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Factor Adjustments after Deregulation: Panel Evidence from Colombian Plants

Eslava, Marcela; Haltiwanger Jr, John C; Kugler, Adriana D. - C.E.P.R. Discussion Papers - 2005

In this paper, we analyse employment and capital adjustments using a panel of plants from Colombia. We allow for … investment. Moreover, we find that the market oriented reforms introduced in Colombia after 1990 increased employment adjustments … efficiency, the reforms introduced in Colombia generated only modest improvements. …

Persistent link: https://www.econbiz.de/10005124008

The Marginal Product of Capital

Caselli, Francesco; Feyrer, James - C.E.P.R. Discussion Papers - 2005

Whether or not the marginal product of capital (MPK) differs across countries is a question that keeps coming up in discussions of comparative economic development and patterns of capital flows. Attempts to provide an empirical answer to this question have so far been mostly indirect and based...

Persistent link: https://www.econbiz.de/10005123679

Enterprises in Transition: Macroeconomic Influences on Enterprise Decision-making and Performance

Buiter, Willem H.; Lago, Ricardo; Rey, Hélène - C.E.P.R. Discussion Papers - 1997

The paper analyses the theoretical arguments and empirical evidence linking enterprise performance in transition economies to the macroeconomic environment. Macroeconomic instability is traced to the unsustainability of the fiscal-financial and monetary programmes of the state and to regulatory...

Persistent link: https://www.econbiz.de/10005136652

Political Risk And Irreversible Investment: Theory And An Application To Quebec

Altug, Sumru G.; Demers, Fanny S; Demers, Michel - C.E.P.R. Discussion Papers - 2000

Political risk is widely present in developing but also in developed countries, and stems from a variety of sources. The objective of this paper is twofold. First, we develop a theoretical model to investigate the impact of political risk on irreversible investment. Second, we apply our model to...

Persistent link: https://www.econbiz.de/10005114366

New Business Start-ups and the Business Cycle

Coles, Melvyn G; Kelishomi, Ali Moghaddasi - C.E.P.R. Discussion Papers - 2011

This paper considers new business start-up activity within a stochastic equilibrium model of unemployment. The resulting job creation process is both natural and tractable, and generates equilibrium unemployment and vacancy dynamics which match the volatility and persistence observed in the...

Persistent link: https://www.econbiz.de/10009321840

U.S. Labour Market Dynamics Revisited

Yashiv, Eran - C.E.P.R. Discussion Papers - 2007

The picture of U.S. labour market dynamics is opaque. Empirical studies have yielded contradictory findings and debates have emerged regarding their implications. This paper aims at clarifying the picture, which is important for the understanding of the operation of the labour market, for the...

Persistent link: https://www.econbiz.de/10005666554

Are the Unemployed Unemployable?

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1992

This paper develops a matching model of the labour market under wage rigidity when hiring decisions are irreversible. There are two types of workers, the skilled and the unskilled. The model is used to analyse whether technological advances may have increased unemployment, and shows that this is...

Persistent link: https://www.econbiz.de/10005666594

Gross Job Flows in Russian Industry Before and After Reforms: Has Destruction Become More Creative?

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2001

This Paper uses 1985-99 manufacturing census data for old Russian enterprises to calculate the magnitude and productivity effects of gross job flow rates before and after reforms. Job creation was low throughout the period in this sector, but increased slightly during the transition, while job...

Persistent link: https://www.econbiz.de/10005666804

The High Unemployment Trap

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1992

A model of the labour market under firing restrictions and endogenous quits is constructed. It is shown that in the spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment equilibrium coexisting with a high-quits/low-unemployment...

Persistent link: https://www.econbiz.de/10005791589

Search and Matching in Macroeconomics

Yashiv, Eran - C.E.P.R. Discussion Papers - 2006

This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses its extensions, presents alternative formulations, considers the empirical evidence, and studies applications to macroeconomic questions such as business cycles, growth, and...

Persistent link: https://www.econbiz.de/10005792066

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