Showing 1 - 10 of 229
This paper assesses how structural transformation is affected by sectoral differences in labor-augmenting technological progress, capital intensity, and substitutability between capital and labor. We estimate CES production functions for agriculture, manufacturing, and services on postwar US...
Persistent link: https://www.econbiz.de/10011084211
We examine the sales of French manufacturing firms in 113 destinations, including France itself. Several regularities stand out: (1) the number of French firms selling to a market, relative to French market share, increases systematically with market size; (2) sales distributions are very similar...
Persistent link: https://www.econbiz.de/10005124187
unprecedented growth. We then proceed to study if this positive impact of VC is also present on productivity growth, which is a … affects total factor productivity growth. We do find that VC investment is positively associated with labor productivity but …
Persistent link: https://www.econbiz.de/10005136420
consequences of productivity differences across local labor markets. I seek to understand what happens to the wage, employment and … utility of workers with different skill levels when a local economy experiences a shift in the productivity of a group of … workers. Second, I analyze the causes of productivity differences across local labor markets. To a large extent, productivity …
Persistent link: https://www.econbiz.de/10008468706
We analyze the impact of globalization on individual gains from trade in a general equilibrium model of monopolistic competition featuring product diversity, pro-competitive effects and income heterogeneity between and within countries. We show that, although trade reduces markups in both...
Persistent link: https://www.econbiz.de/10008528544
We use a North-South model with property right differences and resource dynamics to study the effects of trade on resource use and welfare. Autarky is likely to Pareto-dominate free trade in the long run when the environment is quite fragile, and the result is reversed when the environment is...
Persistent link: https://www.econbiz.de/10005123684
This paper simulates the costs of the US-Japan auto VER. Under a standard constant returns to scale (CRTS) formulation, the costs are estimated at about $10 billion. It then sequentially introduces important features of the auto VER: endogenous rent premium determination, wage distortions in...
Persistent link: https://www.econbiz.de/10005123838
the declining sector and hence address the political constraint. The results are in the spirit of the neoclassical theory …
Persistent link: https://www.econbiz.de/10005123976
the relative demand of college graduates increases in expensive cities due to shifts in the relative productivity of …
Persistent link: https://www.econbiz.de/10005136498
We present in this paper a bench-mark model for the optimal speed of transition from a state-owned to a private market economy, based on the consumption-savings decision in a closed economy. This bench-mark model abstracts from rigidities or frictions to focus on the macroeconomic conditions for...
Persistent link: https://www.econbiz.de/10005136581