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| Hudgins, David; Shuai, Jie. |
| Although high productivity growth is a primary economic goal across nations, it can lead to short run adjustment problems when it temporarily achieves high levels. This may induce a jobless recovery when labor productivity is high while an economy is experiencing sluggish growth or a recession. This paper creates a framework for empirically modeling these effects. This model is used in the context of an optimal control framework in order to derive policy rules for guiding monetary policy during such episodes. |
| Tipo: Journal Article |
Palavras-chave: Monetary policy rules; Productivity gains; Financial Economics; E52; E61; E65. |
| Ano: 2006 |
URL: http://purl.umn.edu/50147 |
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| Martinovska-Stojcheska, Aleksandra; Surry, Yves R.. |
| This paper examines the production and productivity growth of Macedonian agriculture. Furthermore, having in mind the distinctive dual structure of Macedonian agriculture, this study investigates the differences in productivity surplus between family farms and agricultural companies. In the period from 1998 to 2008, the sector experienced an increase in terms of volume with an average annual rate of 0.8%, and a productivity or growth rate of 0.7% per annum. The partial productivity of the production factors generally increased throughout the whole period. The productivity growth mainly originated from the increase in agricultural output prices and was distributed to the input suppliers. Additionally, an important benefit was received by family labour with... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Productivity gains; Surplus accounts; Macedonian agriculture; Farm Management; Productivity Analysis. |
| Ano: 2011 |
URL: http://purl.umn.edu/114667 |
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