Showing 1 - 10 of 36
example, can make the effect of a traded-goods productivity improvement on the real exchange rate negative or positive, as … on the relationship between productivity and the real exchange rate. -- Exchange rates ; Productivity …
Persistent link: https://www.econbiz.de/10003933283
Can regulation solve problems arising from a natural monopoly? This paper analyzes whether “unbundling,” referring to regulations that enforce sharing of natural monopolistic infrastructure, prevents entrants from building new infrastructure. It models and estimates a dynamic entry game to...
Persistent link: https://www.econbiz.de/10010849945
), provides a separate analysis of trend labour input and trend labour productivity, and in doing so accounts for more long …
Persistent link: https://www.econbiz.de/10011253083
This paper constructs a theory of the coexistence of fixed-term and permanent employment contracts in an environment with ex-ante identical workers and employers. Workers under fixed-term contracts can be dismissed at no cost while permanent employees enjoy labor protection. In a labor market...
Persistent link: https://www.econbiz.de/10009352263
a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and …
Persistent link: https://www.econbiz.de/10009359839
In Canada, temporary workers account for 14 per cent of jobs in the non-farm business sector, are present in a range of industries, and account for 40 per cent of the total job reallocation. Yet most models of job reallocation abstract from temporary workers. This paper evaluates the importance...
Persistent link: https://www.econbiz.de/10008694042
productivity, by altering the makeup of plants that populate the market. An appreciation of the local currency increases the level … structural model that captures the effect of plantlevel productivity and real exchange rate fluctuations on plant entry and exit … decisions in the Canadian agricultural implements industry, and how this, in turn, affects aggregate productivity. The model …
Persistent link: https://www.econbiz.de/10008461122
Why do employed persons in large firms earn more than employed persons in small firms, even after controlling for observable characteristics? Complementary to previous results, this paper proposes a mechanism that gives an answer to this question. In the model, individuals accumulate human...
Persistent link: https://www.econbiz.de/10005673295
While the service sector has been growing rapidly as a share of total output, aggregate productivity growth has … service sector productivity growth. Measurement problems appear to be greater in services than in goods, and a detailed … analysis of output measurement in the three service industries experiencing the lowest productivity growth suggests that …
Persistent link: https://www.econbiz.de/10005673346
We estimate a New Keynesian general-equilibrium open economy model to examine how changes in oil prices affect the macroeconomy. Our model allows oil price changes to be transmitted through temporary demand and supply channels (affecting the output gap), as well as through persistent supply side...
Persistent link: https://www.econbiz.de/10008558777