Showing 1 - 10 of 119
When a supply and demand model is recursive, with errors uncorrelated across the two equations, ordinary least squares (OLS) is the recommended estimation procedure. Supply to a daily fish market is determined by the previous night’s catch, so this would appear to be a good example of a...
Persistent link: https://www.econbiz.de/10005504667
Using two matched plant level skills and productivity datasets for UK manufacturing we document that (i) more productive firms hire more skilled workers: in 2000, plants at the top decile of the TFP distribution (controlling for their four-digit industry) hired workers with, on average, around...
Persistent link: https://www.econbiz.de/10005497762
Nearly all post-war recessions were preceded by oil-price shocks, but is this because spikes in the price of oil cause economic downturns? At the heart of this question lies an identification problem: oil prices and the state of the world economy are endogenously determined. This paper uses...
Persistent link: https://www.econbiz.de/10005498032
Carluer F. (2005) The dynamics of Russian regional clubs: the time of divergence. Regional Studies 39 , 713-726. This paper examines the evolution of Russian regional disparities in the light of the theory of convergence clubs. The first part presents the limits of the methodology traditionally...
Persistent link: https://www.econbiz.de/10005458039
In 1998, 46 states were involved in a Master Settlement Agreement (MSA) with the tobacco industry. The other four states settled on their own. Our goal is to answer a counter factual question: how would these four states have fared had they been included in the MSA? We use data from Viscusi...
Persistent link: https://www.econbiz.de/10005471719
The discoveries of oil and gas in the so-called “Pre-Salt layer” have triggered a lot of discussions about their economic effect. In this paper we discuss in detail a less discussed dimension: the impact of Pre-Salt layer in the structure of the Brazilian economy, especially the composition...
Persistent link: https://www.econbiz.de/10011159169
China's rapid economic growth has been fueled by industrialization and urbanization. Given its export focus, this industrialization was spatially concentrated in the coastal eastern cities. Over the last decade, a spatial transformation has taken place leading to a deindustrialization of the...
Persistent link: https://www.econbiz.de/10011095621
Using a panel of firm-level data, this paper assesses the effects of Cameroon's trade liberalization in the late 1980s and early 1990s on firm productivity growth in the manufacturing sector. A two-step approach is employed. First, a single production function for the whole manufacturing sector...
Persistent link: https://www.econbiz.de/10011213288
Measures of entrepreneurship, such as average establishment size and the prevalence of start-ups, correlate strongly with employment growth across and within metropolitan areas, but the endogeneity of these measures bedevils interpretation. Chinitz (1961) hypothesized that coal mines near...
Persistent link: https://www.econbiz.de/10010821933
This paper investigates whether exporting firms in Chinese manufacturing sector pay higher average wages than non-exporting firms by analyzing a large firm-level dataset derived from the Chinese Enterprise Census in 2004. Through rigorous exercises involving robust regressions, quantile...
Persistent link: https://www.econbiz.de/10010730430