Microeconomics 1989Martin N. Baily, Peter C. Reiss For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business communities with timely research of current economic issues. Contents Include: Articles BART VAN ARK and DIRK PILAT Productivity Levels in Germany, Japan, and the United States: Differences and Causes MARTIN NEIL BAILY Competition, Regulation, and Efficiency in Service Industries ROBERT Z. LAWRENCE and MATTHEW J. SLAUGHTER International Trade and American Wages in the 1980s: Giant Sucking Sound or Small Hiccup? RICHARD E. CAVES and MATTHEW B. KREPPS Fat: The Displacement of Nonproduction Workers from U.S. Manufacturing Industries BRONWYN H. HALL Industrial Research During the 1980s: Did the Rate of Return Fall? PAUL M. ROMER Implementing a National Technology Strategy with Self-Organizing Investment Boards |
Contents
Differences and Causes | 1 |
Comments and Discussion | 49 |
Competition Regulation and Efficiency in Service Industries | 69 |
Comments and Discussion | 129 |
Giant Sucking Sound or Small Hiccup? | 159 |
Comments and Discussion | 208 |
The Displacement of Nonproduction Workers from US Manufacturing Industries | 224 |
Comments and Discussion | 271 |
Did the Rate of Return Fall? | 286 |
Comments and Discussion | 328 |
| 342 | |
Comments and Discussion | 388 |
Common terms and phrases
adjustment airlines announcements argued assets average Baily banks basic branches Bureau capital stock Census changes coefficient comparisons Compustat convergence corporate cost countries decline deflator differences downsizing dummy Economic effect employees equipment estimates European airlines excess returns fabricated metals factor productivity figure firms funds Germany Griliches increased industry intensity Japan Japanese labor input labor productivity machinery McKinsey McKinsey Global Institute measure mergers National nonproduction employment nonproduction labor nonproduction workers nonrival OECD paper percent production workers productivity gap productivity growth productivity levels purchasing power parities R&D capital R&D intensity R&D investment R&D spending rate of return ratio real output regression regulation relative wages retail shift skilled Source Stolper-Samuelson structure telecommunications terms of trade Textiles total factor productivity total manufacturing U.S. dollars U.S. level U.S. manufacturing United Kingdom UVRS value added value of R&D variables weights Zvi Griliches
Popular passages
Page 342 - No amount of savings and investment, no policy of macroeconomic fine-tuning, no set of tax and spending incentives can generate sustained economic growth unless it is accompanied by the countless large and small discoveries that are required to create more value from a fixed set of natural resources.