The aim of this paper is to examine the evidence for capital-skilled labor complementarity in six different activity sectors using aggregate production function specifications and a time-series, cross-section panel of Spanish regions. Estimation results have troubles finding evidence that...

This paper contains an analysis of the economic effects of human capital onproduction, measured as Gross Value Added per full-time equivalent worker. To thisend, a Cobb-Douglas type production function has been used, with Gross Value Added(GVA) a function of human capital and private and public...

Since Griliches (1969), researchers have been intrigued by the idea that physical capital and skilled labor are relatively more complementary than physical capital and unskilled labor. This capital-skill complementarity hypothesis has received renewed attention recently, as researchers have...

This paper compares transitional dynamics in two alternative R&D non-scale growth models; one includes endogenous human capital, whereas the other does not. We show that focusing on the speed of convergence to discriminate between the two models can be misleading. Our analysis suggests that a...

We propose an economic theory of infectious disease transmission and rational behavior. Diseases are costly due to mortality (premature death) and morbidity (lower productivity and quality of life). The theory offers three main insights. First, higher disease prevalence implies lower...

This paper analyzes the impact of domestic and foreign technology in explaining Total Factor Productivity (TFP) growth during the second half of the 20th century in some advanced countries (the U.S., France, Germany, the U.K. and Japan). To carry out this objective we use new dataset for the...

The aim of this paper is to analyse the role of human capital in the productivity gains of the countries of the OECD in the period 1965-90, breaking down the productivity gains into technicalchange and gains in efficiency. For this purpose we use both a stochastic frontier production function...

We analyze third degree price discrimination by an upstream monopolistto a continuum of heterogeneous downstream firms. The novelty of ourapproach is to recognize that customizing prices may be costly, whichintroduces an interesting trade-off. As a consequence, partial pricediscrimination arises...

We consider the role of the endogenous choice of platform quality in a broadcasting duopoly market where competing media platforms choose also their level of advertising. We compare the equilibrium levels of quality, advertising and welfare under private and mixed duopoly competition. We show...

Recent empirical evidence provided by Bernard et al. (2010) and Broda and Weinstein (2010) shows that a significant share of product creation and destruction in U.S. industries occurs within existing firms and accounts for a relevant share of aggregate output. In the present paper, and...