Why Has the Cyclicality of Productivity Changed? What Does It Mean?
نویسندگان
چکیده
منابع مشابه
A Brief Philosophical Encounter with Science and Medicine
We show a lot of respect for science today. To back up our claims, we tend to appeal to scientific methods. It seems that we all agree that these methods are effective for gaining the truth. We can ask why science has its special status as a supplier of knowledge about our external world and our bodies. Of course, one should not always trust what scientists say. Nonetheless, epistemological jus...
متن کاملVanishing Procyclicality of Productivity? Industry Evidence
Labor productivity (LP) in the United States has gone from being procyclical to acyclical since the mid1980s. Using industry-level data, this paper first shows that total factor productivity (TFP), which is LP net of capital deepening, has also become much less correlated with output as well as inputs over the same period. Moreover, the bulk of the decline in aggregate TFP’s cyclicality is attr...
متن کاملCyclical Budgetary Policy and Economic Growth: What Do We Learn from OECD Panel
This paper uses yearly panel data on OECD countries to analyze the relationship between growth and the cyclicality of government debt. We develop new time-varying estimates of the cyclicality of public debt. Our main findings can be summarized as follows: (i) less procyclical public debt growth can have significantly positive effects on productivity growth, in particular when financial developm...
متن کاملCyclical Budgetary Policy and Economic Growth: What Do We Learn From OECD Panel Data?
This paper uses yearly panel data on OECD countries to analyze the relationship between growth and the cyclicality of government debt. We develop new time-varying estimates of the cyclicality of public debt. Our main findings can be summarized as follows: (i) less procyclical public debt growth can have significantly positive effects on productivity growth, in particular when financial developm...
متن کاملA Critical Study of the Views on the Why of Not Mentioning Uli `lamr as the Source of Conflict in the Verse 59 Nias
The present descriptive-analytic research has examined and interpreted the commentators' view on the why of not mentioning Uli `lamr as a source of conflict resolution in the verse 59 of Sura Nisa. In various respects, some have considered lack of innocence as the reason for not mentioning them as a source of dispute resolution, some view the people`s obligation in following the first part of t...
متن کامل