Showing 1 - 5 of 5
investment to the higher TFP--the latter being another ramification of domestic financial frictions. We use our model to analyze …
Persistent link: https://www.econbiz.de/10012463383
rising relative wages and quantities of high-skilled labor. We develop a theory where demand shifts toward ever more skill … market services. The theory is also consistent with a rising level of skill and skill premium, a rising relative price of …
Persistent link: https://www.econbiz.de/10012463825
substantial reversal to state intervention if nowadays the world was hit by a shock of the size of the Great Depression …
Persistent link: https://www.econbiz.de/10012464054
reallocation effects. We add to a standard Ricardian model a theory of endogenous growth where the engine of growth is the flow of …
Persistent link: https://www.econbiz.de/10012458995
This paper quantifies the roles of increases in the demand for skill-intensive output, the efficient scale of service production, and female labor supply in the growth of services. We extend the Buera and Kaboski (2012a,b) model to a two-person household, incorporating a joint decision on home...
Persistent link: https://www.econbiz.de/10012459289