Showing 1 - 10 of 71
productivity/technology shock explanation. This study tries to discriminate between these hypotheses by estimatinf the labor input … coefficient in a production function regression with instrumental variables that are assumed to be unrelated to technology shocks. …
Persistent link: https://www.econbiz.de/10005634505
We analyze how firms adjust their labor in response to idiosyncratic shifts in their production function and demand curves using a unique data-set of Swedish manufacturing firms. We show that permanent shocks to firm-level demand is a main driving force behind both job and worker reallocation....
Persistent link: https://www.econbiz.de/10011095056
components for a pervasive general purpose technology. The technological system isexplicitly modeled as a complex interrelation … different phases can be obtained, the timing of technology shifts endogenized and a simple characterization of stationary cycles …. g. the shift to computer technology. …
Persistent link: https://www.econbiz.de/10005479144
This paper estimates technology growth using several variants of the Hall (1988, 1990) method on data for Swedish two … specification. Finally, the cyclical behavior of the resulting technology measure is studied and the responses of hours and output … to a technology shock are estimated using a variant of the standard VAR-approach. The main finding is that a positive …
Persistent link: https://www.econbiz.de/10005634539
This paper estimates technology growth using several variants of the Hall (1988, 1990) method on data for Swedish two … specification. Finally, the cyclical behavior of the resulting technology measure is studied and the responses of hours and output … to a technology shock are estimated using a variant of the standard VAR-approach. The main finding is that a positive …
Persistent link: https://www.econbiz.de/10005669556
Persistent link: https://www.econbiz.de/10005669599
The paper examines policy externalities between imperfectly competitive open economies where unemployment prevails in general equilibrium. We develop a two-country and two-sector model with monopolistic competition in the goods market and wage bargaining in the labor market. Policy externalities...
Persistent link: https://www.econbiz.de/10005190453
An often heard view is that exchange rate variability will decrease for a country that joins the EMU. This is not necessarily true. Both real and nominal exchange rate variability increase under certain circumstances when asymmetric demand shocks occur inside or outside the union. These results...
Persistent link: https://www.econbiz.de/10005634554
The paper examines policy externalities between imperfectly competitive open economies where unemployment prevails in general equilibrium. We develop a two-country and two-sector model with monopolistic competition in the goods market and wage bargaining in the labor market. Policy externalities...
Persistent link: https://www.econbiz.de/10005669550
This paper estimates technology growth using several variants of the Hall (1988, 1990) method on data for Swedish two … specification. Finally, the cyclical behavior of the resulting technology measure is studied and the responses of hours and output … to a technology shock are estimated using a variant of the standard VAR-approach. The main finding is that a positive …
Persistent link: https://www.econbiz.de/10005644598