and the Equilibrium Rate of Unemployment written by Alan Manning and published by . This book was released on 1992 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Measuring Entrepreneurial Businesses by : John Haltiwanger
Download or read book Measuring Entrepreneurial Businesses written by John Haltiwanger and published by University of Chicago Press. This book was released on 2017-09-21 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: Measuring Entrepreneurial Businesses: Current Knowledge and Challenges brings together and unprecedented group of economists, data providers, and data analysts to discuss research on the state of entrepreneurship and to address the challenges in understanding this dynamic part of the economy. Each chapter addresses the challenges of measuring entrepreneurship and how entrepreneurial firms contribute to economies and standards of living. The book also investigates heterogeneity in entrepreneurs, challenges experienced by entrepreneurs over time, and how much less we know than we think about entrepreneurship given data limitations. This volume will be a groundbreaking first serious look into entrepreneurship in the NBER's Income and Wealth series.
Book Synopsis More Slack than Meets the Eye? Recent Wage Dynamics in Advanced Economies by : Mr.Gee Hee Hong
Download or read book More Slack than Meets the Eye? Recent Wage Dynamics in Advanced Economies written by Mr.Gee Hee Hong and published by International Monetary Fund. This book was released on 2018-03-09 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nominal wage growth in most advanced economies remains markedly lower than it was before the Great Recession of 2008–09. This paper finds that the bulk of the wage slowdown is accounted for by labor market slack, inflation expectations, and trend productivity growth. In particular, there appears to be greater slack than meets the eye. Involuntary part-time employment appears to have weakened wage growth even in economies where headline unemployment rates are now at, or below, their averages in the years leading up to the recession.
Book Synopsis Productivity or Employment by : Ms.Andrea De Michelis
Download or read book Productivity or Employment written by Ms.Andrea De Michelis and published by International Monetary Fund. This book was released on 2013-05-03 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends on their effect on aggregate demand. We raise the possibility that in response to labor supply shocks firms adjust efficiency, rendering TFP endogenous to firms’ production decisions. We present robust cross-country evidence of a strong negative correlation between growth in TFP and labor inputs over the medium to long run. In addition, when using instruments to capture changes in hours worked that are independent of TFP shocks, we find that cross-country increases in labor input cause reductions in TFP growth. These results have important policy implications, including that low productivity growth in some countries may partly be a side effect of strong labor market performance. By the same token, countries facing a declining workforce, say, because of aging, may see accelerating TFP as firms find better ways of employing workers.
Book Synopsis Education, Unemployment and Productivity by : Russell W. Rumberger
Download or read book Education, Unemployment and Productivity written by Russell W. Rumberger and published by . This book was released on 1983 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unemployment and Productivity Growth in OECD Countries by : Gilles Saint-Paul
Download or read book Unemployment and Productivity Growth in OECD Countries written by Gilles Saint-Paul and published by . This book was released on 1991 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Employment and Unemployment Statistics as Indexes of Economic Activity and Capacity Utilization by : Richard Ruggles
Download or read book Employment and Unemployment Statistics as Indexes of Economic Activity and Capacity Utilization written by Richard Ruggles and published by . This book was released on 1979 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Productivity Growth and the Phillips Curve by : Marika Karanassou
Download or read book Productivity Growth and the Phillips Curve written by Marika Karanassou and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we analyse a new Phillips curve (NPC) model and demonstrate that (i) frictional growth, i.e., the interplay of wage staggering and money growth, generates a non-vertical NPC in the long run and (ii) the Phillips curve (PC) shifts with productivity growth. On this basis we estimate a dynamic system of macro-labour equations to evaluate the slope of the PC and explain the evolution of inflation and unemployment in the USA from 1970 to 2006. Because our empirical methodology relies heavily on impulse response functions, it represents a synthesis of the traditional structural modelling and (structural) vector autoregressions. We find that the PC is downward-sloping with a slope of -3.58 in the long run. Furthermore, during the stagflating 1970s, the productivity slowdown contributed substantially to the increases in both unemployment and inflation, whereas the monetary expansion was quite ineffective and led mainly to higher inflation. Finally, the monetary expansion and productivity speedup of the roaring 1990s were both responsible for the significant lowering of the unemployment rate.
