G2TT
来源类型Discussion paper
规范类型论文
来源IDDP4536
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
URLhttps://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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