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innovation. These include both improvements in physical capital, such as smart grids to aid integration of intermittent … innovation and discuss the lessons learnt for policy. We then discuss the need for complementary innovation in both physical …
Persistent link: https://www.econbiz.de/10013427664
robots, and a productivity-enhancing reallocation of labor across firms, away from non-adopters, and toward adopters. …
Persistent link: https://www.econbiz.de/10012018299
We study the impact of techies—engineers and other technically trained workers—on firm-level productivity. We first … STEM-skill intensive and are associated with innovation, as well as with technology adoption, management, and diffusion …-neutral productivity in both manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this …
Persistent link: https://www.econbiz.de/10014348039
innovation. These include both improvements in physical capital, such as smart grids to aid integration of intermittent … innovation and discuss the lessons learnt for policy. We then discuss the need for complementary innovation in both physical …
Persistent link: https://www.econbiz.de/10014078676
We estimate a nonlinear VAR to quantify the impact of economic policy uncertainty shocks originating in the US on the Canadian unemployment rate in booms and busts. We find strong evidence in favor of asymmetric spillover effects. Unemployment in Canada is shown to react to uncertainty shocks in...
Persistent link: https://www.econbiz.de/10011872143
increase in economic policy uncertainty on unemployment in recessions and expansions. We find the response of unemployment to … be statistically and economically larger in recessions. A state-contingent forecast error variance decomposition analysis … in recessions. …
Persistent link: https://www.econbiz.de/10011887365
Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...
Persistent link: https://www.econbiz.de/10010270872
which are typically followed by deeper recessions and slower recoveries. Housing finance has come to play a central role in …
Persistent link: https://www.econbiz.de/10010420692
We present real time survey evidence from the UK, US and Germany showing that the labor market impacts of COVID-19 differ considerably across countries. Employees in Germany, which has a well-established short-time work scheme, are substantially less likely to be affected by the crisis. Within...
Persistent link: https://www.econbiz.de/10012214176
productivity associated with the job changing brought in train by the two most recent recessions. Changes in match quality are the …Although the adverse labor market effects of economic recessions have been well documented, a notable omission in the … literature is how recessions impact workers’ job match quality. This paper considers the short and longer-term losses in …
Persistent link: https://www.econbiz.de/10012269460