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weak. The limited direct evidence of human capital on firm productivity suggests that human capital is indeed productive … role of size and human capital as determinants of either earnings or productivity has been the role of unobserved factors …. In this paper we investigate the roles of size and human capital in determining both earnings and productivity using a …
Persistent link: https://www.econbiz.de/10011152493
Do openness to trade and higher levels of human capital promote faster productivity growth? That they do is a key … on productivity growth. If the level of openness of an economy is doubled the underlying rate of technical progress will … the level of income but no effect on underlying productivity growth. Our preferred estimator combines high and low …
Persistent link: https://www.econbiz.de/10011152494
a non-homothetic technology. Observable skills are not quantitatively important as determinants of productivity …
Persistent link: https://www.econbiz.de/10011152506
The labour productivity differentials between manufacturing firms in Ghana and South Korea exceed those implied by … and South Korea.  There is no significant difference in total factor productivity across the countries once we allow for … in the shape of the relationship between productivity and human capital across countries is crucial for understanding the …
Persistent link: https://www.econbiz.de/10011004209
productivity.  This has been interpreted as evidence that schooling does not increase productivity levels, but may also indicate …
Persistent link: https://www.econbiz.de/10011159001
, Mexico, and Venezuela indicates that productivity growth was significantly higher and less volatile during the middle decades … of the century than in the opening and closing decades. The first estimate of total factor productivity (TFP) growth for …
Persistent link: https://www.econbiz.de/10010701813
In human capital intensive industries where it is difficult to contract upon the training effort of skilled agents a socially suboptimal level of training may occur. We show how partnership organisations can overcome this problem by tying human and financial capital. Partnerships are opaque so...
Persistent link: https://www.econbiz.de/10010661387
Until 1970, the New York Stock Exchange prohibited public incorporation of member firms. After the rules were relaxed to allow joint stock firm membership, investment-banking concerns organized as partnerships or closely-held private corporations went public in waves, with Goldman Sachs (1999)...
Persistent link: https://www.econbiz.de/10010661417
total factor productivity growth in the manufacturing sector, using panel data on 159 EU-15 regions from 1992 to 2005 … productivity growth both directly, reflecting own innovation, and indirectly, reflecting imitation of frontier technology.  Further … productivity growth.  This may be interpreted as lending support to the recent focus of EU regional policy on raising educational …
Persistent link: https://www.econbiz.de/10011004195
fell.  Rising productivity was partly offset by rising house prices and longer household working hours.  Council …
Persistent link: https://www.econbiz.de/10011004240