Labor productivity was studied at the microscopic level in terms of distributions based on individual firm financial data from Japan and the US. A power-law distribution in terms of firms and sector productivity was found in both countries’ data. The labor productivities were not equal for nation and sectors, in contrast to the prevailing view in the field of economics. It was found that the lo...

BACKGROUND: While recognizing the economic obstacles that currently block widespread use, many concerned with improving agricultural productivity and food security in Sub-Saharan Africa (SSA) are focusing on fertilizer as a remedy for declining soil quality and stagnant yields. Some have suggested that SSA needs to increase fertilizer use from 9 to at least 30 kg/ha during the next decade. Othe...

Economic integration is examined in a multi-economy Schumpeterian growth model where economies differ in their research environment, and consequently in the productivity of R&D. We show that economies with more or less the same productivity of R&D integrate. In equilibrium, there can be many common markets with different growth rates as well as stagnating economies with decreasing relative inco...

This paper re-examines the relationship between stock market development and economic growth. It provides a theoretical basis for establishing the channel through which stock markets affect economic growth in the long run. It examines the hypothesis of endogenous growth models that financial development causes higher growth through its influence on the level of investment and its productivity. ...

The analysis in this chapter shows that the differential rate of growth in the manufacturing sector was the key driving force behind regional disparities in Ireland, and that this in turn has been driven by differential productivity growth. The degree to which the divergent pattern is due to the underlying industry characteristics was considered in detail. The analysis suggests that there are s...

This paper investigates the empirical relationship between the size of government and the process of economic growth in Fiji. The results reported here present a mixed picture, in that the model estimated specifies two different effects of the government sector on economic growth. Using annual time series data for the period 1964-1999, it is found that government expenditure exerts a strong ben...

In the context of a monetary union, to keep a territorial equilibrium in terms of economic activity and employment, the relationship between real wages and productivity is crucial. In this paper, empirical evidence about the response of wages to productivity is obtained for 20 OECD countries and the role of labour market institutions to explain differences in this response is analysed.

BACKGROUND Neglected Tropical Diseases (NTDs) not only cause health and life expectancy loss, but can also lead to economic consequences including reduced ability to work. This article describes a systematic literature review of the effect on the economic productivity of individuals affected by one of the five worldwide most prevalent NTDs: lymphatic filariasis, onchocerciasis, schistosomiasis,...

JEL Bibliographic Code O15, O18, O47, O53 We postulate that inferior factor productivity in China’s noncoastal provinces is a principal reason for their lower economic growth despite high investment rates relative to coastal provinces. Using the residual from a fixed-effect Solow growth model for the years 1978-93, we find that TFP is roughly twice as high in the coastal provinces. We estimate ...

The study here analyzes the association between R&D expenditure (as % of GDP) and labor productivity across leading geo-economic players. Empirical evidence seems to show, during the period of analysis, a strong positive association between public and private R&D expenditure. In addition, when R&D spending of business enterprise sector exceeds R&D spending of government sector, the labor produc...