首页> 外文期刊>Metroeconomica >Productivity growth, Smith effects and Ricardo effects in Euro Area's manufacturing industries
【24h】

Productivity growth, Smith effects and Ricardo effects in Euro Area's manufacturing industries

机译:欧元区制造业的生产率增长,史密斯效应和里卡多效应

获取原文
获取原文并翻译 | 示例
           

摘要

We analyse the determinants of labour productivity across (a sample of) EA member states. We focus on the divergent dynamics before and after the financial crisis, and of core countries relative to peripheral countries. We ground our empirical analysis in Paolo Sylos-Labini's productivity equations. We test different models, including a Panel 2S-LS model and a Panel vector autoregression model. Our preliminary findings confirm and strengthen Sylos-Labini's main insights. Labour productivity in manufacturing industries is strongly and positively correlated with the market size (Smith effect), the relative cost of labour (Ricardo effect), the absolute cost of labour (organization effect) and past investment, whereas it is negatively correlated with current investment. Furthermore, we find evidence that the crisis has affected the size of these effects. Focusing on the core periphery dichotomy, the signs of the effects are the same for both groups of countries, although the Smith, Ricardo and long-run investment effects are usually stronger for core countries compared to peripheral countries. The opposite holds for the organization effect, while investment effects are less clear.
机译:我们分析了EA成员国(样本)中劳动生产率的决定因素。我们专注于金融危机前后的动态变化,以及核心国家相对于外围国家的动态变化。我们基于Paolo Sylos-Labini的生产率方程式进行实证分析。我们测试了不同的模型,包括Panel 2S-LS模型和Panel向量自回归模型。我们的初步发现证实并加强了Sylos-Labini的主要见解。制造业的劳动生产率与市场规模(史密斯效应),相对劳动成本(里卡多效应),绝对劳动成本(组织效应)和过去投资成正相关,而与当前投资负相关。 。此外,我们发现有证据表明危机影响了这些影响的规模。着眼于核心外围国家的二分法,两组国家的效果迹象相同,尽管与外围国家相比,核心国家的史密斯,里卡多和长期投资效果通常更强。组织效应则相反,而投资效应则不清楚。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号