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This paper examines how productivity effects of human capital and innovation vary at different points of the … conditional productivity distribution. Our analysis draws upon two large unbalanced panels of 6,634 enterprises in Germany and 14 … are more dispersed in the Netherlands. In both countries, we observe non-linearities in the productivity effects of …
Persistent link: https://www.econbiz.de/10011256679
market productivity. The key constituents of human capital, identified in the literature, are jointly examined in a close …-to-reality-model. The main advantage of our model of productivity is that, in addition to accounting for the filigree composition of human … groups of migrating and local human capital, their interaction and joint impact on local productivity, and (2) to cross …
Persistent link: https://www.econbiz.de/10011257327
endogenously determined within the model. By considering joint investment in health capital and in skill capital, the model … strongly multiplicative in skill and health, so that investment in skill capital raises the return to investment in health …
Persistent link: https://www.econbiz.de/10011272580
We extend Lazear’s theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical framework linking new business creation with an entrepreneur’s skill variety. Second, in this model we allow for both generalists and specialists to possess skill variety....
Persistent link: https://www.econbiz.de/10011272604
This paper proposes that risk aversion encourages individuals to invest in balancedskill profiles, making them more likely to become entrepreneurs. By not havingtaken this possible linkage into account, previous research has underestimated the impactsboth of risk aversion and balanced skills on...
Persistent link: https://www.econbiz.de/10011255496
Legislation affects corporate governance and the return to human and financial capital. We allow the preference of a political majority to determine both the governance structure and the extent of labor rents. In a society where median voters have relatively more at stake in the form of human...
Persistent link: https://www.econbiz.de/10011255512
and empirical literature analyses the impact of technological progress with respect to changes in regional productivity …
Persistent link: https://www.econbiz.de/10011255958
Existing studies show a positive relationship between entrepreneurs' business performance and their conventional human capital as measured by previous business experience and formal education. In this paper, we explore whether illegal entrepreneurship experience (IEE), an unconventional form of...
Persistent link: https://www.econbiz.de/10011255961
This discussion paper led to an article in <I>Regional Studies</I> (2014). Volume 48, issue 4, pages 624-645.<P> Knowledge triggers regional growth. Evidence suggests that skilled labour force concentrates in islands of innovation, determining an advantage for innovative regions and a challenge for...</p></i>
Persistent link: https://www.econbiz.de/10011256017
In this paper we employ techniques developed in spatial econometrics to analyse spatial patterns of technology diffusion, to detect clusters and to estimate theoretical models that incorporate space explicitly. These techniques correct for misspecifications resulting from the omission of spatial...
Persistent link: https://www.econbiz.de/10011256081