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Structural change in OECD comparative advantage
Brakman, Steven; Inklaar, Robert; van Marrewijk, Charles - 2010
In the post-war period, the goods composition of trade in OECD countries has changed considerably. We analyze the evolution of comparative advantage using a detailed trade data set and a new analytical tool: the harmonic (weighted) mass index, which enables us to identify periods of structural...
Persistent link: https://www.econbiz.de/10010270555
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Dualism and cross-country growth regressions
Temple, Jonathan; Woessmann, Ludger - 2004
This paper examines whether growth regressions should incorporate dualism and structural change. If there is a differential across sectors in the marginal product of labour, changes in the structure of employment can raise aggregate total factor productivity. The paper develops empirical growth...
Persistent link: https://www.econbiz.de/10010261270
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Pareto-Improving Structural Reforms
Saint-Paul, Gilles - 2019
Economists recommend to partly redistribute gains to losers from a structural reform, which in many cases may be required for making the reform politically viable. However, taxation is distortionary. Then, it is unclear that compensatory transfers can support a Pareto-improving reform. This...
Persistent link: https://www.econbiz.de/10012892197
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Does Electricity Drive Structural Transformation? Evidence from the United States
Gaggl, Paul - 2019
Electricity is a general purpose technology and the catalyst for the second industrial revolution. Developing countries are currently making huge investments in electrification, with a view to achieving structural change. What does history say about its impact on the structure of employment? We...
Persistent link: https://www.econbiz.de/10012859605
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The Role of Human Capital in Structural Change and Growth in an Open Economy : Innovative and Absorptive Capacity Effects
Bye, Brita; Faehn, Taran - 2021
Since the financial crisis in 2008, slow growth has riddled Europe and the Covid-19 pandemic is amplifying the challenge. Promoting economic growth and transforming to a more knowledge-based industrial structure will be high on the agenda for the coming decades. We study how more and better...
Persistent link: https://www.econbiz.de/10013249658
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Structural Change and Productivity Growth in Europe - Past, Present and Future
Duernecker, Georg; Sanchez-Martinez, Miguel - 2021
This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a large sample of European countries, and it builds a quantitative multi-sector growth model to analyze the potential impact that structural change may have on future productivity...
Persistent link: https://www.econbiz.de/10013211112
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Structural Transformation of Occupation Employment
Duernecker, Georg; Herrendorf, Berthold - 2021
We use census data to show that structural transformation reflects a fundamental reallocation of labor from goods to services, instead of a relabelling that occurs when goods-producing firms outsource their in-house service production. The novelty of our approach is that it categorizes labor by...
Persistent link: https://www.econbiz.de/10013211114
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Softening the Blow : U.S. State-Level Banking Deregulation and Sectoral Reallocation after the China Trade Shock
Ruslanova, Lilia; Hoffmann, Mathias - 2021
U.S. state-level banking deregulation during the 1980’s mitigated the impact of the China trade shock (CTS) on local economies (states and commuting zones) a decade later, in the 1990s. Local economies, where local banking markets opened up earlier, were also effectively financially more...
Persistent link: https://www.econbiz.de/10013243243
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Structural Change in Production Networks and Economic Growth
Gaggl, Paul; Gorry, Aspen; vom Lehn, Christian - 2023
This paper studies structural change in production networks for intermediate inputs (input-output network) and new capital (investment network). For each network, we document a declining fraction of production by goods sectors and a rising fraction of production by services sectors. We develop a...
Persistent link: https://www.econbiz.de/10014348090
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Unemployment in a Commodity-Rich Economy: How Relevant Is Dutch Disease?
Kulish, Mariano; Morley, James; Yamout, Nadine; … - 2024
unemployment due to labor market frictions. Bayesian estimates for the model quantify the effects of both business cycle shocks and … structural changes on the unemployment rate. Applying our model to the Australian economy, we find that the persistent rise in … on unemployment due to sectoral shifts. However, this Dutch Disease effect is estimated to be quantitatively small and …
Persistent link: https://www.econbiz.de/10014574324