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Does China Still Have a Labor Cost Advantage?
Ceglowski, Janet; Golub, Stephen - CESifo - 2011
In recent years wages in China have been rising and the yuan has appreciated, potentially eroding China’s cost … advantage in manufactures. This paper explores the evolution of China’s relative unit labor costs in manufacturing over 1998 …-2009. Between 1998 and 2003 China’s unit labor costs fell, but since 2003 they have increased both absolutely and relative to US …
Persistent link: https://www.econbiz.de/10009323303
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How Efficient is the East German Economy? An Exploration With Micro Data
Funke, Michael; Rahn, Jörg - CESifo - 2000
The purpose of this paper is to evaluate the efficiency of the East German economy at the firm level using an unbalanced panel over the transition period 1994 to 1998. We adopt a translog stochastic frontier model to estimate technical efficiency in eastern and western Germany. The results...
Persistent link: https://www.econbiz.de/10005181620
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Identification of Segments of European Banks with a Latent Class Frontier Model
Barros, Carlos Pestana; Caporale, Guglielmo Maria; … - CESifo - 2007
This paper analyses technical efficiency of European banks over the period 1996-2003 with unbalanced panel data techniques. A latent class frontier model is used which allows the identification of different segments in the production frontier. We find that there are three statistically...
Persistent link: https://www.econbiz.de/10005405964
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Has Creative Destruction Become More Destructive?
Komlos, John - CESifo - 2014
Schumpeter’s concept of creative destruction as the engine of capitalist development is well-known. However, that the destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP and on welfare is hardly acknowledged, with...
Persistent link: https://www.econbiz.de/10010888453
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Property Rights, Optimal Public Enforcement, and Growth
Irmen, Andreas; Kuehnel, Johanna - CESifo - 2011
We study the link between public enforcement of property rights, innovation investments, and economic growth in an endogenous growth framework with an expanding set of product varieties. We find that a government may assure positive equilibrium growth through public employment in the enforcement...
Persistent link: https://www.econbiz.de/10009386354
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The Learning Process and Technological Change in Wind Power: Evidence from China's CDM Wind Projects
Tang, Tian; Popp, David - CESifo - 2014
since 2002. Using pooled cross-sectional data of 486 registered CDM wind projects in China from 2002 to 2009, we examine the … manufacturers in China’s wind power industry. …
Persistent link: https://www.econbiz.de/10010752785
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The Role of Standards in Eco-innovation: Lessons for Policymakers
Vollebergh, Herman R. J.; Werf, Edwin van der - CESifo - 2013
This paper aims to help policy makers identify how standards can contribute to the effective and cost-efficient development and deployment of eco-innovations (innovations that result in a reduction of environmental impact). To that end we discuss what standards are, how the process of...
Persistent link: https://www.econbiz.de/10010667411
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The Division of Labor and the Market for Organizations
Lindbeck, Assar; Snower, Dennis - CESifo - 2000
The paper examines the determinants of the division of labor within firms. It provides an explanation of the pervasive observed changes in work organization away from the traditional functional departments and towards multi-tasking and job rotation. Whereas the existing literature on the...
Persistent link: https://www.econbiz.de/10005094166
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Firm and Establishment Volatility: The Role of Sunk Costs, Profit Uncertainty and Technological Change
Ghosal, Vivek - CESifo - 2003
The degree of endemic volatility in the number of firms and establishments varies considerably across industries. Examining the within-industry range of variation (max.-min.) of the number of firms over our sample period, the low and high values across U.S. manufacturing industries are 4 and...
Persistent link: https://www.econbiz.de/10005094208
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Neutral Technological Change and the Skill Premium
Moutos, Thomas - CESifo - 2000
We construct a two sector general equilibrium model in which one sector produces a homogeneous good and the other sector produces a vertically differentiated good. We demonstrate that uniform (across sectors) and (Hicks) neutral technological change can cause an increase in the skill premium.
Persistent link: https://www.econbiz.de/10005181295