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Using firm-level data from nine developing countries we demonstrate that (a) certain institutions like restrictive labour market regulations that are considered to be bad for economic growth might be beneficial for production efficiency, whereas (b) good business environment which is considered...
Persistent link: https://www.econbiz.de/10009130624
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained....
Persistent link: https://www.econbiz.de/10011294713
We study the link between public enforcement of property rights, innovation investments, and economic growth in an endogenous growth framework with an expanding set of product varieties. We find that a government may assure positive equilibrium growth through public employment in the enforcement...
Persistent link: https://www.econbiz.de/10010280647
We review the literature on public sector outsourcing to explore if the theoretical predictions from the incomplete contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and magnitude of their contractibility problems. The...
Persistent link: https://www.econbiz.de/10012022711
From a theoretical perspective the link between the speed and scope of rapid labor reallocation and productivity growth … or income inequality is ambiguous. Do reallocations with more flows tend to produce higher productivity growth? Does such … flows in the period of massive and rapid labor reallocation, i.e. the economic transition from a centrally planned to a …
Persistent link: https://www.econbiz.de/10011543181
productivity across Ghana and South Korea. The labour productivity differentials across these firms exceed those implied by macro … show that if we allow for a non-linear effect of education on output the whole of the average productivity differences …
Persistent link: https://www.econbiz.de/10011289948
This paper estimates the relative multi-factor productivity (MFP) of privatized and state-owned enterprises using a …
Persistent link: https://www.econbiz.de/10011309155
This paper examines the relationship between firm multifactor productivity growth (mfp) and changing skill levels of …
Persistent link: https://www.econbiz.de/10011388032
Labour productivity stagnated in the UK in the years between the financial crisis and the emergence of Covid-19. At the … same time labour supply and employment grew strongly, driven primarily by net inward migration. While labour productivity … that around one-fifth, or 4pp, of the 25 log point fall in productivity from its previous trend can be explained by …
Persistent link: https://www.econbiz.de/10012603201
We estimate the impact of workforce diversity on productivity, wages and productivity-wage gaps (i.e. profits) using … econometric issues, show that educational (age) diversity is beneficial (harmful) for firm productivity and wages. The … industries. Overall, findings do not point to sizeable productivity-wage gaps except for age diversity. …
Persistent link: https://www.econbiz.de/10009738766