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The Globalisation-Welfare State Nexus : Evidence from Asia
Potrafke, Niklas - 2019
expenditures in Asia. Neither do the results suggest that the nexus between globalisation and social expenditures varied across …
Persistent link: https://www.econbiz.de/10012892254
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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 … that structural change may have on future productivity growth. We document that the observed reallocation of economic … activity since the 1970s towards the service sector has exerted a strongly negative effect on aggregate productivity growth in …
Persistent link: https://www.econbiz.de/10013211112
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The Impact of Product and Labour Market Reform on Growth : Evidence for OECD Countries Based on Local Projections
de Haan, Jakob - 2020
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
Persistent link: https://www.econbiz.de/10012829322
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Heavyweights - The Impact of Large Businesses on Productivity Growth
Falck, Oliver - 2021
business size in an industry fosters growth in terms of total factor productivity (TFP). The results suggest that the overall …
Persistent link: https://www.econbiz.de/10013316793
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Structural Change in Production Networks and Economic Growth
Gaggl, Paul; Gorry, Aspen; vom Lehn, Christian - 2023
stemming from reallocation induced by structural change. At the same time, productivity growth within the input-output network …
Persistent link: https://www.econbiz.de/10014348090
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New Characteristics and Hedonic Price Index Numbers
Crawford, Ian - 2019
Changes in product characteristics on the extensive margin are an important and hitherto neglected dimension of quality change. Standard techniques for quality-adjusting price indices cannot handle such changes satisfactorily, which leads to an economically and statistically significant bias in...
Persistent link: https://www.econbiz.de/10012891565
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Micro-Geographic Property Price and Rent Indices
Ahlfeldt, Gabriel M.; Heblich, Stephan; Seidel, Tobias - 2021
We develop a programming algorithm that predicts a balanced-panel mix-adjusted house price index for arbitrary spatial units from repeated cross-sections of geocoded micro data. The algorithm combines parametric and non-parametric estimation techniques to provide a tight local fit where the...
Persistent link: https://www.econbiz.de/10013219061
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Multicollinearity in the Presence of Errors-in-Variables Can Increase the Probability of Type-I Error
Komlos, John - 2019
Multicollinearity, especially in combination with errors-in-variables, can increase the likelihood of a Type-I error by inflating the value of the estimated coefficients by more than it magnifies their standard errors, thereby increasing the likelihood of obtaining statistically significant...
Persistent link: https://www.econbiz.de/10012892129
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Non-Standard Errors
Menkveld, Albert J. - 2021
In statistics, samples are drawn from a population in a data-generating process (DGP). Standard errors measure the uncertainty in sample estimates of population parameters. In science, evidence is generated to test hypotheses in an evidence-generating process (EGP). We claim that EGP variation...
Persistent link: https://www.econbiz.de/10013312068
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Ageing and productivity growth: are there macro-level cohort effects of human capital?
Werding, Martin - 2008
demographics and the productivity of those who will still be active during the up-coming period of demographic ageing. As … productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well … output per worker as well as on total factor productivity (TFP). The results confirm earlier findings by Feyrer (2007 …
Persistent link: https://www.econbiz.de/10010264296