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Equilibrium unemployment and capital intensity under product and labor market imperfections
Kauppi, Heikki (contributor); Koskela, Erkki (contributor);  … - 2004
We study the implications of product and labor market imperfections for equilibrium unemployment under both exogenous and endogenous capital intensity. With endogenous capital intensity, stronger labor market imperfections always increase equilibrium unemployment. The relationship between the...
Persistent link: https://www.econbiz.de/10002521703
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Regulation, institutions and aggregate investment : new evidence from OECD countries
Égert, Balázs - 2017
This paper investigates the relationship linking investment (capital stock) and structural policies. Using a panel of … with less investment (lower capital stock). The paper also sheds light on the existence of non-linear effects of product …, barriers to entrepreneurship and barriers to trade and investment) tend to amplify the negative relationships between product …
Persistent link: https://www.econbiz.de/10011638226
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Capacity investment under demand uncertainty : an empirical study of the US cement industry, 1994-2006
Ponssard, Jean-Pierre; Thomas, Catherine - 2010
intensive industries, such as cement, by increasing the relative cost of domestic production. -- capacity investment ; demand …
Persistent link: https://www.econbiz.de/10008696743
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Labor in the boardroom
Jäger, Simon; Schoefer, Benjamin; Heining, Jörg - 2019
reduces owners' capital investment -we find that granting formal control rights to workers raises capital formation. The … relations whereby shared governance raises capital by permitting workers to bargain over investment or by institutionalizing …
Persistent link: https://www.econbiz.de/10012138860
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The impact of thin-capitalization rules on multinationals' financing and investment decisions
Büttner, Thiess; Overesch, Michael; Schreiber, Ulrich; … - 2006
Persistent link: https://www.econbiz.de/10003379792
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Voice at work
Harju, Jarkko; Jäger, Simon; Schoefer, Benjamin - 2021
We estimate the effects of worker voice on job quality and separations. We leverage the 1991 introduction of worker representation on boards of Finnish firms with at least 150 employees. In contrast to exit-voice theory, our difference-in-differences design reveals no effects on voluntary job...
Persistent link: https://www.econbiz.de/10012486389
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New firms, capital intensity and the labor share : new theoretical and empirical insights
Grazzini, Jakob; Rossi, Lorenza - 2020
intensity are endogenously determined through business dynamics. It shows that a shock to the relative price of investment goods …
Persistent link: https://www.econbiz.de/10012211092
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The sustainability of Chinese growth and the aggregate factor substitution elasticity
Whalley, John; Xing, Chunbing - 2012
We discuss the sustainability of Chinese high growth relative to growth experience elsewhere, and specifically Soviet Russia in the 1950s to the 1960s by asking if the aggregate technology can eventually similarly constrain high growth performance in the Chinese case as argued by Weitzman in a...
Persistent link: https://www.econbiz.de/10009490607
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Capital-labor substitution, structural change and the labor income share
Alvarez-Cuadrado, Francisco; Long, Ngo Van; Poschke, Markus - 2014
Long run economic growth goes along with structural change. Recent work has identified explanatory factors on the demand side (non-homothetic preferences) and on the supply-side, in particular differential productivity growth across sectors and differences in factor proportions and capital...
Persistent link: https://www.econbiz.de/10010235832
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Capital-labor substitution, structural change and growth
Alvarez-Cuadrado, Francisco; Long, Ngo Van; Poschke, Markus - 2016 - This Draft: May 25, 2016
There is growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well-known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand across...
Persistent link: https://www.econbiz.de/10011482690