An international comparison of the impact of the 2008 crisis on productivity

By:

CASTRO, Daniel Fuentes

Material type: Text

TextSeries: Applied Economics Letters ; Volume , number ,New York Taylor & Francis 2013Content type:

text

Media type:

unmediated

Carrier type:

volume

Subject(s):

Online resources:

Click here to access online

Summary: This article seeks to shed light on the puzzle of productivity after the 2008 crisis in the United States, the United Kingdom and the main countries in the Euro Zone. First of all, we calculate the productivity according to the Solow model. Afterwards, we study the TPF cycle in each country applying the Bai and Perron structural break test. Finally, we measure the productivity gap in relation to the pre-crisis trend, and the contribution of TFP, capital and labour. The United States and the Euro Zone have a similar productivity gap, but TFP reduction is more important in Europe (partially offset by better behaviour of the capital to labour ratio than in the United States). Significant differences arise within the Euro Zone.

Reviews from LibraryThing.com:

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Current library	Call number	Vol info	Status	Notes	Date due	Barcode
Journal Article	Main Library - Special Collections	HB1.A666 APP (Browse shelf(Opens below))	Vol.20 , No.13 - 15 (Oct 2013)	Not for loan	For In House Use Only

Browsing Main Library shelves, Shelving location: - Special Collections Close shelf browser (Hides shelf browser)

Previous	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	Next
Previous	HB1.A666 APP Numerical method to calculate Gini coefficient from limited data of subgroups	HB1.A666 APP Common change-points in long-term UK bond yields, 1870–1914 a piecewise linear trends approach	HB1.A666 APP GLS detrending in Sollis nonlinear unit root tests	HB1.A666 APP An international comparison of the impact of the 2008 crisis on productivity	HB1.A666 APP The effect of corruption on migration,1985–2000	HB1.A666 APP Predicting Bank of England's asset purchase decisions with MPC voting records	HB1.A666 APP The willingness to pay for higher education: does the type of fee matter?	Next

This article seeks to shed light on the puzzle of productivity after the 2008 crisis in the United States, the United Kingdom and the main countries in the Euro Zone. First of all, we calculate the productivity according to the Solow model. Afterwards, we study the TPF cycle in each country applying the Bai and Perron structural break test. Finally, we measure the productivity gap in relation to the pre-crisis trend, and the contribution of TFP, capital and labour. The United States and the Euro Zone have a similar productivity gap, but TFP reduction is more important in Europe (partially offset by better behaviour of the capital to labour ratio than in the United States). Significant differences arise within the Euro Zone.

There are no comments on this title.

to post a comment.

here