Showing 1 - 10 of 178
capital damage and labour displacement, rather than productivity losses, are the primary channels through which flooding …
Persistent link: https://www.econbiz.de/10015166223
literature to formalize the implications of robot technology. As for the first question, we establish robust evidence that ex … robots, and a productivity-enhancing reallocation of labor across firms, away from non-adopters, and toward adopters. …
Persistent link: https://www.econbiz.de/10012018299
Violence in Mexico has reached unprecedented levels in recent times. After the government began a crackdown on drug cartels, nation-wide homicides almost tripled between 2006 and 2010. Using rich longitudinal plant-level data, this paper studies the impact of violent conflict on firms,...
Persistent link: https://www.econbiz.de/10011932095
We review the theoretical justification of consumption taxes in advanced economies, providing a systematic overview of the vast public finance literature exploring how goods and services should be taxed. Our discussion focuses on both the determinants of the optimal level of consumption taxation...
Persistent link: https://www.econbiz.de/10013470297
with insecure property rights, we analyze how resources are transformed into productive capital to sustain consumption. We … allow property rights to improve as the country transforms natural resources into capital. The ensuing power struggle about … result, the country substitutes away from resources to capital too rapidly and invests more than predicted by the Hartwick …
Persistent link: https://www.econbiz.de/10010270457
Agent-Based Model with Capital and Credit (hereafter CC-MABM). The novelty of this model with respect to the previous … framework consists in the introduction of capital goods that firms producing consumption goods (C-firms) purchase from capital … goods producers (K-firms). The introduction of durability (in the form of capital which depreciates gradually) has important …
Persistent link: https://www.econbiz.de/10010352411
The classical Wage Fund (Capital or Credit) framework is integrated with the simplest text-book version of the … theory involving capital and labour without neo-classical assumptions. Interestingly the growth story of the model seems to …. Technological progress without physical capital accumulation magnifies inequality in or out of steady state, generating a Picketty …
Persistent link: https://www.econbiz.de/10012425595
fracking revolution changed within-group technology that favored Independent firms who outperformed larger Integrated producers …
Persistent link: https://www.econbiz.de/10015211270
Using multiple sources, we document a substantial worsening in the mental wellbeing of Australians aged 15-24, as measured by surveys, self-harm hospitalisations and suicide deaths. The shift began around 2007-2010 and is worse for young women than for young men. While several factors could be...
Persistent link: https://www.econbiz.de/10015211308
In this paper, unlike the conventional wisdom, we demonstrate that the relationship between the size of the market and number of firms would be non-monotonic. While moderate rise in the size would force the local firms to exit and only the foreign firm rules, substantial rise in the size would...
Persistent link: https://www.econbiz.de/10013427720