Showing 1 - 10 of 384
We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian … random walk benchmark in an out-of-sample environment. Second, lags of investment growth, crude oil price growth and realized … volatility is found to be adequate predictors for the investment growth. Finally, there is a clear benefit from re-estimating the …
Persistent link: https://www.econbiz.de/10012979540
Large and sustained differences in marginal products of capital (MPKs) across countries are sharply at odds with the core implications of the neoclassical framework. Lucas (1990) and many subsequent studies have examined reasons for this MPK differential. In a recent contribution, Caselli and...
Persistent link: https://www.econbiz.de/10005094340
performance to vary with foreign direct investment (FDI) and shows that the foreign expansion itself is the dominant explanatory …
Persistent link: https://www.econbiz.de/10012778928
To many economists the public's support for the minimum wage (MW) institution is puzzling, since the MW is considered a “blunt instrument” for redistribution. To delve deeper in this issue we build models in which workers are heterogeneous in ability. In the first model, the government does...
Persistent link: https://www.econbiz.de/10012951678
We estimate the causal impact of a sizable German infrastructure investment program on employment at the county level …'000 of investments. The employment gains reached their peak after nine months and dropped to zero quickly after the program …'s completion. The reductions in unemployment amounted to two-thirds of the job creation, and employment grew predominately in the …
Persistent link: https://www.econbiz.de/10012960100
It is widely believed that globalization affects the extent of employment and wage responses to economic shocks. To …
Persistent link: https://www.econbiz.de/10013056834
We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked … credit more than other banks. We compare employment changes from 2006 to 2010 at firms heavily indebted to weak banks before … the crisis and the rest. Our estimates imply that these firms suffered an additional employment drop between 3 and 13 …
Persistent link: https://www.econbiz.de/10013060983
This paper finds a link between the sharp drop in U.S. manufacturing employment beginning in 2001 and a change in U … declines the most experience more severe employment losses along with larger increases in the value of imports from China and … employment loss, and we show that the U.S. employment trends differ from those in the EU, where there was no change in policy …
Persistent link: https://www.econbiz.de/10013315642
I study the effects of service offshoring on white-collar employment, using highly disaggregated occupational data for … the high degree of censoring of the employment variable and the small cross-sectional dimension of the panel. I find that … service offshoring is skill-biased, because it raises employment among high-skilled occupations and lowers employment among …
Persistent link: https://www.econbiz.de/10013316986
self-employment. Output is reallocated to more productive firms but, given fast labor-productivity growth, this product …
Persistent link: https://www.econbiz.de/10013317183