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Is There a Growth-Unemployment Trade-Off?

Toche, Patrick - Department of Economics, Oxford University - 2001

Why might there be a long-run trade-off between growth and unemployment? In general equilibrium, the returns on the … interest. If the wage grows in line with productivity, there is a positive relation between growth and unemployment. If the … incentive to hire. There emerges a trade-off between growth and unemployment. …

Persistent link: https://www.econbiz.de/10010605230

IS THERE A GROWTH-UNEMPLOYMENT TRADE-OFF?.

Toche, P. - Department of Economics, Oxford University - 2001

Persistent link: https://www.econbiz.de/10005047919

Firm size and human capital as determinants of productivity and earnings

Teal, Francis; Söderbom, Måns - Department of Economics, Oxford University - 2001

The evidence that earnings rise with firm size and that human capital affects earnings based on labour market data are two of the most robust empirical findings in economics. In contrast the evidence for scale economies in firm data is very weak. The limited direct evidence of human capital on...

Persistent link: https://www.econbiz.de/10011152493

Openness and Human Capital as Sources of Productivity Growth: An Empirical Investigation

Teal, Francis; Söderbom, Måns - Department of Economics, Oxford University - 2003

Do openness to trade and higher levels of human capital promote faster productivity growth? That they do is a key implication of several versions of endogenous growth theory. To answer the question we use panel data on 93 countries spanning the 1970-2000 period. Controlling for fixed effects as...

Persistent link: https://www.econbiz.de/10011152494

Size and Efficiency in African Manufacturing Firms: Evidence from Firm-Level Panel Data

Teal, Francis; Söderbom, Måns - Department of Economics, Oxford University - 2002

Three dimensions of the performance of firms in Ghanaâ€™s manufacturing sector are investigated in this paper: their technology and the importance of technical and allocative efficiency. We show that the diversity of factor choices in not due to a non-homothetic technology. Observable...

Persistent link: https://www.econbiz.de/10011152506

The effect of schooling on worker productivity: Evidence from a South African industry panel

Teal, Francis; Burger, Rulof P. - Department of Economics, Oxford University - 2014

Schooling is typically found to be highly correlated with individual earnings in African countries. However, African firm or sector level studies have failed to identify a similarly strong effect for average worker schooling levels on productivity. This has been interpreted as evidence that...

Persistent link: https://www.econbiz.de/10011159001

Productivity Growth in Latin America during the Twentieth Century

Fitzgerald, Valpy; Astorga, Pablo - Department of Economics, Oxford University - 2003

Analysis of new comparable series on output and employment between 1900 and 2000 for Argentina, Brazil, Chile, Colombia, 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...

Persistent link: https://www.econbiz.de/10010701813

Partnership Firms, Reputation and Human Capital

Morrison, Alan; Wilhelm, William - Department of Economics, Oxford University - 2003

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

The Demise of Investment-Banking Partnerships: Theory and Evidence

Morrison, Alan; Wilhelm, William J. - Department of Economics, Oxford University - 2004

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

The Two Faces of R&D and Human Capital: Evidence from Western European Regions

Vogel, Johanna - Department of Economics, Oxford University - 2012

This paper investigates two channels through which research and development (R&D) and human capital may affect regional total factor productivity growth in the manufacturing sector, using panel data on 159 EU-15 regions from 1992 to 2005. Based on the endogenous growth model of Griffith,...

Persistent link: https://www.econbiz.de/10011004195