economy - can paradoxically increase the productivity of an economy where productivity is a function of the average level of … drain on productivity occurs when successful emigration is not a certainty and when the increase in human capital …

employment relationship, enhanced by employment protection, is also favorable to the productivity of the job.We analyze … employment protection focusing on this trade-off between adjustment costs and productivity.We show that from a welfare point of …

, ran down savings, presumably to complement the loan and achieve the minimum investment amount. In less-educated households …

productivity increases either through imitation or innovation, and both activities use the same types of human capital as inputs … performance.They converge faster, and possibly to a higher productivity level than countries where such policies are neglected. …

This paper revisits the important result of the real options approach to investment under uncertainty, which states … that increased uncertainty raises the value of waiting and thus decelerates investment.Typically in this literature … that investment projects are usually considered to have a .nite life.The present paper studies investment projects with …

This paper considers an investment timing problem in a duopoly framework. The results of the seminal contribution by … scenario we have a preemption equilibrium with dispersed investment timing, while in the second scenario an equilibrium with … joint investment prevails. In the third scenario preemption holds in case uncertainty is low, and joint investment is the …