Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5054337 | Economic Modelling | 2014 | 7 Pages |
Abstract
⺠The Common trends and cycles approach is used to decompose productivity series. ⺠Precisely, we study manufacturing labor productivity per hour worked. ⺠We find that the four countries share three common trends and a common cycle. ⺠Trends and cycles support the opportunity cost approach to productivity growth. ⺠Trend innovations are larger than cycle innovations, with the exception of Italy.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Giorgio Calcagnini, Giuseppe Travaglini,