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We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …
Persistent link: https://www.econbiz.de/10012462712
Small and young businesses are essential for job creation, innovation, and economic growth. Even most of the superstar …
Persistent link: https://www.econbiz.de/10014322738
This paper aims to identify the sources of human capital growth for the observation period 1990-2020 by region, gender and various determinants. It is a preliminary version of a forthcoming Inclusive Wealth Report 2023 (UNESCO and Urban Institute of Kyushu University) report. It focuses on five...
Persistent link: https://www.econbiz.de/10014468276
Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on skills rather than idiosyncratic attributes unrelated to productivity? If so, why? And what are the aggregate consequences? Using internationally comparable data on worker skills and...
Persistent link: https://www.econbiz.de/10014528414
Persistent link: https://www.econbiz.de/10003286620
exchanging ideas, solving work-related problems, generating new knowledge …
Persistent link: https://www.econbiz.de/10012464513
We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...
Persistent link: https://www.econbiz.de/10012481180
This paper assesses the prospects of a 2021 time bomb in SME failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis. Policies implemented in 2020, on their own, do not create a 2021 "time-bomb" for SMEs. Rather, business failures and policy costs remain...
Persistent link: https://www.econbiz.de/10012482634
prediction is clear, but the empirical analysis of trade flows towards Spain and Portugal after their 1986 entry into the …
Persistent link: https://www.econbiz.de/10012473504
process in Greece, Spain, Ireland, and Portugal and, by way of contrast, in Germany, a country that did experience a reform …
Persistent link: https://www.econbiz.de/10012459762