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Knowledge Spillovers, ICT and Productivity Growth

Corrado, Carol; Haskel, Jonathan; Jona-Lasinio, Cecilia - Institute for the Study of Labor (IZA) - 2014

This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU member states from 1998 to 2007. We find that (a) the...

Persistent link: https://www.econbiz.de/10010790516

Productivity Growth and the Phillips Curve: A Reassessment of the US Experience

Karanassou, Marika; Sala, Hector - Institute for the Study of Labor (IZA) - 2009

In this paper we analyse a new Phillips curve (NPC) model and demonstrate that (i) frictional growth, i.e. the interplay of wage-staggering and money growth, generates a nonvertical NPC in the long-run, and (ii) the Phillips curve (PC) shifts with productivity growth. On this basis we estimate a...

Persistent link: https://www.econbiz.de/10005011906

An Innovation Index Based on Knowledge Capital Investment: Definition and Results for the UK Market Sector

Clayton, Tony; Dal Borgo, Mariela; Haskel, Jonathan - Institute for the Study of Labor (IZA) - 2009

We (a) propose an implementable innovation index, (b) relate it to existing innovation definitions and (c) show whole-economy and industry-specific results for the UK market sector, 2000-2005. Our innovation measure starts by observing that we could get more GDP without innovation by simply...

Persistent link: https://www.econbiz.de/10005761737

Does Training Generally Work? The Returns to In-Company Training

Barrett, Alan; O'Connell, Philip J. - Institute for the Study of Labor (IZA) - 1999

This paper applies the familiar theoretical distinction between general and specific training to the empirical task of estimating the returns to in-company training. Using a firm-level dataset which distinguishes between general and specific training, we test for the relative effects of the two...

Persistent link: https://www.econbiz.de/10005566781

Brain Drain and Productivity Growth: Are Small States Different?

Schiff, Maurice; Wang, Yanling - Institute for the Study of Labor (IZA) - 2008

This paper examines the impact of North-South trade-related technology diffusion on TFP growth in small and large states in the South. The main findings are: i) TFP growth increases with North-South trade-related technology diffusion, with education, and with the interaction between the two, and...

Persistent link: https://www.econbiz.de/10005703441

High Relocation Costs in Search-Matching Models: Theory and Application to Spatial Mismatch

Zenou, Yves - Institute for the Study of Labor (IZA) - 2007

We develop a standard search-matching model in which mobility costs are so high that it is too costly for workers to relocate when a change in their employment status occurs. We show that, in equilibrium, wages increase with distance to jobs and commuting costs because firms need to compensate...

Persistent link: https://www.econbiz.de/10005822330

Efficiency in a Search and Matching Model with Endogenous Participation

Albrecht, James; Navarro, Lucas; Vroman, Susan - Institute for the Study of Labor (IZA) - 2009

We show that in a search/matching model with endogenous participation in which workers are heterogeneous with respect to market productivity, satisfying the Hosios rule leads to excessive vacancy creation. The reason is that the marginal worker does not internalize the effect of his or her...

Persistent link: https://www.econbiz.de/10005822510

Efficiency in a Matching Model with Heterogeneous Agents: Too Many Good or Bad Jobs?

Blázquez, Maite; Jansen, Marcel - Institute for the Study of Labor (IZA) - 2003

This paper analyses the efficiency of the equilibrium allocation in a matching model with two types of workers and jobs … production technologies. Finally, in an extension we derive a tax scheme that restores efficiency and we show how workers …

Persistent link: https://www.econbiz.de/10005822529

Reported Progress under the Student Right-to-Know Act: How Reliable Is It?

Stratton, Leslie S.; Wetzel, James N. - Institute for the Study of Labor (IZA) - 2006

The Student Right-to-Know Act requires colleges to provide institution-specific information on graduation rates for students initially enrolling full-time in the fall term. Not all students, however, initially enroll full-time or in the fall term. We use longitudinal data on academic,...

Persistent link: https://www.econbiz.de/10005822562

Do Market Pressures Induce Economic Efficiency: The Case of Slovenian Manufacturing, 1994-2001

Orazem, Peter F.; Vodopivec, Milan - Institute for the Study of Labor (IZA) - 2003

longitudinal data set on all manufacturing firms in Slovenia over the period 1994-2001, this study analyzes how firm efficiency … firm efficiency occurs across almost all industries and firm types: large or small; state or private; domestic or foreign …-owned. Changes in firm ownership type have no impact on firm efficiency. Rather, competitive pressures that sort out inefficient …

Persistent link: https://www.econbiz.de/10005822655