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The UK productivity and jobs puzzle: does the answer lie in labour market flexibility?
Pessoa, João Paulo; Van Reenen, John - London School of Economics (LSE) - 2013
have occurred due to changes in factor prices: a large fall in real wages and increases in the cost of capital. In previous … recessions real wages did not fall, but reforms to union strength and welfare have made wages more sensitive to negative demand …
Persistent link: https://www.econbiz.de/10011126109
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Internationalization and innovation of firms: evidence and policy
Altomonte, Carlo; Aquilante, Tommaso; Békés, Gábor; … - London School of Economics (LSE) - 2013
We use a representative and cross-country comparable sample of manufacturing firms (EFIGE) to document patterns of interaction among firm-level internationalization, innovation and productivity across seven European countries (Austria, France, Germany, Hungary, Italy, Spain, United Kingdom). We...
Persistent link: https://www.econbiz.de/10011125974
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Privatization, entry regulation and the decline of labor's share of GDP: a cross-country analysis of the network industries
Azmat, Ghazala; Manning, Alan; Van Reenen, John - London School of Economics (LSE) - 2007
labor share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data …
Persistent link: https://www.econbiz.de/10010746486
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The causal effects of an industrial policy
Criscuolo, Chiara; Martin, Ralf; Overman, Henry G.; Van … - London School of Economics (LSE) - 2012
Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro … positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects … for larger firms (e.g. over 150 employees). We also find the policy raises area level manufacturing employment mainly …
Persistent link: https://www.econbiz.de/10011126451