Increasing returns versus externalities: pro-cyclical productivity in US and Japan
Article
Vecchi, M. 2000. Increasing returns versus externalities: pro-cyclical productivity in US and Japan. Economica. 67 (266), pp. 229-244. https://doi.org/10.1111/1468-0335.00205
Type | Article |
---|---|
Title | Increasing returns versus externalities: pro-cyclical productivity in US and Japan |
Authors | Vecchi, M. |
Abstract | This paper investigates procyclical productivity and attempts to discriminate among several competing explanations. The study focuses on the United States and Japan, since the different industrial relations in these two economies serve to cast a sharper light on the procyclical productivity debate. Labour hoarding, evaluated through the introduction of a labour utilization proxy, proves to be an important influence. The interpretation of the role of external economies remains an open issue. |
Publisher | London School of Economics and Political Science |
Journal | Economica |
ISSN | 0013-0427 |
Publication dates | |
2000 | |
Publication process dates | |
Deposited | 13 Mar 2009 |
Output status | Published |
Digital Object Identifier (DOI) | https://doi.org/10.1111/1468-0335.00205 |
Language | English |
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