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Booth, Alison L; Francesconi, Marco; Zoega, Gylfi - C.E.P.R. Discussion Papers - 1999

We investigate two dimensions of investment in general human capital on-the-job: the number of workers trained and the intensity of training for each worker. In the benchmark case, we consider wage and training decisions made by firms in an imperfectly competitive labour market. The benchmark...

Persistent link: https://www.econbiz.de/10005498000

Structural Breaks and Volatility of Gross Domestic Product: Evidence for Portugal

Andraz, Jorge; Norte, Nélia - Centro de Estudos e Formação Avançada em Gestão e … - 2012

This paper presents an empirical analysis of volatility in GDP real growth rates for Portugal over the period 1960 …-2010. The objectives of this paper are threefold: (1) to assess the occurrence of “the Great Moderation” in Portugal and … reveal a progressive “moderation” in Portugal, characterized by two regime changes in both growth rates and volatility. The …

Persistent link: https://www.econbiz.de/10010559885