| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4536 |
| DP4536 Small Sample Confidence Intervals for Multivariate Impulse Response Functions at Long Horizons | |
| Barbara Rossi; Elena Pesavento | |
| 发表日期 | 2004-09-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Germany overtook Britain in comparative productivity levels for the whole economy primarily as a result of trends in services rather than trends in industry. Britain?s productivity lead in services before World War II reflected external economies of scale in a highly urbanised economy with an international orientation. Low productivity in Germany reflected the under-development of services in an economy that was slow to move out of agriculture. As German agricultural employment contracted sharply from the 1950s, catching-up occurred in services. This was aided by a sharp increase in human and physical capital accumulation, underpinned by the institutional framework of the postwar settlement. |
| 主题 | International Macroeconomics |
| 关键词 | Productivity Services Britain Germany |
| URL | https://cepr.org/publications/dp4536 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533506 |
| 推荐引用方式 GB/T 7714 | Barbara Rossi,Elena Pesavento. DP4536 Small Sample Confidence Intervals for Multivariate Impulse Response Functions at Long Horizons. 2004. |
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