Showing 1 - 10 of 664
We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We document that both earnings and income are more concentrated among entrepreneurs than among workers and describe a large-scale overlapping-generations model that can replicate...
Persistent link: https://www.econbiz.de/10012827665
Emigration of young, motivated individuals may deprive countries-of-origin of entrepreneurs. We isolate exogenous variation in a large emigration wave from Italy between 2008 and 2015 by interacting diaspora networks with economic pull factors in destination countries, and find that larger...
Persistent link: https://www.econbiz.de/10012829325
stemming from reallocation induced by structural change. At the same time, productivity growth within the input-output network … fraction of production by services sectors. We develop a multisector growth model that admits structural change in production … networks along the balanced growth path to study these trends. Disaggregated final expenditure data reveal that inputs to …
Persistent link: https://www.econbiz.de/10014348090
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between … results suggest that product market reforms mostly cause slight negative growth, except when implemented during periods of … neutral fiscal policy. Labour market reforms hurt growth under tight and neutral fiscal policy but are conducive to economic …
Persistent link: https://www.econbiz.de/10012829322
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
business size in an industry fosters growth in terms of total factor productivity (TFP). The results suggest that the overall … effects of firm size on TFP growth are negative …
Persistent link: https://www.econbiz.de/10013316793
This paper examines how skill-biased growth can generate economic fragmentation (income dis-parities) that give rise to …, respectively. We show how skill-biased growth leads to an expansion of the individualistic and communitarian groups, at the expense …-nationalist policies (which destroy productivity, compress the income distribution and promote the benefits of social affiliation) …
Persistent link: https://www.econbiz.de/10012859600
We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR perspective used for the first time in this context. Focusing on Emerging Market Economies (EME), our noteworthy findings postulate that (a) both home and foreign EPU shocks...
Persistent link: https://www.econbiz.de/10012837681
We study the relation between the off-shoring of intermediates and services and productivity growth in the Italian … off-shoring") is beneficial for productivity growth, while the off-shoring of services is not. We also find that the way … productivity growth is there with our direct measures based on input-output data but disappears when either a broad measure or the …
Persistent link: https://www.econbiz.de/10010264353
factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than …This paper examines whether growth regressions should incorporate dualism and structural change. If there is a … labour can explain a significant fraction of the international variation in TFP growth. …
Persistent link: https://www.econbiz.de/10010261270