Differences in wages, employment, and capital between worker-owned and capitalist enterprises are computed from a …, employment, and capital equations largely corroborate the implications of the behavioral models of the two types of enterprise …

covers the period 1993-2005. The estimates indicate that it is advantageous to adjust the stock of labour and capital … simultaneously. The cost advantage of simultaneous changes is small for capital but is large for labour. The empirical results …

as an instrument for investment in cattle. We find average returns in the order of -2% at the mean, but they vary across …

positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …,300 suggesting that in some respects investment subsidies can be cost effective. …

We study the implications of product market competition and investment for price setting, wage bargaining and thereby … market competition will reduce equilibrium unemployment, whereas the effect of increased capital intensity is more complex …. Higher capital intensity will decrease the equilibrium unemployment when the elasticity of substitution between capital and …

We study human capital accumulation in an environment of competitive search. Given that unemployed workers can default … investment in skill-intensive technologies. A public education system funded by graduate taxes can restore efficiency. More …

The empirical identification of non-linearities in investment relies on how investment is assumed to be separated into … investment which allows us to observe regime separation, an aspect of the data that is typically absent from previous empirical … studies. Our results indicate that firms tend to spread the expansion of capital stock over a period of years rather than …

destination province, provincial economic conditions, provincial human capital endowments, domestic and foreign investments made …

In this paper we investigate the dynamic adjustment of labour and capital in German and Dutch firms. The Dutch labour … Netherlands should be more responsive to economic changes. On the other hand, there is unlikely to be such a divergence in capital … dynamics as investment conditions are similar. Our results are consistent with this hypothesis. Furthermore, there is no …