Föhrenbergkreis Finanzwirtschaft

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Posts Tagged ‘Productivity’

Weak Productivity: The Role of Financial Factors and Policies

Posted by hkarner - 9. Januar 2018

By Romain Duval, Giuseppe Nicoletti, and Fabrizio Zampolli, IMF Blog

January 8, 2018

weak productivity has been a problem even before the global financial crisis 

Almost ten years after the onset of the global financial crisis productivity growth remains anaemic in advanced economies despite very easy monetary conditions, casting doubts on the sustainability of the cyclical recovery. The productivity slowdown started well before the crisis, which then amplified the problem. To what extent can this slowdown be ascribed to policies and financial factors, including loose monetary policy prior to 2008, corporate and bank balance sheet vulnerabilities, and the exceptional monetary and financial policy responses to the crisis?

Together with policymakers and top scholars in the fields of finance and productivity, the Bank for International Settlements, the International Monetary Fund and the Organization for Economic Cooperation and Development, supported by the Global Forum on Productivity, will seek to address this question with a conference on Weak Productivity: The Role of Financial Factors and Policies held at OECD Headquarters in Paris, France on January 10 and 11. As the organizers of this conference, our goal is to stimulate and inform the policy debate, as well as open promising avenues for further research. Den Rest des Beitrags lesen »

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Wachstum ohne Biss: Warum Ökonomen den Wohlstand bedroht sehen

Posted by hkarner - 6. August 2017

 Eine ausgezeichnete Analyse von Andras Szigetvari, der sich immer mehr zu einer Größe beim Standard entwickelt!(hfk)

Bericht András Szigetvari 6. August 2017, 12:02 derstandard.at

Für Ökonomen ist es gegenwärtig eines der größten Rätsel: Die Welt kämpft mit dem langsamsten Produktivitätsanstieg in 60 Jahren. Neue Maschinen und Technologien, bessere Roboter und effizientere Programme breiten sich zu langsam im Wirtschaftsleben aus. Experten streiten darüber, was die genaue Ursache dafür ist. Vier Thesen zu einer globalen Herausforderung

Manuel Bruschi hat der Selbsttäuschung den Kampf angesagt und dafür 1,2 Millionen Euro aufgetrieben. Der 28-jährige Südtiroler hat mit drei Kollegen „Zei“ entwickelt. Dem achtseitigen Würfel lassen sich verschiedene Aktivitäten zuordnen, wie Teambesprechung, Recherche, Kaffeepause, Kollegentratsch. Jedes Mal, wenn der faustgroße Würfel gedreht wird, überträgt er die Zeit für die aktuelle Tätigkeit auf eine App oder ein Computerprogramm. Damit lässt sich exakt bestimmen, wie wir den Arbeitstag verbringen.

Der Würfel soll den Büroalltag produktiver machen. „Was wir nicht messen, können wir schlecht verbessern“, sagt Bruschi. Wer seinen Tag erst später dokumentiert, tendiere dazu, sich selbst zu belügen. Das Grazer Start-up hinter dem Würfel hat bereits besagte 1,2 Millionen von Investoren aufgetrieben, ist mit Auszeichnungen überhäuft worden und expandiert gerade in die USA. Zei trifft den Nerv der Zeit. Kaum eine Frage gibt Ökonomen weltweit derzeit so viele Rätsel auf wie jene, wie wir wieder produktiver werden können. Die Welt kämpft mit dem langsamsten Produktivitätsanstieg in 60 Jahren. Den Rest des Beitrags lesen »

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Is Productivity Growth Becoming Irrelevant?

Posted by hkarner - 19. Juli 2017

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A European Economic Miracle?

Posted by hkarner - 1. Juli 2017

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The Economic Consequences of a Hung Parliament

Posted by hkarner - 12. Juni 2017

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How Trade with China Boosts Productivity

Posted by hkarner - 26. Mai 2017

By JaeBin Ahn and Romain Duval, IMF Blog

May 24, 2017

Container port, China. Trade with China has helped improve living standards in advanced economies through higher productivity 

Advocates of protectionist policies in advanced economies blame job losses on growing trade with China, and influential researchers have provided some empirical backing for their claims. Yet the benefits of trade with China are often overlooked. Among them is faster growth in productivity—the key driver of improved living standards. This suggests that rather than erecting new barriers to trade, advanced economies should continue to open up—while doing much more to help those who have lost their jobs to overseas competition.

Our new research shows that for advanced economies:

  • Productivity growth has been faster in countries and industries that have been more exposed to China’s opening to trade, all else equal; and
  • As much as 12 percent of the increase in productivity over the 12 years from 1995 through 2007 can be attributed to China’s integration into world trade. Den Rest des Beitrags lesen »

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Robots Aren’t Destroying Enough Jobs

Posted by hkarner - 12. Mai 2017

Date: 11-05-2017
Source: The Wall Street Journal By Greg Ip

Economic predictions of massive job losses to automation are missing indicators that show just the opposite

Robots are growing increasingly sophisticated, but productivity data suggest automation isn’t displacing human workers fast enough.

From Silicon Valley to Davos, pundits have been warning that millions of individuals will be thrown out of work by the rapid advance of automation and artificial intelligence. As economic forecasts go, this idea of a robot apocalypse is certainly chilling. It’s also baffling and misguided.

Baffling because it’s starkly at odds with the evidence, and misguided because it completely misses the problem: robots aren’t destroying enough jobs. Too many sectors, such as health care or personal services, are so resistant to automation that they are holding back the entire country’s standard of living.

“Robot” is shorthand for any device or algorithm that does what humans once did, from mechanical combines and thermostats to dishwashers and airfare search sites. In the long run these advancements are good. By enabling society to produce more with the same workers, automation is a major driver of rising standards of living. Den Rest des Beitrags lesen »

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Chart of the Week: The Productivity Puzzle

Posted by hkarner - 14. März 2017

Posted on by iMFdirect

By iMFdirect

Technological change seems to be happening faster than ever. The prospect of driverless cars, robot lawyers, and 3D-printed human organs becoming commonplace suggests a new wave of technological progress. 

These advances should raise our standard of living by producing more goods and services with less capital and fewer hours of work—that is, by being more productive. But, to paraphrase Nobel laureate Robert Solow, we can see it everywhere but in the productivity statistics.

The vexing truth is that output per worker and total factor productivity—which measures the overall productivity of both labor and capital, and reflects such elements as technology—have slowed sharply over the past decade. Den Rest des Beitrags lesen »

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Rethinking Productivity Growth

Posted by hkarner - 4. März 2017

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