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We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10011256430
How valuable is education for entrepreneurs’ performance as compared to employees’? What might explain any differences? And does education affect peoples’ occupational choices accordingly? We answer these questions based on a large panel of US labor force participants. We show that...
Persistent link: https://www.econbiz.de/10011256522
exploring trends in energy- and labour productivity across 10 manufacturing sectors and 14 OECD countries for the period 1970 … considerably to aggregate manufacturing energy-productivity growth and, hence, to decoupling, while in other countries they partly … manufacturing labour-productivity developments. Furthermore, we find labour-productivity growth to be higher on average than energy-productivity …
Persistent link: https://www.econbiz.de/10011255666
1987-2005. The dataset allows for a comparison with 18 other OECD countries. A key feature of our analysis is that we …
Persistent link: https://www.econbiz.de/10011256047
This paper uses a new dataset derived from a consistent framework of national accounts to compute and evaluate energy intensity developments across 18 OECD countries and 50 sectors over the period 1970-2005. We find that across countries energy intensity levels tend to increase in a fairly wide...
Persistent link: https://www.econbiz.de/10011256243
technological change, by exploring trends in energy- and labour productivity development for 14 OECD countries and four sectors over … considerably to macroeconomic energy-productivity growth while in other countries they partly offset energy-efficiency improvements …. In contrast, structural changes only play a minor role in explaining macroeconomic labour-productivity developments. We …
Persistent link: https://www.econbiz.de/10011256348
This paper provides an empirical analysis of energy- and labour-productivity convergence at a detailed sectoral level …-country variation in productivity performance depends on the level of aggregation. Both patterns of convergence as well as divergence … catch up with technological leaders, in particular in terms of energy productivity. Moreover, the results show that …
Persistent link: https://www.econbiz.de/10011257015
limited role for energy prices in explaining variation in energy productivity, casting doubt on the effectiveness of price … productivity, especially the number of heating days. …
Persistent link: https://www.econbiz.de/10011257306
The potential interactions among fiscal policies, investments and economicgrowth are complex and manifold.In this paper, we will perform a systematic comparative analysis of the variouseconomic insights that arecurrently available on these complex relationships, both theoretically (by aselective...
Persistent link: https://www.econbiz.de/10011255976
This paper reviews the empirical literature on growth and convergence that has addressed the importance of spatial factors. An important distinction in this literature is the one between absolute and relative location. The literature on absolute location predominantly uses non-spatial...
Persistent link: https://www.econbiz.de/10011256152