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This paper examines the implications of income redistribution on human capital accumulation and income inequality, presenting a model where human capital investment is indivisible and agents differ in economic opportunity as well as intellectual ability. It is shown that the impact of...
Persistent link: https://www.econbiz.de/10001753212
This paper investigates the time-path of efficiency and productivity change in the case of the Romanian cement industry … the Romanian cement industry before the revolution in 1989 is a slow rate of productivity progress, and a corresponding … catch up in the level of productive efficiency. -- Productivity change ; productive efficiency ; stochastic frontiers ; time …
Persistent link: https://www.econbiz.de/10001600014
relationship between innovation and productivity in Finland, Norway and Sweden at the firm level. Although these countries enjoy a … high degree of political, social and cultural similarities, they differ largely from one another in their productivity … productivity growth. Results reveal major discrepancies between the estimated firm-level results and the aggregated figures …
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This paper examines the relation between prices in conventional stores and on the Internet. Main results from the theoretical analysis are i) we expect a discrete fall in prices in conventional stores as the share of the population with access to Internet reaches a critical level, ii) the...
Persistent link: https://www.econbiz.de/10001599969
of actual to desired level of employment. Productivity growth is defined in terms of a shift in the labor requirement … function. Swedish banking data is used as an application of the above model. -- Productivity ; Efficiency ; Convergence ; Labor …
Persistent link: https://www.econbiz.de/10001600035